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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.
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