Nike, one of the world’s most iconic sportswear brands, has seen incredible growth and success over the years. At the helm of this global giant is Elliott Hill, who took over as the President and Chief Executive Officer (CEO) of Nike, Inc. in October 2024. With decades of experience at Nike and a deep understanding of the company’s culture, Hill’s return as CEO marks a new chapter for the brand.
In this post, we’ll dive into Elliott Hill’s net worth, salary, and compensation package, along with insights into his leadership style and achievements. Whether you’re a business enthusiast or simply curious about the numbers behind the CEO of Nike, this article provides all the essential details in an easy-to-read format.
Who Is Elliott Hill?
Elliott Hill’s journey at Nike began in 1988, when he joined as an intern. Over the next three decades, he climbed the corporate ladder, holding 19 different roles within the company. His previous position before retiring in 2020 was President – Consumer and Marketplace, where he oversaw Nike’s largest brands, including the Jordan Brand, marketing operations, and all four of Nike’s geographic regions.
After a brief four-year hiatus, Hill returned to Nike in October 2024 to take on the role of CEO, succeeding John Donahoe. His return was part of a carefully planned succession process, reflecting Nike’s confidence in his leadership and vision.
Quick Facts About Elliott Hill
- Joined Nike: 1988 as an intern.
- Previous Role: President – Consumer and Marketplace (retired in 2020).
- CEO Appointment: October 2024.
- Residence: Portland, Oregon.
- Hobbies: Running, hiking, cycling, skiing, fly fishing, and baseball.
Elliott Hill’s Net Worth and Salary
As of 2025, Elliott Hill’s net worth is estimated at $50 million, driven by his decades-long career at Nike, stock options, and other leadership roles outside the company. His annual total compensation package as CEO of Nike is $27 million, making him one of the highest-paid executives in the sportswear industry.
Breakdown of Elliott Hill’s Compensation Package
Elliott Hill’s salary as Nike CEO is designed to reflect his expertise, leadership, and the company’s confidence in his ability to drive growth. Below is a detailed breakdown of his $27 million compensation package:
1. Equity and Cash Awards
- Value: $7 million.
- This portion of his compensation was awarded to “make him whole” for the compensation he left behind to rejoin Nike.
2. Long-Term Equity Incentives
- Value: $15.5 million.
- These incentives are tied to performance metrics, ensuring that Hill’s compensation aligns with Nike’s long-term success.
3. Performance-Based Compensation
- Includes a cash bonus (specific amount not disclosed) tied to key performance indicators (KPIs).
- Additional stock awards valued at up to $20 million, depending on performance.
Key Compensation Details Table
| Compensation Component | Amount | Details |
| Equity and Cash Awards | $7 million | To compensate for leaving prior roles and returning to Nike. |
| Long-Term Equity Incentives | $15.5 million | Tied to Nike’s performance metrics over time. |
| Performance-Based Compensation | Up to $20 million | Includes cash bonuses and additional stock awards based on company success. |
| Total Compensation Package | $27 million | Reflects Nike’s confidence in Hill’s leadership. |
How Does Elliott Hill’s Salary Compare to Other CEOs?
Elliott Hill’s $27 million compensation package puts him among the top earners in the sportswear and retail industries. Here’s how his salary compares to other prominent CEOs:
| CEO | Company | Annual Compensation |
| Elliott Hill | Nike | $27 million |
| Bjørn Gulden | Adidas | $18 million |
| Arthur Hoeld | Puma | $12 million |
| John Donahoe | Former Nike CEO | $25 million |
Hill’s compensation is higher than his counterparts at Adidas and Puma, reflecting Nike’s position as the industry leader and the expectations placed on him to continue driving growth and innovation.
Elliott Hill’s Leadership Philosophy
Elliott Hill is known for his entrepreneurial leadership style and deep connection to Nike’s brand and culture. His leadership philosophy revolves around:
Innovation and Consumer Connection
- Hill emphasizes the importance of connecting with consumers through innovation and storytelling. His previous role as President – Consumer and Marketplace gave him firsthand experience in understanding consumer needs and trends.
Teamwork and Collaboration
- Hill believes in fostering a collaborative work environment that empowers employees to contribute to Nike’s mission of inspiring athletes worldwide.
Sustainability and Social Responsibility
- Under Hill’s leadership, Nike is expected to accelerate its efforts in sustainability and social impact, aligning with the brand’s commitment to creating a better future.
Achievements and Goals as Nike CEO
Elliott Hill’s return to Nike as CEO comes at a critical time, with the company focusing on digital transformation, sustainability, and direct-to-consumer (DTC) growth. Some of his notable achievements and goals include:
1. Driving Digital Growth
Hill is committed to expanding Nike’s digital presence, building on the success of the Nike App and SNKRS platform. This includes leveraging technology to enhance the customer experience and drive online sales.
2. Expanding the DTC Strategy
Nike’s direct-to-consumer strategy has been a game-changer, allowing the company to build stronger relationships with customers while boosting profitability. Hill plans to further expand this model globally.
3. Sustainability Leadership
Hill is passionate about sustainability and aims to position Nike as a leader in eco-friendly practices. This includes reducing the company’s carbon footprint and developing innovative, sustainable products.
Personal Life and Interests
Elliott Hill lives in Portland, Oregon, with his wife, Gina, and their two children, Peyton and Austin. Outside of work, he is an avid sports enthusiast who enjoys running, hiking, cycling, skiing, and fly fishing.
Interestingly, Hill even founded a baseball team called the Austin Moontowers during his time away from Nike, showcasing his love for the sport and his entrepreneurial spirit.
FAQs About Elliott Hill’s Compensation
1. What is Elliott Hill’s net worth?
Elliott Hill’s estimated net worth is $50 million as of 2025, driven by his career at Nike and other leadership roles.
2. How much does Elliott Hill earn annually as Nike CEO?
Hill’s total annual compensation package is $27 million, including equity awards, performance-based incentives, and cash bonuses.
3. What are the key components of Elliott Hill’s salary?
His compensation includes $7 million in equity and cash awards, $15.5 million in long-term equity incentives, and additional performance-based bonuses.
4. How does Elliott Hill’s salary compare to other CEOs?
Hill’s compensation is higher than his counterparts at Adidas and Puma, reflecting Nike’s leadership position in the industry.
Conclusion
Elliott Hill’s return as Nike CEO marks an exciting new chapter for the company. With a $27 million compensation package and decades of experience, Hill is well-positioned to lead Nike through its next phase of growth and innovation.
His leadership philosophy, which emphasizes innovation, teamwork, and sustainability, aligns perfectly with Nike’s mission to inspire and serve athletes worldwide. As Nike continues to thrive under his guidance, Hill’s compensation reflects the company’s confidence in his ability to achieve long-term success.
Explore insights on the “Puma CEO Net Worth” and compare it with the “Adidas CEO Salary” to understand their positions within the industry.