January 2020 will be the start of a new decade and a new era for Nike. After serving as CEO since 2006, Mark Parker will be stepping down.
Filling the famous shoes of Phil Knight, Parker has had a remarkable run in Beaverton. Working with the Swoosh over the course of four decades, Parker will remain with Nike, becoming the companyâ€™s executive chairman next year.
Parker is set to be replaced by John Donahoe, who currently resides as the CEO of ServiceNow and is a Nike board member. Donahoe has experience as the former CEO of eBay and is chairman of the board at PayPal. Itâ€™s said this move signals Nikeâ€™s focus on digital.
This major move mirrors a recent market trend asÂ Kevin Plank just stepped down at Under Armour as CEOÂ as did adidas exec Eric Liedtke.