NIKE, Inc. announced the appointment of Elliott Hill as the new President and CEO effective October 14, 2024, succeeding John Donahoe, who will retire on January 31, 2025. Hill's compensation includes a $1.5 million salary, a target bonus of 200%, and a long-term incentive award of $15.5 million, along with a one-time cash payment of $4 million and RSUs worth $3 million.