Nike CEO Replace Ebay CEO Before Taking Over To Accelerate The Layout Of The Electricity Supplier

Nike (NYSE:NKE) announced on Tuesday that Mark Parker, the long-time chief executive of the company, will leave in January next year, Mark Mark. John Donahoe, a member of Nike's board and chief executive of ServiceNow, will take over Parke's position, which shows that the company will focus on digital business. (John Donahoe) Donaho served as chief executive officer of eBay (NASDAQ:EBAY) of the electricity supplier company, and currently serves as the chairman of the board of directors of PayPal (NASDAQ:PYPL), a payment service provider.

After the news, Nike's stock price fluctuated in the after hours trading, up to 0.6%. ServiceNow's share price plummeted by more than 10%.

He has been in charge of this position since he succeeded Nike Phil Knight in 2006. According to the press release issued by Nike, Parke will become the executive chairman of Nike after resigning from the CEO position. He has served in Nike for 40 years, and has served as vice president and co president of footwear products worldwide.

In an interview with us financial media CNBC, Parke said Donaho was "no stranger to Nike" and said he was undoubtedly "the best choice for becoming chief executive". He said Donaho should be able to let Nike achieve "the next stage of growth" in digital business. He added that Nike's board of directors had spent "many months to develop succession plans". It wasn't decided in a matter of weeks. "

He also said that the decision was not caused by doping charges recently related to the Nike Oregon project. At the end of September this year, Nike's chief runner, Alberto Salazar (Alberto Salazar), was banned from doping because of doping charges, and Parke was reportedly implicated in the incident. In an e-mail sent to the staff at the time, Parke said, "Nike has never been involved in any activity that systematically stimulates any runner, and the idea itself makes me feel sick." He also said Nike investigated the allegations against Salazar and found no irregularities.

"We are paying close attention to the development of this situation." Parke said on Tuesday. "We are in a complex period."

Under Parke's leadership, Nike's share price has risen sharply and sales have risen. However, the company is also facing corporate culture scandals and the boycott of controversial marketing activities. In March 2018, there was a complaint within Nike, when a group of female employees submitted a survey on sex discrimination to Parke. In the same year, Nike admitted that it had failed to recruit and promote women, and had dismissal at least 11 senior executives after conducting an internal review of its pay practices, and announced that it would raise 7000 employees.

But Nike also faces more obstacles. All along, Nike has made use of controversial marketing activities to enhance the brand's history. However, Nike's sales did not seem to be hurt, nor did investor sentiment hurt. On Monday, the stock hit a record high of $96.87. So far this year, Nike's share price has risen 29%, bringing its market value to about $149 billion 200 million. By contrast, the share price of rival Under Armour rose by about 21% during the same period, while that of Lululemon, another smaller competitor, surged by nearly 68%.

In the North American market, Nike brand has been struggling, but its competitors Adidas and Under Armour also do, because the competition environment is becoming more crowded. In the last quarter, Nike's revenue grew sharply from $9 billion 950 million a year ago to 7.2%, to $10 billion 660 million, more than the average Wall Street analyst expected $10 billion 440 million. The company expects revenue growth in the current fiscal year to reach a high level of 1% to 9%, slightly higher than in 2019.

Apple Corp (NASDAQ:AAPL) chief executive, Tim Tim (Tim Cook), is the chief independent director of Nike and chairman of the management succession Committee of the board. He said on Tuesday: "Mark and John are two outstanding leaders. Under Mark's leadership, Nike's revenue grew by two times, making Nike one of the most iconic and innovative brands in the world. John, the CEO of three companies, has achieved great success. He has proven past records. He and Mark are leading the company with integrity and love Nike and sports. I know all two of them well and I am very excited about their cooperation in leading Nike to the next chapter. "

ServiceNow announced later on Tuesday that Bill Bill, chief executive of SAP, will take over Donaho's position as SAP.