Home / Knowledge / News / Apparel/Garments / Nike CEO Parker replaces Knight as chairman
Nike CEO Parker replaces Knight as chairman
04
Jul '16
Courtesy: Nike
Courtesy: Nike
Sports goods marketer Nike has named its president & CEO Mark Parker as the new chairman following the retirement of Phil Knight from the Nike board of directors, effective immediately.

According to Nike, this is the completion of the planned transition that was initiated a year ago.

“Phil's impact on Nike is immeasurable and his entrepreneurial drive is and always will be part of our DNA,” Mark Parker said.

“Along with Nike's exceptional management team, I am committed to leading our next era of innovation and growth as we serve and inspire athletes throughout the world,” Parker added.

The Nike board has appointed Phil Knight to the position of chairman emeritus, with a standing invitation to attend Nike board meetings as an observer and to lend his experience.

“I could not be more pleased with the board's thoughtful execution of the succession plan, and am thrilled that an outstanding leader like Mark will head the board,” Phil Knight also said.

“I intend to continue to work to promote the company's business in my new role for as long as I can contribute to Nike's success and long-term growth,” he informed.

Additionally, Tim Cook, CEO of Apple who has been a Nike director since 2005, has been appointed lead independent director of the board, effective immediately. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search