Both Nike and Under Armour’s CEOs Are Stepping Down: Is This The End Of The Imperial And Untouchable CEO? - News Summed Up

Both Nike and Under Armour’s CEOs Are Stepping Down: Is This The End Of The Imperial And Untouchable CEO?


Just this week, three CEOs of top U.S. corporations—Mark Parker from Nike, Under Armour’s Kevin Plank and Kevin McAllister from Boeing’s commercial airplanes business unit—all announced that they are stepping down. Nike, the sneaker giant, announced that its CEO, Mark Parker, will step down after 13 years of leading the global footwear company. John Donahoe, a Nike board member and CEO of cloud-computing company ServiceNow, will take over. (Photo by Cindy Ord/Getty Images) Getty ImagesKevin Plank, CEO and founder of Under Armour, also announced his retirement this week. Leslie Moonves was one of the most powerful and highest-paid media CEOs, serving as the chairman and CEO of CBS.


Source: Forbes October 23, 2019 15:41 UTC



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