The Strategist

Nike CEO steps down


10/23/2019 - 06:29



After 13 years serving to the company, Nike CEO Mark Parker will leave this post, according to a press release published on the company's official website.



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bargainmoose
He will be replaced by John Donahoe, who has been a member of the Nike board of directors since 2014. He is also President and CEO of ServiceNow, a global leader in cloud ITSM platform manufacturers, as well as Chairman of PayPal Holdings. From 2008 to 2015, he was President and CEO of eBay.

The decision on his appointment as President and CEO of the company comes into force on January 13, 2020. Parker himself will take over as Chairman of the board of directors.

According to the New York Times, Parker has been associated with a number of scandals in the past few years. For example, last year, company employees staged an "internal revolt" against a "culture of aggressive and abusive behavior within the company." After that, Nike dismissed a number of senior executives, but Parker retained his position.

Also in early October, it was reported that Nike would close the Nike Oregon project, a training camp in Oregon, USA, which employed athletics trainer Alberto Salazar. The latter was disqualified for distributing doping.

source: cnbc.com




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