Nike has onboarded Elliott Hill as President and Chief Executive Officer (CEO), effective from October 14, 2024. He is a long-time Nike veteran and will also become a Director of the Nike Board of Directors and a member of the Executive Committee.
This development comes as the Board of the company and John Donahoe have decided he will retire from his role as President and CEO and from Nike Board of Directors effective October 13. He will remain as an advisor to the company to ensure a smooth transition through January 31, 2025.
Throughout his career at Nike, Hill held senior leadership positions across Europe and North America. Before retiring in 2020, he was President- Consumer and Marketplace leading all commercial and marketing operations for Nike and Jordan Brand, including the P&L across the company’s four geographies. He retired from Nike in 2020.
Commenting on the appointment, Donahoe, said, “It’s been an honour and privilege to be part of this incredible company, and I’ll always value my time at Nike and the opportunity to lead the organisation. I have great respect for Phil, Mark Parker, Nike and its employees. It became clear now was the time to make a leadership change, and Hill is the right person. I look forward to seeing Nike and hill’s future successes.”
Speaking on the development, Hill, said, “Nike has always been a core part of who I am, and I’m ready to help lead it to an even brighter future. For 32 years, I’ve had the privilege of working with the best in the industry, helping to shape our company into the magical place it is today. I’m eager to reconnect with the many employees and trusted partners I’ve worked with over the years, and just as excited to build new, impactful relationships that will move us ahead. Together with our talented teams, I look forward to delivering bold, innovative products that set us apart in the marketplace and captivate consumers for years to come.”
To this, Mark Parker, Executive Chairman, Nike, said, “I am excited to welcome Hill back to Nike. Given our needs for the future, the past performance of the business, and after conducting a thoughtful succession process, the Board concluded it was clear Hill’s global expertise, leadership style, and deep understanding of our industry and partners, paired with his passion for sport, our brands, products, consumers, athletes, and employees, make him the right person to lead Nike’s next stage of growth. Personally, I have worked with Hill for more than 30 years and I look forward to supporting him and his senior management team as they seize the opportunities ahead.”
“I would like to thank Donahoe for his contributions to Nike as President and CEO, and as a board member. I would particularly like to recognise the role he played in leading the company during the COVID pandemic and his unwavering support for the investments Nike has made in our communities around the world,” he added.
