Nike veteran Elliott Hill to replace John Donahoe as CEO; shares jump

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The story "Nike veteran Elliott Hill to replace John Donahoe as CEO; shares jump" was covered 1 weeks ago by Business Standard, a news publisher based in India.

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Nike veteran Elliott Hill to replace John Donahoe as CEO; shares jump - Business Standard

Quick Summary:

In the last couple of years, Nike had curtailed partnerships with retailers and pushed ahead with its plan to drive more sales through its own stores and websites.

Nike said in a regulatory filing that Hill's compensation as president and CEO will include an annual base salary of $1.5 million.

Thomas Hayes, chairman at Great Hill Capital, called Hill great pick, Nike now needs to â€œinnovate and repair relationships with wholesalers, he added.