Nike’s CEO Mark Parker is stepping down after more than a decade running the world’s largest sportswear company
Nike's CEO Mark Parker, who joined the company in 1979 and climbed his way up the ranks, will step, according to a statement on Tuesday.
Nike has tapped John Donahoe, an outsider, to take the reins as its new CEO. Donahoe, 59, currently serves as CEO of ServiceNow and previously spent a number of years running eBay. He has served as a Nike board member since 2014 and also remains chairman of the board at PayPal. While Parker has presided over the company at a time of robust sales and earnings growth and a rising stock price, the company has also faced a number of controversies in recent years under his watch. Earlier this month, Parker was found to have a direct link to a. According to the U.S. Anti-Doping Agency, he was included on several emails that outlined the ongoing efforts of Alberto Salazar, a Nike-backed coach, to find a performance-enhancing drug that wouldn’t trigger a positive doping test.
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