Nike appoints veteran Elliott Hill as CEO effective Oct 14; John Donahoe retires

NIKE, Inc.

Elliott Hill, former President-Consumer & Marketplace, returns as President and CEO effective October 14, 2024.
John Donahoe retires as CEO and board member effective Oct 13, will remain advisor through January 31, 2025.
Hill's compensation includes $1.5M base salary, 200% target bonus, $15.5M annual LTI, and $7M in make-whole awards.
Hill previously spent 32 years at Nike, held senior roles in Europe/North America, helped grow revenue to over $39B.
Donahoe's departure is not related to any disagreement; he will receive continued vesting through retirement date.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

John Donahoe

President and Chief Executive Officer

NKE · NIKE, Inc.

Effective: 2024-10-14
Successor: Elliott Hill
Filed: September 19, 2024, 7:59 PM ET

John Donahoe will retire as the Company’s President and CEO and as a member of the Board.

Appointed

Elliott Hill

President and Chief Executive Officer

NKE · NIKE, Inc.

Effective: 2024-10-14
Filed: September 19, 2024, 7:59 PM ET

the Board of Directors of the Company (the “Board”) has appointed Elliott Hill as President and Chief Executive Officer (“CEO”) of the Company

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John Donahoe departed as President and Chief Executive Officer at NIKE, Inc..

Action: retire
Role: President and Chief Executive Officer

Exact text from the filing

John Donahoe will retire as the Company’s President and CEO and as a member of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Elliott Hill was appointed as President and Chief Executive Officer at NIKE, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Board of Directors of the Company (the “Board”) has appointed Elliott Hill as President and Chief Executive Officer (“CEO”) of the Company

View on SEC.gov

NIKE, Inc. filing history →

Source: SEC EDGAR

accession 0000320187-24-000053

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