Phil Knight Plans To Step Down As Nike Chairman,Nike Chairman Phil Knight arrangements to venture down, and says he needs President and CEO Mark Parker to succeed him.Knight, 76, says he wants to stay included with the organization after he ventures down as director. Parker has been Nike's leader and CEO since 2006.
Nike Inc. says it hopes to name another administrator in 2016, however no particular date was situated for Knight's takeoff.
Phil Knight helped to establish Nike and has been a chief of the organization since 1968. The organization additionally named his child Travis to a spot on the board Tuesday.
Knight additionally says he will exchange the greater part of his Nike stock to a restricted risk organization. The chiefs of that organization will be Knight himself, Parker, and Nike executives Alan Graf and John Donahoe. He says the move will help keep up Nike's corporate administration.
Nike Inc. says it hopes to name another administrator in 2016, however no particular date was situated for Knight's takeoff.
Phil Knight helped to establish Nike and has been a chief of the organization since 1968. The organization additionally named his child Travis to a spot on the board Tuesday.
Knight additionally says he will exchange the greater part of his Nike stock to a restricted risk organization. The chiefs of that organization will be Knight himself, Parker, and Nike executives Alan Graf and John Donahoe. He says the move will help keep up Nike's corporate administration.
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