October 28, 2019
NIKE, Inc. announced the transition of Mark G. Parker, President, CEO and Chairman to Executive Chairman effective January 13, 2020. Mr. Parker has been CEO of NIKE, Inc. since January 20, 2006. He previously served as President of the NIKE brand since 2001. From 2006-2019, Parker realized $371,451,753 in total compensation.
On January 13, 2020, John J. Donahoe II will assume the role of NIKE, Inc.'s President and Chief Executive Officer. He currently serves as President and Chief Executive Officer of ServiceNow, Inc. and a member of NIKE, Inc.'s board of directors. Donahoe's total annual compensation will be approximately $18.5 million. Donahoe’s annualized base salary will be $1,500,000, while his target bonus will be $3,000,000 and his target long-term incentive award totals $14,000,000. He is also eligible to receive one-time long-term incentives, including RSUs with a grant date fair value of $17,500,000 and performance options with a grant value of $17,500,000. Donahoe will be eligible to receive a performance-based cash award with a target value of $10,000,000 based on key transition-related performance metrics evaluated through May 31, 2021.
Mark G. Parker is the 62nd CEO from the Equilar 500 to announce his resignation in 2019.
Brielle Ferdinand, Research Analyst at Equilar, authored this post. Please contact Amit Batish, Content Manager, at email@example.com for more information on Equilar research and data analysis.
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