Nike CEO Mark Parker to step down in January

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John Donahue will take over in early 2020

Nike CEO and President Mark Parker, May 6, 2017 (AP Photo/Luca Bruno, File)

NEW YORK (AP) – Nike says its longtime CEO Mark Parker is stepping down early next year.

He will be replaced by board member John Donahoe, who formerly ran e-commerce company eBay.

Parker, who has been CEO since 2006, will become executive chairman of the board.

The Beaverton, Oregon-based sneaker seller says the changes will happen in Jan. 13, 2020. Donahoe is the current president and CEO of ServiceNow, Inc. and also serves on its board of directors.

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