default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Nike CEO Mark Parker Recommended to Replace Phil Knight as Chairman

Nike chief executive Mark Parker was recommended to become the next chairman as part of a succession plan after co-founder Phil Knight steps down from the role.
Source: Reuters
By
  • Bloomberg

BEAVERTON, United States — Nike Inc. Chief Executive Officer Mark Parker was recommended to become the next chairman, part of a succession plan that readies the sneaker company for the day when co-founder Phil Knight steps down from the role.

As part of the preparations, Knight will transfer ownership of his shares to a limited liability company, according to a statement Tuesday. Nike also is appointing Travis Knight, his son, to the board.

“For me, Nike has always been more than just a company -- it has been my life’s passion,” Phil Knight said in the statement. “Over the years, I’ve spent a great deal of time considering how I might someday evolve my ownership and leadership of Nike in a way that benefits all of our stakeholders.”

By: Nick Turner 

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from News & Analysis
Fashion News, Analysis and Business Intelligence from the leading digital authority on the global fashion industry.




view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional Summit - New Frontiers: AI, Digital Culture and Virtual Worlds - March 22, 2024
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional Summit - New Frontiers: AI, Digital Culture and Virtual Worlds - March 22, 2024