According to reports, Nike CEO John Donahoe is all set to step down from his role in the shoe company. If reports are to be believed, Nike Incrportaion has ousted Chief Executive Officer John Donahoe and brought longtime executive Elliott Hill out of retirement. The move is said to be aimed at bringing the struggling athletic brand back to its glory days. As per reports, 60-year-old Hill, who originally joined Nike in 1988 and served as president of consumer and marketplace, had retired in 2020. If reports are to be believed, Hill will take over on October 14. Nike Layoffs: Sportswear Company Lays Off Its Employees From European Headquarters in Netherlands.

John Donahoe To Step Down?

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