PORTLAND, Ore. (KOIN) – Nike CEO John Donahoe has announced his retirement, leaving big shoes to fill for the athletic clothing company.

On Sept. 19, the Board of Directors for Nike revealed the position for the company’s president and CEO would be filled by Elliot Hill, a “long-time veteran” with the company who previously retired in 2020.

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“NIKE has always been a core part of who I am, and I’m ready to help lead it to an even brighter future. For 32 years, I’ve had the privilege of working with the best in the industry, helping to shape our company into the magical place it is today,” Hill said following the announcement.

According to the Board of Directors, Donahoe will step down from his role on Oct. 13 and remain an advisor for the company “to ensure a smooth transition” through January 2025.

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“It’s been an honor and privilege to be part of this incredible company, and I’ll always value my time at Nike and the opportunity to lead the organization. I have great respect for Phil, Mark, Nike and its employees,” Donahoe said. “It became clear now was the time to make a leadership change, and Elliott is the right person. I look forward to seeing Nike and Elliott’s future successes.”

Prior to Hill’s retirement, he held senior leadership positions in Europe and North America while serving as a consumer and marketplace leader for the Nike and Jordan brands.

“Personally, I have worked with Elliott for more than 30 years and I look forward to supporting him and his senior management team as they seize the opportunities ahead,” Executive Chairman Mark Parker said.

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