Turns out that knowing about sneakers is an important skill for the CEO of a sneaker maker.

After losing market share in recent years, Nike faces near-term challenges such as the sales momentum among competitors.

New Nike CEO Elliot Hill is inheriting “a turnaround that has yet to show momentum,” according to Stifel analyst Jim Duffy.

Nike Inc. has named Elliott Hill as its president and CEO effective, replacing John Donahoe, who will retire next month.

Nike Inc stock price jumped in after-hours trading Thursday on news that CEO John Donahoe is retiring and will be replaced by ...

Nike said John Donahoe will retire as chief executive and from the board. Elliott Hill, who retired from the sneaker maker in ...

Nike said John Donahoe will retire as chief executive and from the board. Elliott Hill, who retired from the sneaker maker in ...

Nike announced that former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as president and CEO ...

Nike on Thursday named a company veteran, Elliott Hill, to be its next CEO. He will succeed John Donahoe on Oct. 14, when ...

BEAVERTON, Ore. — Nike announced Thursday that John Donahoe will retire from his role as president and CEO, effective Oct. 13 ...

BEAVERTON, Ore. — Nike announced Thursday that John Donahoe will retire from his role as president and CEO, effective Oct. 13 ...

More from WWD Nike CEO John Donahoe Is Out, Elliott Hill Returns to Take the Reins Estée Lauder Unveils 2024 Executive Pay ...