Nike is struggling. It’s shaking up its CEO
CNN
Nike, struggling from rising competition and its own strategy mistakes, is making a major shakeup.
Nike, struggling from rising competition and its own strategy mistakes, is making a major shakeup. 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, a sign Wall Street was eager for a CEO change. Nike’s stock has dropped 24% so far this year. This is a developing story and will be updated.
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