The news traveled quickly across Nike’s sprawling headquarters in Beaverton, Ore. Elliott Hill was coming back.
Employees high-fived. An audible cheer could be heard in parts of Nike’s 400-acre campus. Current and former employees lit up group chats and social media. On Wall Street, investors joined the celebration, sending Nike shares up roughly 8% in after-hours trading following the company’s September 2024 announcement that Hill would come out of retirement to replace John Donahoe as chief executive.
