After Dec. 28, co-founder will just be chairman
Nike co-founder Phil Knight, who at 24 sold shoes out of his car before eventually helping build the most lucrative footwear and apparel company in the world, announced Thursday that he would be stepping down as chief executive and president of the company.
Knight, who has been the company's only chief executive, notified the company's board of directors at its quarterly meeting in Beaverton, Ore., that he would resign his positions on Dec. 28. The 66-year-old will retain the title of chairman, ...
Read full story