{"id":454060,"date":"2015-06-30T18:15:28","date_gmt":"2015-06-30T22:15:28","guid":{"rendered":"https:\/\/www.snkrsday.com\/?p=454060"},"modified":"2018-12-31T10:31:29","modified_gmt":"2018-12-31T15:31:29","slug":"nike-co-founder-phil-knight-to-step-down-as-chairman","status":"publish","type":"post","link":"https:\/\/www.snkrsday.com\/nike-co-founder-phil-knight-to-step-down-as-chairman\/","title":{"rendered":"Nike Co-Founder Phil Knight to Step Down as Chairman"},"content":{"rendered":"<p><strong>Phil Knight<\/strong>, 76, will step down as chairman of <strong>Nike<\/strong> and wants acting president and CEO Mark Parker to succeed him in that role. Knight, of course, co-founded the company back in 1968 and has acted as director since that time. He plans to step down from his role as chairman in 2016.<\/p>\n<p>This news is confirmed today following earlier reports that Knight planned to transfer $13.88 billion worth of his Nike stock into a new LLC entitled &#8220;Swoosh,&#8221; which turns out to be factual.&nbsp;It&#8217;s said that Knight will stay involved with the company. Mark Parker made this statement today with regards to Knight stepping down &#8211; &#8220;Phil founded Nike to serve athletes. That vision and inspiration continues to drive our success today around the world. I have been privileged to work with Phil for over 35 years, and Nike&#8217;s exceptional management team and I are committed to building on Phil\u2019s vision to drive the next era of growth for Nike.&#8221;<\/p>\n<p>Stay tuned for more news on this new development at Nike.<\/p>\n<p>Source: AP<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Phil Knight, 76, will step down as chairman of Nike and wants acting president and CEO Mark Parker to succeed&hellip;<\/p>\n","protected":false},"author":137731,"featured_media":454061,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[1206559,1225736,1205932],"cultivate_rss":[],"class_list":{"2":"type-post"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.0 (Yoast SEO v24.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nike Co-Founder Phil Knight to Step Down as Chairman | 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