Sunday, May 19, 2024
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Nike’s outgoing Chairman, Mark Parker, has been appointed as the new Chairman of the Walt Disney Company. Parker, who has been at the helm of the sportswear giant for 13 years, is credited with turning around the company’s fortunes and taking it to new heights. Under his leadership, Nike’s revenue grew by more than 50% and the company’s market capitalization more than doubled. Now, Parker will bring his expertise to Disney, where he will lead the media and entertainment giant in a time of rapid change and uncertainty in the industry.

Disney CEO Bob Chapek said in a statement, “Mark’s proven ability to drive innovation and growth makes him the ideal person to lead our Board and help Disney continue to deliver unparalleled entertainment experiences to audiences around the world.”

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