NKE stock dropped 3.5% today after longtime CEO Mark Parker announced he was stepping down from his current role with Nike Inc (NYSE:NKE) after 13 years and moving to a new role with the company.
Parker, now 64, first joined Nike back in 1979 and worked his way through various positions at the company, from footwear designer to Vice President of Global Footwear, before being appointed to the top job in 2006. The announcement comes as somewhat of a shock to the market, hence the drop in NKE stock, after Nike had said less than two ...
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