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.