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Phil Knight Steps Down as NIKE CEO/President

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(NOVEMBER 19)- Nike named William Perez president/CEO and a director effective December 28. Perez will succeed co-founder, COB/CEO Phil Knight, who will continue as COB. Perez, 57, has been president/CEO of S.C. Johnson & Son, Inc. since 1996. Speaking on behalf of the board, Knight said, “Nike has enjoyed tremendous success as we have grown […]

(NOVEMBER 19)- Nike named William Perez president/CEO and a director effective December 28. Perez will succeed co-founder, COB/CEO Phil Knight, who will continue as COB. Perez, 57, has been president/CEO of S.C. Johnson & Son, Inc. since 1996.

Speaking on behalf of the board, Knight said, “Nike has enjoyed tremendous success as we have grown to become a $12-billion global company. As I’ve said many times over the past three years, Nike’s current management team, led by Brand Presidents Charlie Denson and Mark Parker, is the strongest it’s ever been. With Bill, we will become even stronger. I am confident that as CEO of Nike, Inc., Bill will lead Nike’s extraordinary team of people to create an even bigger and better global company,” Knight said.

Knight added, “In the near term, I will focus my efforts on ensuring an effective transition and on evolving into my role as an active chairman. I also plan to maintain my status as the world’s number one sports fan. Knight, who is 66 years old, co-founded Nike in 1972.

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