Nike’s leadership shake-up has been met with enthusiasm from the markets, as the sportswear giant announced the return of veteran Elliott Hill to its top job. On Thursday, the company’s board of directors confirmed Hill’s appointment as Chief Executive Officer,

Nike is appointing Elliott Hill as its new president and CEO to succeed John Donahoe effective 14 October 2024.

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.