Nike's Parker hands over CEO role to former eBay chief

Nike Inc's long-time chief executive officer, Mark Parker, will step down n...

Nike’s Parker had said last year he would remain CEO and chairman of the footwear maker beyond 2020, with his remarks coming in the midst of a series of executive departures and probes on workplace complaints.

Parker joined Nike as one of its first footwear designers in 1979, and held several roles during his tenure at the company before taking charge as its top boss in 2006. “We like that comes from technology and that he comes from the digital space and we like that he is a strategist and a leader ... things that have made Nike positive have been because of those sort of strengths,” Jane Hali & Associates analyst Jessica Ramirez said.

Over the past year, however, Parker faced a number of speedbumps as he chased his target of $50 billion in annual sales. He apologised to staff last year after a series of workplace complaints at the company. FILE PHOTO: John Donahoe, President and CEO of eBay Inc, attends the first day of the annual Allen and Co. media conference Sun Valley, Idaho July 8, 2015. REUTERS/Mike Blake

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