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Powers: Elliot Hill should be a huge upswing for Nike
  + stars: | 2024-10-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowers: Elliot Hill should be a huge upswing for NikeMatt Powers, Managing Partner at Powers Advisory Group, is optimistic about Nike's new CEO, Elliot Hill, but advises waiting for the earnings report before increasing investments. He highlights Nike's global brand and potential growth in China.
Persons: Elliot Hill, Nike Matt Powers Organizations: Nike, Powers Advisory Locations: China
Nike's new CEO, Elliot Hill, admitted things "haven't been easy" for the brand in a message to staff. Hill, a Nike veteran, will replace John Donahoe as CEO. He said employees need to show "speed and urgency" to turn the sneaker brand around. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIn his first message to employees, Nike's new CEO acknowledged that the company is facing challenging times.
Persons: Elliot Hill, John Donahoe, , Hill Organizations: Nike, Service, Bloomberg, Business
Read previewNike's incoming CEO is an old face in the company, having worked his way up the ranks from intern to C-Suite exec. He's set to take over Nike's outgoing CEO, John Donahoe, who has led the company since 2020. This story is available exclusively to Business Insider subscribers. According to Hill's biography, which Nike shared with BI, he started in the company as an apparel sales representative intern in 1988. AdvertisementNike representatives did not respond to a request for comment from Business Insider sent outside business hours.
Persons: , Elliott Hill, He's, John Donahoe, Hill's, Hill, I'm, I've, Tom Peddie, Peddie, Locker, David Daniels, Daniels, Peter Cappelli, Cappelli, Elliot Hill, he's, Justin Sullivan, Jim Duffy, BI's Lloyd Lee, Duffy, they've, Ursula Burns, Burns Organizations: Service, Business, Nike, BI, NIKE, — Consumer, National University of Singapore, Wharton School, University of Pennsylvania, Stifel, Xerox, Columbia University, Business Insider
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