Nike’s Chief Executive, Mark Parker, Is Stepping Down

Nike announced on Tuesday that its chief executive, Mark Parker, will step down at the beginning of next year.

He will be replaced by John Donahoe, a board member and the chief executive of ServiceNow. Mr. Parker, who has led the sportswear company since 2006, will become executive chairman.

ServiceNow is an information technology and software company, and Mr. Donahoe has been on Nike’s board since 2014. He was previously president of Ebay.

This story is developing and will be updated.

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