Elliott Hill has been scheduled to become the new Chief Executive Officer (CEO) of Nike, the global sneaker and sportswear giant.
Hill is to replace John Donahoe on Monday, October 14, 2024.
Arbiterz gathered that Hill joined the company in 1988 as an intern and with his hard work and dedication steadily rose through the ranks.
The prospective CEO, according to media sources, had begged for internship in the company 32 years ago.
“Nike has always been at the core of who I am, and I’m ready to help lead it towards an even brighter future. For 32 years, I’ve had the honour of working alongside the best in the industry, shaping Nike into the extraordinary company it is today,” Hill said in a statement.
“I’m excited to reconnect with long-time colleagues and trusted partners while forging new relationships that will push us forward.”
How much is in the bag for Elliott Hill?
Hill’s total compensation package is valued at $27 million, lower than his predecessor John Donahoe’s $29.1 million remuneration in 2023.
Before Elliott Hill
Donahoe assumed the Nike’s CEO role in 2020 having joined the company in 2014.
His tenure witnessed significant changes in Nike, including deepening the company’s online visibility while enhancing its sales strategy.
Aside from shifting the company’s reliance on collaborations with other retail outlets, Donahoe’s strategy contributed to the overwhelming income of the company for years.
