CEO Nike Under Armour

Nike And Under Armour Announce Hiring Of New CEOs

October 23, 2019


Nike have announced that John Donahoe (pictured right) will be appointed as the company’s new President and Chief Executive Officer, effective Jan. 13, 2020.

Donahoe will replace Mark Parker (pictured left), who had held the role of CEO since 2006, who will become Executive Chairman and continue to lead the Board of Directors.

“It is an honor to become President and CEO of this amazing, innovative company, and to join the more than 76,000 talented and passionate employees dedicated to serving athletes,” said Donahoe. “Over the last five years, I’ve been proud to be connected to Nike through my role on the Board and now look forward to being a full-time member of the team, working even more closely with Mark, building on Nike’s success and seizing the opportunities ahead.”

Parker said: “This is an exciting time for Nike where we see brand strength and momentum throughout the world and great opportunity for future growth. I look forward to continuing to lead the Board as Executive Chairman, as well as partnering closely with John and the management team to help him transition to his new role.”

Under Armour

Meanwhile, Under Armour have announced that Patrik Frisk will become the company’s Chief Executive Officer on the 1st of January, 2020, taking over from Kevin Plank, who founded the organisation in 1996.

Plank said: “Our multi-year, transition approach has ensured purposeful leadership continuity. Patrik is the right person to serve as Under Armour’s next CEO. As my partner during the most transformative chapter in our history, he has been exceptional in his ability to translate our brand’s vision into world-class execution by focusing on our long-term strategy and re-engineering our ecosystem through a strategic, operational and cultural transformation.”

Under Armour President & COO Patrik Frisk added, “I joined Under Armour to be part of an iconic brand that demonstrated the power of sport and premium experience, when properly harnessed, is capable of unlimited possibilities. Today, I am even more resolute in this conviction. The opportunity that lies ahead of us is incredible. As our entire global team continues to lean hard into our transformation, I am honoured to lead this great brand toward the realization of its full potential.”

CEO Nike Under Armour