Nike Inc. co-founder Philip Knight, who helped transform a small-start up business into the world's biggest athletic shoe company, will step down as chief executive officer, the company said on Thursday.
Beaverton, Oregon-based Nike named William Perez, who ran privately-held consumer products company S.C. Johnson & Son Inc., as CEO and president effective Dec. 28. Knight, who will also give up his title of president, plans to remain chairman of the board.
Read more at Knight Steps Down as CEO
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