Nike & # 39; s Chief Executive, Mark Parker, resigns

Posted by on October 22, 2019  /   Posted in golf reviews

Nike announced Tuesday that its CEO, Mark Parker, will resign early next year.

He will be replaced by John Donahoe, a board member and the chief executive of ServiceNow. Mr. Parker, who has been running the sportswear company since 2006, becomes executive chairman.

Mr. Donahoe has been on the Nike board since 2014. He joined ServiceNow, an information technology and software company, in April 2017 and was previously president and chief executive of Ebay.

Earlier this month, Nike closed its elite running training group, the Oregon Project, for years run by Alberto Salazar. That came shortly after the American anti-doping agency had banned Mr. Salazar from the distance sport for four years for doping violations. Mr. Parker initially supported Mr. Salazar but later said that keeping the Oregon Project while Mr. Salazar appealed that it was no longer tenable.

Mr. Parker has been involved in other controversies in recent years. Last year, female employees led an internal revolt against what they saw as a toxic culture of bullying and intimidation within the company. Nike pushed a dozen top managers away, but Mr. Parker stayed.

Several current and former female Nike-sponsored runners came forward this summer to say they were forced to decide whether to risk financial sanctions against Nike by becoming pregnant. The company responded by changing its policy.

The announcement of Mr. Parker's upcoming move came on the same day that Under Armor said the founder and CEO, Kevin Plank, would no longer oversee daily operations, although he was the executive of the company remains Chairman.

This story is under development and will be updated.

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