ÐÇ¿Õ´«Ã½

Skip to main content

Nike names Elliott Hill as CEO, replacing John Donahoe

The Nike logo is shown on a store in Miami Beach, Fla. on Aug. 8, 2017. (AP Photo/Alan Diaz, File)
The Nike logo is shown on a store in Miami Beach, Fla. on Aug. 8, 2017. (AP Photo/Alan Diaz, File)
Share
BEAVERTON, Ore. -

Nike Inc. said Thursday it has named Elliott Hill as its president and CEO, replacing John Donahoe, who will retire next month.

Hill is returning to the company from which retired in 2020. He previously held leadership positions at the sportswear giant across Europe and North America. Before his retirement, he served as the president of consumer and marketplace operations for Nike and the Jordan brand.

Nike's sales have weakened recently and its stock is down about 24 per cent year-to-date. In its most recent quarter, which ended on May 31, the company reported a 2 per cent revenue decline. Donahoe said at the time that the company is approaching its "near-term challenges head-on, while making continued progress in the areas that matter most to Nike's future."

In February, the company based in Beaverton, Oregon, announced it was cutting 2 per cent of its global workforce, or little over 1,600 jobs, aiming to cut costs and reinvest the savings into what it sees as big growth areas like sport, health and wellness.

Nike's stock jumped almost 8 per cent following the announcement, which came after the close of regular-session trading on Wall Street.

CTVNews.ca ÐÇ¿Õ´«Ã½

Shamattawa RCMP are searching for a missing six-year-old boy who hasn’t been seen since Wednesday morning.

BREAKING

BREAKING

B.C.'s police watchdog is investigating the death of a woman who was shot by the RCMP after allegedly barricading herself in a room with a toddler early Thursday morning.

The University of Ottawa's special advisor on antisemitism says he has resigned following posts he made on social media celebrating the pager explosions in Lebanon this week.

Quebec Premier Francois Legault is calling on the Bloc Quebecois to topple the Trudeau government next Wednesday and trigger a federal election.

Local Spotlight

They say a dog is a man’s best friend. In the case of Darren Cropper, from Bonfield, Ont., his three-year-old Siberian husky and golden retriever mix named Bear literally saved his life.

Paleontologists from the Royal B.C. Museum have uncovered "a trove of extraordinary fossils" high in the mountains of northern B.C., the museum announced Thursday.

The search for a missing ancient 28-year-old chocolate donkey ended with a tragic discovery Wednesday.

The Royal Canadian Mounted Police is celebrating an important milestone in the organization's history: 50 years since the first women joined the force.

It's been a whirlwind of joyful events for a northern Ontario couple who just welcomed a baby into their family and won the $70 million Lotto Max jackpot last month.

A Good Samaritan in New Brunswick has replaced a man's stolen bottle cart so he can continue to collect cans and bottles in his Moncton neighbourhood.

David Krumholtz, known for roles like Bernard the Elf in The Santa Clause and physicist Isidor Rabi in Oppenheimer, has spent the latter part of his summer filming horror flick Altar in Winnipeg. He says Winnipeg is the most movie-savvy town he's ever been in.

Edmontonians can count themselves lucky to ever see one tiger salamander, let alone the thousands one local woman says recently descended on her childhood home.

A daytrip to the backcountry turned into a frightening experience for a Vancouver couple this weekend.

Stay Connected