Elliott Hill has been appointed CEO of Nike, returning to lead the company with a compensation package of $27 million, slightly lower than his predecessor's.
Hill’s total compensation includes a base salary of $1.5 million, a potential bonus, stock options valued at $15.5 million, and additional cash and equity grants.
Although Hill is earning $2 million less than John Donahoe, he faces significant challenges ahead, including a strategy to cut $2 billion in costs.
With a long history at Nike starting as an intern in 1988, Hill's familiarity with the company may help him navigate the challenges ahead.
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