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Nike CEO John Donahoe is out, replaced by company veteran Elliott Hill

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Summary
Nutrition label

69% Informative

Nike CEO John Donahoe will step down on Oct. 13 but will remain on as an advisor through the end of January .

Company veteran Elliott Hill will take the helm of the sneaker giant.

Shares climbed 8% in extended trading Thursday .

Nike is in the midst of a broader restructuring after its shifted its strategy to sell directly to consumers.

VR Score

75

Informative language

75

Neutral language

69

Article tone

semi-formal

Language

English

Language complexity

39

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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