Consumer

New Nike CEO’s First Words to Staff: ‘Things Haven’t Been Easy’

  • Hill addressed employees after surprise announcement of return
  • Executive replaces John Donahoe, who leaves amid sales slump

WATCH: Nike Says Elliott Hill Will Replace John Donahoe as CEO

Source: Bloomberg

Lock
This article is for subscribers only.

Elliott Hill, the newly named chief executive officer of Nike Inc., acknowledged that things have been rough for the world’s largest sportswear brand in his first message to staff on Thursday.

“I know things haven’t been easy, and we certainly have taken our fair share of shots,” Hill wrote in an email to employees seen by Bloomberg News.