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Nike is taking a step in the right direction under new CEO Elliott Hill.The footwear brand posted its fiscal second quarter earnings on Thursday after market close. Its revenue of $12.35 billion ...
Nike's Q2 financial performance "largely met expectations," but net revenue fell 7.7% to $12.35 billion, ... New Nike CEO Elliott Hill: 'We lost our obsession with sport' Show comments. Advertisement.
John Donahoe, who has led Nike since 2020, will stay on until he steps down on Oct. 14. Donahoe will stick around as a full-time non-executive employee of the company until his Jan. 31, 2025 ...
He was previously its chairman and CEO. [1] As of January 2025, Forbes estimated his net worth at $33 billion. [2] [3] He is also the owner of the stop motion film production company Laika. Knight is a graduate of the University of Oregon and the Stanford Graduate School of Business.
Elliott Hill's rise to executive prominence at Nike is the stuff of corporate legend. He started as an intern in 1988 and after 30 years of dedication and a brief retirement, he's back to help ...
The company's net profits dropped to $6.5 billion in its most recent fiscal year, down from $6.9 billion two years ago. Operating profit margins during this time decreased to 12.7% from 14.7%.
Nike’s share prices surged more than 6% the day after Hill was announced as the company’s new chief executive. Hill says that the first thing on his agenda is re-engaging with the team he’s ...
Nike said in a regulatory filing that Hill's compensation as president and CEO will include an annual base salary of $1.5 million. He will take over as CEO on Oct. 14. Analysts cheered the move.