Today's story will give the reader a brief history of John Donahoe, and the companies in which he has held some lofty positions. Donahoe worked at Bain for 20 years, and he became the CEO in 1999 of the Boston based consulting firm. Next, he went to Ebay to work as president of Ebay marketplaces in 2005. He became CEO in 2008, and he served in this role for seven years until 2015. ServiceNow became the next home for Donahoe, as he became their CEO in 2017. In three months, Nike will be the new home for Donahoe as he will be the CEO. Essentially, Donahoe has held the CEO role at three huge companies. His biggest challenge may be leading Nike, which has a market cap. of $119 billion. Donahoe has an undergrad. degree from Dartmouth, and an MBA from Stanford Graduate School of Business. Donahoe is a board member at Nike, and the company is betting big on their digital aspirations when they hired John. How did Nike think of John Donahoe, and what does he bring to the table? One huge quality will be his steady leadership, and the company's e-commerce sales have increased tremendously. One of Nike's goals is to take their e-commerce sales from a current 15% to 30%, in the upcoming years. Nike is joining a ton of companies in the retail sector, that is changing their image in today's digital landscape. What happens to Mark Parker, the current CEO? Mark is taking over the chairman reins, in January 2020. He is moving onto a higher position in some ways, and he is not leaving the company. Parker will turn 65 soon, but he is not retiring. Finally, Donahoe is chairman of Paypal Holdings, Inc. Will Nike be the last company that Donahoe will be the ceo for? This question is one for the reader to ponder. John Donahoe is not a household name, but today he should be one that the world will be informed about. In closing, Nike's stock has risen 29% this year. Will the stock continue to grow, when John is CEO in three months? In other sports shoe brand news, the CEO of Under Armour is stepping down. Kevin Plank was founder of UA, and he will become the chairman. Nike is far ahead of its competitors these days, and they should continue their lead on the shoe retail world into the next decade. Enjoy the picture of Mark Parker and John Donahoe above. Phil Knight is one of the key founders of Nike, and John Donahoe will take over the shoe giant in ninety days. Good night from the retail shoe business world, that we live in.
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