Nike Inc.’s longtime leader Mark Parker will step aside as chief executive and be succeeded by a technology industry veteran, marking a strategic shift atop the world’s biggest sportswear brand. John Donahoe, 59 years old, a former eBay Inc. chief executive and a current member of Nike’s board, will take over as CEO in January. Mr. Parker, 64, will become Nike’s executive chairman. The four-decade Nike veteran took over the top job in 2006, inheriting a global brand built by co-founder Phil Knight.

Source: Wall Street Journal October 22, 2019 20:26 UTC