The AP is reporting that Nike co-founder Phil Knight has announced he’s stepping down at the age of 76. He leaves with the recommendation that Nike President and CEO Mark Parker succeed him as Chairman of the company. His son, Travis, was also given a spot on the board of directors today.

It’s not terribly surprising—he’s been building this company since 1968, is well past the standard age of retirement, and his current estimated net worth of 22.4 billion seems like a good stopping point. But it’s the end of an era nonetheless.

The one terrible photo of Knight on Wikimedia Commons. Given his companys litigious reputation, I dare not use anything else.

  • Neon Tommy
  • The one terrible photo of Knight on Wikimedia Commons. Given his company’s litigious reputation, I dare not use anything else.

Marjorie Skinner is the Portland Mercury's Managing Editor, author of the weekly Sold Out column chronicling the area's independent fashion and retail industry, and a frequent contributor to the film and...

3 replies on “Phil Knight to Leave Nike”

  2. My congrats to Knight. He built up a great company that gives many folks, me included, a opportunity to support Nike from the many offshoots they have provided for the local area.

    I still loves me some Adidas though.

  3. Here’s a man who single-handedly built an empire from making wearable advertisements and still found time to make sure each new shoe was uglier than the last. What a god damn legend.

Comments are closed.