Around the Net
End Of An Era: Knight Stepping Down At Nike
- San Francisco Chronicle, Wednesday, July 1, 2015 8 AM
Phil Knight has announced plans to step down as Nike’s chairman. Nike President and CEO Mark Parker will succeed him. Knight said he plans to stay involved in the business. He said he will transfer most of his Nike stock to a limited liability company, Swoosh LLC. Nike said its annual profit grew 22% to $3.27 billion and revenue rose 10% to $30.6 billion.
