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.
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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