Elliott Hill will take over as Nike’s CEO on October 14, replacing John Donahoe. A veteran of the company, Hill is tasked with revitalizing sales and consumer interest amid increasing competition from brands like On and Hoka.
Starting as an intern in 1988, Hill spent over three decades at Nike, climbing through the ranks to hold various leadership roles before retiring in 2020. He previously revealed that he “begged” for six months to secure his initial position, stating, “I told him ‘everybody in my class has a job except me.’”
Hill’s journey reflects his commitment to Nike, which he calls “a core part of who I am.” He expressed enthusiasm for reconnecting with longtime colleagues and forming new relationships to drive the company forward. His LinkedIn profile highlights a steady rise, culminating in his role as President of Consumer & Marketplace before retirement.
According to reports, Nike has offered Hill a compensation package worth $27 million, which includes $7 million in equity and cash awards. He is also eligible for up to $20 million in performance-based cash and stock awards. As he returns to Nike, Hill aims to steer the brand toward a brighter future amid a competitive market landscape.
