Headlines

Nike Chair Phil Knight Stepping Down

Ends 51-year tenure with company

Published

9 years ago

July 7, 2015

VMSD Staff

Phil Knight, chair of Nike Inc. (Beaverton, Ore.), announced plans to step down from his current role, a move that will end his 51-year tenure as head of the company.

Knight co-founded Nike with Bill Bowerman in 1964, creating the company from the backseat of Knight’s car.

Forbes reports that Nike intends to name a replacement in 2016. Knight stated that he would like current Nike ceo Mark Parker to take the position.

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