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There is something afoot in the sportswear world. Nike’s long-time President and CEO, Mark Parker, announced he is stepping down and will assume en Executive Chairman role within the company.

When Parker officially relinquishes his role, John Donahoe, currently ServiceNow, Inc’s. President and CEO will be taking his place. Donahoe also previously served as President and Ceo of eBay, Chairman of PayPal Holdings, Inc plus CEO and Worldwide Managing Director of Bain & Co.

In a statement, Parker added this about Donahoe taking his role:

“I am delighted John will join our team. His expertise in digital commerce, technology, global strategy and leadership combined with his strong relationship with the brand, make him ideally suited to accelerate our digital transformation and to build on the positive impact of our Consumer Direct Offense. 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.”

Donahue also a Nike board member since 2014 added:

“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. 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’s impending exit from Nike is raising eyebrows because it follows Kevin Plank stepping down as Under Armour’s CEO and adidas executive, Eric Liedtke leaving his post by the end of the year. Many believe something big is possibly coming in the sneaker industry.

Extremely wild week for the sneaker industry:

– Adidas Exec Eric Liedtke is leaving company
– Under Armour CEO Kevin Plank steps down
– Nike CEO Mark Parker steps down

New leadership will carry the industry’s biggest brands starting in 2020 and beyond.

— Nick DePaula (@NickDePaula) October 22, 2019

We are intrigued as well and will be keeping tabs on this situation.

—

Photo: Ted Soqui / Getty

Source: HipHopWired.com

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Source: Under Armour / Under Armour

The New York Knick’s Dennis Smith Jr. might’ve struck out at the 2019 NBA Slam Dunk Contest, but the hoopers in his old stomping grounds of Fayetteville, NC were still winners at the end of NBA All-Star Weekend. In conjunction with Fayetteville-Cumberland Parks & Recreation, Dennis Smith Jr. and Under Armour went to DSJ’s hometown and treated the city to a carnival-style celebration as part of the unveiling of two refurbished basketball courts at the Smith Recreation Center.

Seabrook Park at Smith Recreation Center is where Dennis grew up learning and growing his unique brand of basketball. Countless hours spent on these courts molded Dennis into the athlete he’s become – in his never ending pursuit of getting better. Now, with Under Armour, Dennis has the opportunity to pay it back and pave a way forward for the next generation of Fayetteville dreamers, helping to completely refurbish and revitalize the two courts he grew up playing on.

And now he’s made it possible for someone else from his old home to follow in his footsteps and make their way to the NBA.

Much props to Dennis Smith Jr, Under Armour and the Fayetteville-Cumberland Parks & Recreation for giving this to the community.

Check out pics below.

Source: Under Armour / Under Armour

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Something’s Afoot: Nike’s President & CEO Mark Parker Stepping Down

Dennis Smith Jr. & Under Armour Bless Fayetville, NC With Some Newly Refurbished Basketball Courts

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