Nike CEO Mark Parker Steps Down After 4 Decades

Board member John Donahoe will replace him

Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.

Nike’s longtime CEO Mark Parker is officially stepping down.

Parker, who has been with the brand for four decades and stepped into the CEO role in 2006, will stay on as an executive chairman. John Donahoe, who’s the current CEO and president of ServiceNow, Inc., will step into the role, effective Jan. 13, 2020. Donahoe was previously president and CEO of eBay.

“This is an exciting time for Nike where we see brand strength and momentum throughout the world and great opportunity for future growth,” Parker said in a statement.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in