Elliott Hill

Following Nike's announcement in September 2024, Elliott Hill returned to replace John Donahoe as CEO, generating initial excitement and causing shares to rise on Wall Street. Although Hill has achieved some early progress, including wholesale growth, nearly two years later, the turnaround is viewed by experts as a 'long, hard slog.' Persistent overall weakness means that Nike's stock remains significantly below its previous peaks.

Nike is hiring David M. Denton as its new CFO, offering a $7.25 million cash award and other incentives. Denton has prior CFO experience at Pfizer, Lowe’s, and CVS Health. Nike’s recent quarterly results show flat revenue and declining gross margins amid strategic challenges.

Nike's quarterly results revealed mixed performance with modest North American growth but significant declines in China and at Converse. The company faced criticism for a controversial Boston Marathon ad campaign, supply chain issues ahead of the World Cup, and reduced financial disclosures, complicating CEO Elliott Hill's recovery efforts.

Elliott Hill, Nike's president and CEO, has a busy schedule with meetings, workouts, and a daily five-minute nap. He shared his life with Craig Melvin for NBC News' Business in America. Hill's unique routine offers insight into his life beyond the company.

Elliott Hill, Nike's CEO, bought $2 million worth of shares at a low point for the company, indicating confidence in the company's future. This move was made on April 2, 2026, in Portland. The investment suggests a positive outlook for Nike.