Nike CEO John Donahoe to Step Down

The sportswear giant’s current president and CEO, John Donahoe, will step down from his role in 2023.

Donahoe, who has led Nike since 2020, will be succeeded by current COO, Matt Friend. Friend has been with Nike for over two decades and has held various leadership positions within the company.

In a statement, Nike said that Donahoe’s decision to step down was “part of a long-planned succession process.” The company also said that Donahoe will remain on Nike’s board of directors.

Donahoe’s Legacy at Nike

Donahoe joined Nike in 2014 as president and CEO of Nike Brand. He was promoted to CEO of the entire company in 2020.

During his time at Nike, Donahoe has overseen a number of significant changes, including the launch of new products, the expansion of the company’s e-commerce business, and the acquisition of several other companies.

Donahoe is also credited with helping to improve Nike’s financial performance. Under his leadership, the company’s revenue has grown from $34.4 billion in 2014 to $44.5 billion in 2022.

Friend’s Qualifications for the Role

Friend has been with Nike for over two decades and has held various leadership positions within the company.

Prior to his current role as COO, Friend was president of Nike’s North America business. He also served as president of Nike’s Asia Pacific and Latin America regions and was the general manager of Nike’s global footwear business.

Friend is a graduate of the University of Oregon and holds an MBA from Stanford University.

Nike’s Future

Nike is one of the world’s leading sportswear brands. The company has a strong track record of innovation and financial performance.

Friend is a well-respected leader with a deep understanding of Nike’s business.

Under Friend’s leadership, Nike is well-positioned to continue its success in the years to come.