Nike CEO Mark Parker to step down in January
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October 23, 2019
NEW YORK (AP) — Nike said Tuesday that 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 will become executive chairman of the board.
Nike's sales have been on the rise as the company focuses on selling more of its swoosh-branded sneakers online and on its apps. The company's first quarter earnings last month soared past expectations. But Nike has also been plagued by scandals recently.
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