Mr Hill is a graduate of Texas Christian University (TCU) and Ohio University, currently serving on TCU's Board of Trustees. His journey at Nike began as an intern in 1988, and over the years, he has navigated through 19 different roles, culminating in his retirement in 2020 as President of Consumer and Marketplace.

CEO John Donahoe will be stepping down Oct. 13, and will remain an advisor to the company through Jan. 31. He will be replaced by former Nike executive Elliott Hill, who will begi

Nike Inc. ousted beleaguered Chief Executive Officer John Donahoe, bringing longtime executive Elliott Hill out of retirement in a bid to return the struggling athletic brand to its glory days.

Nike on Thursday announced it would replace CEO John Donahoe with his former colleague, Elliott Hill, sending the stock soaring on the news. Hill, 60, is returning to Nike four years after retiring from the sneaker giant.

Nike says Elliott Hill will replace John Donahoe as CEO in October. Nike has struggled to turn around its business over the last year.

The athletic giant announced Thursday that CEO John Donahoe will retire next month and will be replaced by Elliott Hill, a veteran former Nike executive. Nike’s stock rose 9% during after-hours trading Thursday,

Nike announced plans to toss out its president and CEO John Donahoe, as demand falters for the brand's sneakers.He'll be replaced by former senior executive Elliott Hill, who will take over next month.