Tomahawk, WI 06/23/2014 (Basicsmedia) – Online auctioneer eBay (NASDAQ:EBAY)’s chief executive officer John Donahoe would be inducted into the board of footwear maker Nike Inc (NYSE:NKE), which is looking more towards the usage of the Internet connected devices to lift its sales.
Joins Nike Board
The joining of Donahoe is expected to help the footwear manufacturer by bringing in his experience in the field of e-commerce since tapping them would yield significant results in the future sales of the company. There are a number of people who prefer to shop through online by using various smart devices and the e-commerce role plays a big role in stepping up the sales.
For over six years, Donahoe has been eBay Inc (NASDAQ:EBAY)’s CEO taking care of its online shopping site completely, besides the payment system of PayPal. He also served as CEO of Bain & Co before entering the online auctioneer company. He had been credited for turning around eBay when its stock plunged approximately 75% in 2005 – 2008. However, the shares of eBay rebounded to record 254% growth.
For improving sales at the retail level, it has become critical for any company to be engaged in e-commerce, and the value and the worth of it can be achieved by roping in such an experienced person like Donahoe. It could well be a win-win situation for both eBay, as well as, Nike in the days to come.
Commenting on the inducting of John Donahoe into its board, chairman of Nike Inc (NYSE:NKE) said that the online auctioneer CEO is undoubtedly an excellent addition to its board given the kind of experience he possesses, be it executive management or digital commerce, or technology, or marketing of worldwide brands and strategic planning.
Now, the table seems to have turned towards Nike Inc (NYSE:NKE) to make the best use of Donahoe experience on maximizing the available opportunities due to the mushrooming growth of smart devices such as tablets and smartphones. Donahoe is expected to support Nike’s long-term growth objectives too.