30 Jun '15, 9pm

Phil Knight Steps Down From Nike CEO Position

Phil Knight Steps Down From Nike CEO Position

Co-founder of then Blue Ribbon Sports in 1968 and now known as Nike, Phil Knight has decided to resign as the CEO. That’s a tough thing to come to terms with if you’re the top dog at the world’s largest athletic shoe and clothing maker. Phil has agreed to remain his position as Chairman of the Board at Nike. Per the Seattle Times , here’s more details: Under Knight’s direction, Nike has become a $12 billion global business, selling apparel and equipment with an ever wider range of shoes. “I am confident that as CEO of Nike Inc., Bill will lead Nike’s extraordinary team of people to create an even bigger and better global company,” Knight said in a prepared statement. He did not give a reason for relinquishing the titles. His resignation is effective Dec. 28. Darren Rovell reports Mark Parker has been recommended for the position, while the Seattle Times suggests Phil Knigh...

Full article: http://theshoegame.com/articles/phil-knight-steps-down-fr...

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