BEAVERTON, Ore. (AP) — Nike Inc. said Thursday it has named Elliott Hill as its president and CEO, replacing John Donahoe, who will retire next month.
Hill is returning to the company from which retired in 2020. He previously held leadership positions at the sportswear giant across Europe and North America. Before his retirement, he served as the president of consumer and marketplace operations for Nike and the Jordan brand.
Nike's sales have weakened recently and its stock is down about 24% year-to-date. In its most recent quarter, which ended on May 31, the company reported a 2% revenue decline. Donahoe said at the time that the company is approaching its “near-term challenges head-on, while making continued progress in the areas that matter most to Nike's future.”
In February, the company based in Beaverton, Oregon, announced it was cutting 2% of its global workforce, or little over 1,600 jobs, aiming to cut costs and reinvest the savings into what it sees as big growth areas like sport, health and wellness.
Nike's stock jumped almost 8% following the announcement, which came after the close of regular-session trading on Wall Street.
File - The Nike logo is shown on a store in Miami Beach, Fla. on Aug. 8, 2017. (AP Photo/Alan Diaz, File)
LOS ANGELES (AP) — Shohei Ohtani rewrote the record book during his first season with the Los Angeles Dodgers. Now, he's getting a chance to make more history in his highly anticipated playoff debut.
Ohtani hit a tying, three-run homer with two outs in the second inning to help Los Angeles win its Division Series opener Saturday night. The Dodgers went on to a 7-5 victory over the San Diego Padres, a team they battled down to the wire before earning their 11th NL West title in 12 years.
“When he does get those opportunities, you feel like he's going to cash them in,” Dodgers manager Dave Roberts said.
The Japanese superstar sent a 2-1 pitch from Dylan Cease into right field for a 372-foot shot that had the sellout crowd of 53,028 — including actors Brad Pitt and Rob Lowe — on its feet.
“I could really feel the intensity of the stadium before the game began and I thoroughly enjoyed it,” Ohtani said through an interpreter.
He finished 2 for 5 with three RBIs, two runs scored and two strikeouts as 88-year-old Hall of Fame pitcher Sandy Koufax looked on from behind home plate.
“It was pretty exciting,” Ohtani said.
He flied out to left in his first at-bat.
“The focus was really on just having my swing, the quality at-bat that I look for despite being in an excited, high-intensity environment,” Ohtani said. “Although I was out that at-bat, I felt pretty good and wanted to carry that on throughout the other at-bats.”
The Padres had taken a 3-0 lead in the first against Yoshinobu Yamamoto, Ohtani's countryman who is also making his postseason debut in the National League Division Series.
Ohtani, who batted .310 during the regular season, drove in Will Smith, who walked, and Gavin Lux, who singled, to make it 3-3.
San Diego went ahead 5-3 before the Dodgers rallied with three runs in the fourth. Ohtani had a broken-bat single and later scored, along with Mookie Betts, on Teoscar Hernández's single that gave the Dodgers their first lead, 6-5.
“It's really difficult for a playoff team to be able to get into and feel comfortable playing in the first game of the postseason, especially with the long layoff, but I think everyone really contributed,” Ohtani said.
Ohtani is getting his first chance on the October stage after spending the past six years with the Los Angeles Angels, who never had a winning record during his tenure.
He signed a record $700 million, 10-year deal with the Dodgers as a free agent in December. The two-way phenom didn’t pitch this season while rehabbing from a second major elbow surgery. That allowed him to focus on his offense, and he became the first major league player with 50 homers and 50 stolen bases in a season.
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Los Angeles Dodgers' Shohei Ohtani, left, celebrates with manager Dave Roberts after the Dodgers defeated the San Diego Padres in Game 1 of baseball's NL Division Series, Saturday, Oct. 5, 2024, in Los Angeles. (AP Photo/Ashley Landis)
Los Angeles Dodgers' Shohei Ohtani reacts as he rounds first base following his three-run home run during the second inning in Game 1 of baseball's NL Division Series against the San Diego Padres, Saturday, Oct. 5, 2024, in Los Angeles. (AP Photo/Mark J. Terrill)
Los Angeles Dodgers' Shohei Ohtani watches his three-run home run during the second inning in Game 1 of baseball's NL Division Series against the San Diego Padres, Saturday, Oct. 5, 2024, in Los Angeles. (AP Photo/Ashley Landis)
Los Angeles Dodgers' Shohei Ohtani breaks his bat as he singles during the fourth inning in Game 1 of baseball's NL Division Series against the San Diego Padres, Saturday, Oct. 5, 2024, in Los Angeles. (AP Photo/Ashley Landis)
Los Angeles Dodgers' Shohei Ohtani (17) celebrates with manager Dave Roberts, middle right, after Ohtani scored on a single by Teoscar Hernández during the fourth inning in Game 1 of baseball's NL Division Series against the San Diego Padres, Saturday, Oct. 5, 2024, in Los Angeles. (AP Photo/Mark J. Terrill)
Los Angeles Dodgers' Shohei Ohtani, middle, celebrates with teammates in the dugout after hitting a three-run home run during the second inning in Game 1 of baseball's NL Division Series against the San Diego Padres, Saturday, Oct. 5, 2024, in Los Angeles. (AP Photo/Ashley Landis)
Los Angeles Dodgers' Shohei Ohtani reacts after hitting a three-run home run during the second inning in Game 1 of baseball's NL Division Series against the San Diego Padres, Saturday, Oct. 5, 2024, in Los Angeles. (AP Photo/Mark J. Terrill)
Los Angeles Dodgers' Shohei Ohtani runs from second to third base during the fourth inning in Game 1 of baseball's NL Division Series against the San Diego Padres, Saturday, Oct. 5, 2024, in Los Angeles. (AP Photo/Mark J. Terrill)
Los Angeles Dodgers' Shohei Ohtani flies out against the San Diego Padres during the first inning in Game 1 of baseball's NL Division Series Saturday, Oct. 5, 2024, in Los Angeles. (AP Photo/Ashley Landis)
Los Angeles Dodgers' Shohei Ohtani (17) bumps fists with teammates before Game 1 of baseball's NL Division Series against the San Diego Padres, Saturday, Oct. 5, 2024, in Los Angeles. (AP Photo/Ashley Landis)
Los Angeles Dodgers' Shohei Ohtani, right, waits for the start of Game 1 of baseball's NL Division Series against the San Diego Padres, Saturday, Oct. 5, 2024, in Los Angeles. (AP Photo/Ashley Landis)
Los Angeles Dodgers' Shohei Ohtani walks back to the dugout before Game 1 of baseball's NL Division Series against the San Diego Padres, Saturday, Oct. 5, 2024, in Los Angeles. (AP Photo/Ashley Landis)
Los Angeles Dodgers' Shohei Ohtani flies out against the San Diego Padres during the first inning in Game 1 of baseball's NL Division Series Saturday, Oct. 5, 2024, in Los Angeles. (AP Photo/Ashley Landis)