Change is coming to the top of Nike Inc.
Mark Parker will become executive chairman of the company and hand the titles of president and chief executive officer to John J. Donahoe 2nd, a member of the company’s board.
The change takes effect Jan. 13.
Donahoe, 59, has been a director at Nike since June 2014 and is currently president and ceo of ServiceNow, Inc., a post he’s had since 2017. Before that, he lead eBay Inc. from 2008 to 2015.
“This is an exciting time for Nike where we see brand strength and momentum throughout the world and great opportunity for future growth,” Parker said. “I am delighted John will join our team. His expertise in digital commerce, technology, global strategy and leadership combined with his strong relationship with the brand, make him ideally suited to accelerate our digital transformation and to build on the positive impact of our Consumer Direct Offense. I look forward to continuing to lead the board as executive chairman, as well as partnering closely with John and the management team to help him transition to his new role.”
Donahoe said: “It is an honor to become president and ceo of this amazing, innovative company, and to join the more than 76,000 talented and passionate employees dedicated to serving athletes. Over the last five years, I’ve been proud to be connected to Nike through my role on the board and now look forward to being a full-time member of the team, working even more closely with Mark, building on Nike’s success and seizing the opportunities ahead.”