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The stock surge comes as Elliott Hill, a longtime Nike executive who left the popular sportswear brand in 2020 only to return earlier this week as its new CEO, tried to encourage staffers and lift ...
The embattled CEO, who took the helm at Nike in January 2020, will be replaced by Elliott Hill, a former Nike executive who retired in 2020. The leadership shift comes during a rough patch for Nike.
Elliott Hill, the newly named chief executive officer of Nike Inc., acknowledged that things have been rough for the world’s largest sportswear brand in his first message to staff on Thursday.
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