Nike replacing CEO Mark Parker with a Silicon Valley tech exec - Business Insider

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Nike just announced a Silicon Valley tech exec as its next CEO, and it reveals how it's thinking about its future

Nike CEO Mark Parker steps down just hours after Under Armour's chief executive leaves his role

he would be stepping down — the selection of Donahoe, with his seasoned background in Silicon Valley tech, was anything but. , Parker said Donohoe — who has been a Nike board member since 2014 and is currently the CEO of the cloud-computing software company ServiceNow and chairman of PayPal Holdings — is "the best choice to come in and actually usher in this next wave of growth for Nike.

 

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