Nike CEO Mark Parker, who remains for a long time who has weathered a series of public relations crises in recent months, on Tuesday, he will step down from his publish in January, the company announced.
Nike mentioned that the former eBay CEO and a member of Nike’s board of directors, John Donahoe will succeed Parker as CEO active Jan. 13, 2020. Parker will stay with the company as executive chairman and lead its board of directors.
Parker has worked as Nike’s CEO since 2006 and added chairman and president titles in 2016. The company has experienced steady financial development under Parker’s watch, with greater than $39 billion in income in fiscal 2019. Nike stated last year that Parker would remain in his role “past 2020,” however, he didn’t provide specifics.
Parker’s future at the company came into query in recent months among a series of scandals at the sportswear giant. After several female workers raised concerns about a few toxic cultures and inappropriate workplace conduct, Nike cut ties with several executives in 2018. The situation led Parker to apologize to workers throughout an all-hands meeting in May 2018.
In this year, several Nike-sponsored athletes accused the company of enforcing financial penalties if they missed efficiency objectives because of pregnancy, prompting the company to change in their policy.
Parker drew renewed inspection earlier this month after U.S. Anti-Doping Agency officials issued four-year bans to a Nike-affiliated doctor and operating coach for experimenting with performance-enhancing medication. A report ready for anti-doping officials uncovered proof that Parker had direct knowledge of the experiments, which happened at Nike facilities.
The outgoing Nike CEO denied wrongdoing in a memo to workers obtained by the news channel.
“Nike did not take part in any effort to dope any runners ever systematically; the very idea makes me sick,” he mentioned.