Comment on Nike stock jumps after hours on news that CEO John Donahoe is being replaced by company veteran Elliott Hill

Nike stock jumps after hours on news that CEO John Donahoe is being replaced by company veteran Elliott Hill

The leadership change, effective October 14, follows a rocky tenure for Donahoe, who joined the footwear giant as a tech-focused outsider in January 2020. Shares of Nike (NYSE: NKE) jumped in after-hours trading on Thursday after news broke that CEO John Donahoe is leaving the company and will be replaced by Elliott Hill, a Nike veteran who had held a number of senior positions before retiring in 2020.

 

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