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| Boilerpipe Text | Nikeâs chief executive, Elliott Hill, has set out to restore connections through his own style of corporate diplomacy.
Credit...
Photographs by Maria Contreras Coll and François Ollivier
Elliott Hill is traveling the globe to meet with leagues, teams and athletes to rebuild connections and spur a turnaround for the worldâs largest athletic-wear company.
Nikeâs chief executive, Elliott Hill, has set out to restore connections through his own style of corporate diplomacy.
Credit...
Photographs by Maria Contreras Coll and François Ollivier
Listen · 10:40 min
March 8, 2026
Elliott Hill, the chief executive of Nike, slipped quietly into a side entrance at the Stade Louis II in Monaco as cheers echoed through the concrete halls.
He wore a suit with a swoosh pinned on his lapel instead of his usual athletic wear to meet with Nasser Al-Khelaifi, the head of the Qatar sovereign wealth fundâs sports investment arm that owns the French soccer team Paris Saint-Germain.
Mr. Al-Khelaifi put his arm around Mr. Hillâs shoulder, and the two moved to the side to talk business. They discussed a potential deal, and the P.S.G. boss hinted that a player might sign with one of Nikeâs competitors. Then they headed upstairs to their seats to watch the team face off against A.S. Monaco on a brisk February evening.
âSince he arrived, he changed everything at Nike,â Mr. Al-Khelaifi said of Mr. Hill, who came out of retirement to take the job 15 months ago. âIt was tough before.â
In recent years, Nike lost its iron grip on the sports world, which had driven the companyâs sales and defined its brand. The company chose to chase sales in fashion, releasing new colors of existing shoes instead of coming up with the footwear breakthroughs for which Nike was known.
Relationships became strained with some of the leagues, teams, athletes and retailers that Nike worked with, amid complaints the company was neglecting them, according to people with knowledge of the situation. Major League Baseball players complained about the quality of its jerseys. At one point, its coveted uniform deal with the National Football League was at risk.
Mr. Hill, 62, is trying to restore those connections through his own style of corporate diplomacy, racing around the globe to meet with some of the sports worldâs most influential executives and athletes. The push is part of a broader plan aimed at digging Nike out of a lengthy sales rut.
Last month, Mr. Hill visited the Stade Louis II, a sports venue featuring soaring arches in Monaco, where some fans were sporting Nike gear.
Credit...
François Ollivier for The New York Times
Mr. Hill said he wanted to emulate the Nike co-founder Phil Knight, who at 88 remains the companyâs chairman emeritus. Mr. Knight personally helped recruit Mr. Hill, who had retired from Nike in 2020 as president of its consumer and marketplace division.
âIf you watch how Phil Knight ran the company, it always began with relationships with athletes,â Mr. Hill said. âAnd that now includes teams and leagues.â
In early February, he left Nike headquarters in Beaverton, Ore., on a 16-day journey, starting with Super Bowl week in San Francisco. Immediately after the game â which he watched with the N.F.L. commissioner, Roger Goodell â Mr. Hill flew to Italy for the Winter Olympics to meet with athletes including Chloe Kim, the American snowboarder, and Auston Matthews, the captain of the U.S. menâs hockey team.
Then he was off to Monaco to meet with the French soccer team, which has a uniform deal worth more than 80 million euros, or about $93 million, per year with Nike.
About 11 p.m., after the P.S.G. match, one of Mr. Hillâs executives told him they were invited to dinner with Mr. Al-Khelaifi. They were at Cipriani until 1 a.m.
An About-Face
Whether in a boardroom or a locker room, Mr. Hill, a Texan who was an athletic trainer for the Dallas Cowboys before interning at Nike in the 1980s, will turn on the charm with his polite Southern drawl. He will greet everyone in the room, billionaire or construction worker. People seem to like him, regardless of how well, or badly, the business is performing.
When Mr. Hill started as chief executive of Nike in 2024, the company was enduring one of the worst periods in its 60-year history.
His predecessor, the former eBay chief John Donahoe, had been brought on five years earlier to modernize Nikeâs e-commerce capabilities. Mr. Donahoe redirected sales to the companyâs online store while shutting out most of its retail partners. His first years were a rousing success: Nike broke $50 billion in revenue in the fiscal year that ended in May 2023.
But in that quest for growth, Nike drifted away from its sports connections. Product development slowed, and some top athletes such as Tiger Woods, Simone Biles and Nikola Jokic left for other brands.
By the end of 2023, the business had come apart. Sales fell as demand for its lifestyle sneakers, like Air Force 1s and Dunks, waned, and the company had few replacements. Management began a $2 billion cost-cutting plan that included laying off more than 1,600 corporate employees.
In June 2024, Nike had its worst day ever on the stock market after an abysmal earnings report, erasing over $28 billion in market value. Within four months, Mr. Donahoe was out.
âNike became one of the largest brands in the world by embracing others,â said Simeon Siegel, an analyst at Guggenheim Partners. âWhat happened in that era was an about-face. It was a desire to do more with less.â
Image
Mr. Hill, center, talking with Pere Romeu, the manager of F.C. Barcelonaâs womenâs team, after practice. Mr. Hill has declared soccer a top priority sport for Nike.
Credit...
Maria Contreras Coll for The New York Times
During Mr. Hillâs first days, he picked up the phone to tell Nikeâs closest partners â including Regis Schultz, who runs Finish Line owner J.D. Sports; Ed Stack, the chairman of Dickâs Sporting Goods; and Adam Silver, the commissioner of the National Basketball Association â that things would be different.
At the top of his list was Mr. Goodell. Nikeâs N.F.L. uniform deal was set to expire in 2027, and the league had opened bidding to Nikeâs competitors. Mr. Hill worked to lock down an extension, and within two months, the company signed a new deal running through 2038.
Mr. Hill restructured the entire Nike organization around sports. Internal teams that had been split by menâs and womenâs businesses instead realigned around individual sports, like tennis, golf or skateboarding. Each division owns its relationships with its sportâs community and works directly with its elite athletes.
He also cut a small number of corporate staff last year and slashed nearly 800 jobs at distribution centers.
âYou never want to have to go through any sort of layoffs, but to re-center the company, weâre doing some of that,â Mr. Hill said.
There has been some progress. Sales rose 1 percent in Nikeâs most recent quarter, with strong performance in North America.
Top Priorities
Image
Mr. Hill, left, met with the F.C. Barcelona star Pablo Gavi, riding a stationary bike, at a team facility in Spain.
Credit...
Maria Contreras Coll for The New York Times
The morning after his late dinner in Monaco, Mr. Hill arrived at F.C. Barcelonaâs facility in Sant Joan DespĂ, just outside the city. Pere Romeu, the manager of the womenâs soccer team, spoke with him on the practice pitch as the team finished training. They gave him a signed jersey and posed for photos.
Mr. Hill has declared soccer a top priority sport, alongside basketball and running. Barcelonaâs team, like P.S.G., is one of Nikeâs critical deals, giving it a strong presence among the worldâs most prestigious squads.
He walked to another field to meet Pablo Gavira, known as Gavi, a star on the Barcelona menâs team, and used the bits of Spanish he had picked up over the years to quiz the 21-year-old midfielder about his custom blue Nike boots. Mr. Hill tried to glean technical insights straight from one of the best young players in the world. How is the toe room? Is there proper traction on the surface?
But Gavi didnât care: âHe loves the color,â Mr. Hill said. âHe said, âIf you look good, you play good.ââ
He veered off to shake hands with more Barcelona players. âAlways an opportunity to flip somebody to the swoosh,â he quipped.
The next meeting was with Alexia Putellas, one of the worldâs top soccer
players, outside the youth academy she attended as a child.
Mr. Hill also met with Alexia Putellas, who has her own Nike football boot, at the F.C. Barcelona facility.
Credit...
Maria Contreras Coll for The New York Times
Ms. Putellas, 32, may be one of Nikeâs most integral sports figures in the coming years. She has her own edition of a Nike soccer boot, the Phantom 6, adorned with her own logo. For her, the companyâs support is crucial, and sheâs constantly in contact with Nike executives about her brand.
âWhen I have an idea, I call and we share some ideas about my journey, or my project, or the club,â Ms. Putellas said. âMaybe once per week, minimum.â
The stadium where Barcelonaâs teams play, Spotify Camp Nou, is undergoing a âŹ1.5 billion renovation, and Mr. Hill was treated like an ambassador when he arrived.
Barcelonaâs interim president, Rafa Yuste, greeted him with a speech in a reception suite and staff served hors dâoeuvres of foie gras and cannelloni.
Mr. Hillâs final stop was a Nike flagship store. This one was covered in images of Ms. Putellas and a giant queen chess piece, a nod to her nickname: La Reina.
A Tight Bond With Jordan
Image
Mr. Hill visited Camp Nou, F.C. Barcelonaâs home stadium, last month. He has declared soccer to be a top priority sport for Nike.
Credit...
Maria Contreras Coll for The New York Times
Nike sponsors thousands of athletes. Then there is Michael Jordan.
The billionaire basketball legendâs brand, now more than 40 years old, generates more than $7 billion in annual revenue and is a crucial business for Nike.
Mr. Hill meets with Mr. Jordan every three months to discuss plans. Executives present a performance update and share plans. Then perhaps the pair have dinner or visit Mr. Jordanâs private golf course.
âI texted him on his birthday,â Mr. Hill said while scrolling through his phone for evidence. âI try to send little notes to athletes just so they know that Iâm watching whatâs happening in their world.â
Mr. Jordan, 63, said in an email that Mr. Hill had been a longtime supporter of the brand and that he is what Nike needed. âWhat sets Elliott apart is his ability to build trust â with athletes, partners and people on the ground around the world.â
Nike maintains contracts and relationships with current and retired superstars in most of its sports, with Cristiano Ronaldo in soccer, Serena Williams in tennis, Mike Trout in baseball and Paul Rodriguez in skateboarding.
But in basketball, where Nike dominates with a roster that includes LeBron James, Kevin Durant and Victor Wembanyama, all eyes are on its relationship with the Indiana Feverâs Caitlin Clark.
Ms. Clark will soon enter her third W.N.B.A. season and hasnât released a signature shoe with Nike. But one is set to debut sometime this year, in what will be a high-stakes moment. Nike designers worked with Ms. Clark for over a year to
develop the sneaker
.
Mr. Hill said itâs vital that his products win. Even at the Winter Olympics, where so few events involve sneakers, he lamented that so many of the bobsledders wore footwear â essentially track spikes adapted for running on ice â made by On.
The situation is most urgent in running. With intense competition from brands like Hoka and Asics, the company that invented the âsuper shoeâ with carbon fiber plates for long-distance runners has fallen off. Last year, runners in Nike shoes won only two of the major marathons. Adidas athletes won seven.
As he returned to the Barcelona streets, he surveyed the shoes of passers-by to tally the brands on their feet.
âJust like in sport, we keep score,â he said.
Kim Bhasin is a business reporter covering the retail industry for The Times.
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# 24 Hours With Nikeâs C.E.O. as He Races to Win Back the Sports World
Elliott Hill is traveling the globe to meet with leagues, teams and athletes to rebuild connections and spur a turnaround for the worldâs largest athletic-wear company.
Nikeâs chief executive, Elliott Hill, has set out to restore connections through his own style of corporate diplomacy.Credit...Photographs by Maria Contreras Coll and François Ollivier
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[](https://www.nytimes.com/by/kim-bhasin)
By [Kim Bhasin](https://www.nytimes.com/by/kim-bhasin)
Reporting from Monaco; Barcelona, Spain; and San Francisco
- March 8, 2026
Elliott Hill, the chief executive of Nike, slipped quietly into a side entrance at the Stade Louis II in Monaco as cheers echoed through the concrete halls.
He wore a suit with a swoosh pinned on his lapel instead of his usual athletic wear to meet with Nasser Al-Khelaifi, the head of the Qatar sovereign wealth fundâs sports investment arm that owns the French soccer team Paris Saint-Germain.
Mr. Al-Khelaifi put his arm around Mr. Hillâs shoulder, and the two moved to the side to talk business. They discussed a potential deal, and the P.S.G. boss hinted that a player might sign with one of Nikeâs competitors. Then they headed upstairs to their seats to watch the team face off against A.S. Monaco on a brisk February evening.
âSince he arrived, he changed everything at Nike,â Mr. Al-Khelaifi said of Mr. Hill, who came out of retirement to take the job 15 months ago. âIt was tough before.â
In recent years, Nike lost its iron grip on the sports world, which had driven the companyâs sales and defined its brand. The company chose to chase sales in fashion, releasing new colors of existing shoes instead of coming up with the footwear breakthroughs for which Nike was known.
Relationships became strained with some of the leagues, teams, athletes and retailers that Nike worked with, amid complaints the company was neglecting them, according to people with knowledge of the situation. Major League Baseball players complained about the quality of its jerseys. At one point, its coveted uniform deal with the National Football League was at risk.
Mr. Hill, 62, is trying to restore those connections through his own style of corporate diplomacy, racing around the globe to meet with some of the sports worldâs most influential executives and athletes. The push is part of a broader plan aimed at digging Nike out of a lengthy sales rut.



Last month, Mr. Hill visited the Stade Louis II, a sports venue featuring soaring arches in Monaco, where some fans were sporting Nike gear.Credit...François Ollivier for The New York Times
Mr. Hill said he wanted to emulate the Nike co-founder Phil Knight, who at 88 remains the companyâs chairman emeritus. Mr. Knight personally helped recruit Mr. Hill, who had retired from Nike in 2020 as president of its consumer and marketplace division.
âIf you watch how Phil Knight ran the company, it always began with relationships with athletes,â Mr. Hill said. âAnd that now includes teams and leagues.â
In early February, he left Nike headquarters in Beaverton, Ore., on a 16-day journey, starting with Super Bowl week in San Francisco. Immediately after the game â which he watched with the N.F.L. commissioner, Roger Goodell â Mr. Hill flew to Italy for the Winter Olympics to meet with athletes including Chloe Kim, the American snowboarder, and Auston Matthews, the captain of the U.S. menâs hockey team.
Then he was off to Monaco to meet with the French soccer team, which has a uniform deal worth more than 80 million euros, or about \$93 million, per year with Nike.
About 11 p.m., after the P.S.G. match, one of Mr. Hillâs executives told him they were invited to dinner with Mr. Al-Khelaifi. They were at Cipriani until 1 a.m.
## An About-Face
Whether in a boardroom or a locker room, Mr. Hill, a Texan who was an athletic trainer for the Dallas Cowboys before interning at Nike in the 1980s, will turn on the charm with his polite Southern drawl. He will greet everyone in the room, billionaire or construction worker. People seem to like him, regardless of how well, or badly, the business is performing.
When Mr. Hill started as chief executive of Nike in 2024, the company was enduring one of the worst periods in its 60-year history.
His predecessor, the former eBay chief John Donahoe, had been brought on five years earlier to modernize Nikeâs e-commerce capabilities. Mr. Donahoe redirected sales to the companyâs online store while shutting out most of its retail partners. His first years were a rousing success: Nike broke \$50 billion in revenue in the fiscal year that ended in May 2023.
But in that quest for growth, Nike drifted away from its sports connections. Product development slowed, and some top athletes such as Tiger Woods, Simone Biles and Nikola Jokic left for other brands.
By the end of 2023, the business had come apart. Sales fell as demand for its lifestyle sneakers, like Air Force 1s and Dunks, waned, and the company had few replacements. Management began a \$2 billion cost-cutting plan that included laying off more than 1,600 corporate employees.
In June 2024, Nike had its worst day ever on the stock market after an abysmal earnings report, erasing over \$28 billion in market value. Within four months, Mr. Donahoe was out.
âNike became one of the largest brands in the world by embracing others,â said Simeon Siegel, an analyst at Guggenheim Partners. âWhat happened in that era was an about-face. It was a desire to do more with less.â
Image

Mr. Hill, center, talking with Pere Romeu, the manager of F.C. Barcelonaâs womenâs team, after practice. Mr. Hill has declared soccer a top priority sport for Nike.Credit...Maria Contreras Coll for The New York Times
During Mr. Hillâs first days, he picked up the phone to tell Nikeâs closest partners â including Regis Schultz, who runs Finish Line owner J.D. Sports; Ed Stack, the chairman of Dickâs Sporting Goods; and Adam Silver, the commissioner of the National Basketball Association â that things would be different.
At the top of his list was Mr. Goodell. Nikeâs N.F.L. uniform deal was set to expire in 2027, and the league had opened bidding to Nikeâs competitors. Mr. Hill worked to lock down an extension, and within two months, the company signed a new deal running through 2038.
Mr. Hill restructured the entire Nike organization around sports. Internal teams that had been split by menâs and womenâs businesses instead realigned around individual sports, like tennis, golf or skateboarding. Each division owns its relationships with its sportâs community and works directly with its elite athletes.
He also cut a small number of corporate staff last year and slashed nearly 800 jobs at distribution centers.
âYou never want to have to go through any sort of layoffs, but to re-center the company, weâre doing some of that,â Mr. Hill said.
There has been some progress. Sales rose 1 percent in Nikeâs most recent quarter, with strong performance in North America.
## Top Priorities
Image
Mr. Hill, left, met with the F.C. Barcelona star Pablo Gavi, riding a stationary bike, at a team facility in Spain.Credit...Maria Contreras Coll for The New York Times
The morning after his late dinner in Monaco, Mr. Hill arrived at F.C. Barcelonaâs facility in Sant Joan DespĂ, just outside the city. Pere Romeu, the manager of the womenâs soccer team, spoke with him on the practice pitch as the team finished training. They gave him a signed jersey and posed for photos.
Mr. Hill has declared soccer a top priority sport, alongside basketball and running. Barcelonaâs team, like P.S.G., is one of Nikeâs critical deals, giving it a strong presence among the worldâs most prestigious squads.
He walked to another field to meet Pablo Gavira, known as Gavi, a star on the Barcelona menâs team, and used the bits of Spanish he had picked up over the years to quiz the 21-year-old midfielder about his custom blue Nike boots. Mr. Hill tried to glean technical insights straight from one of the best young players in the world. How is the toe room? Is there proper traction on the surface?
But Gavi didnât care: âHe loves the color,â Mr. Hill said. âHe said, âIf you look good, you play good.ââ
He veered off to shake hands with more Barcelona players. âAlways an opportunity to flip somebody to the swoosh,â he quipped.
The next meeting was with Alexia Putellas, one of the worldâs top soccerplayers, outside the youth academy she attended as a child.



Mr. Hill also met with Alexia Putellas, who has her own Nike football boot, at the F.C. Barcelona facility.Credit...Maria Contreras Coll for The New York Times
Ms. Putellas, 32, may be one of Nikeâs most integral sports figures in the coming years. She has her own edition of a Nike soccer boot, the Phantom 6, adorned with her own logo. For her, the companyâs support is crucial, and sheâs constantly in contact with Nike executives about her brand.
âWhen I have an idea, I call and we share some ideas about my journey, or my project, or the club,â Ms. Putellas said. âMaybe once per week, minimum.â
The stadium where Barcelonaâs teams play, Spotify Camp Nou, is undergoing a âŹ1.5 billion renovation, and Mr. Hill was treated like an ambassador when he arrived.
Barcelonaâs interim president, Rafa Yuste, greeted him with a speech in a reception suite and staff served hors dâoeuvres of foie gras and cannelloni.
Mr. Hillâs final stop was a Nike flagship store. This one was covered in images of Ms. Putellas and a giant queen chess piece, a nod to her nickname: La Reina.
## A Tight Bond With Jordan
Image
Mr. Hill visited Camp Nou, F.C. Barcelonaâs home stadium, last month. He has declared soccer to be a top priority sport for Nike.Credit...Maria Contreras Coll for The New York Times
Nike sponsors thousands of athletes. Then there is Michael Jordan.
The billionaire basketball legendâs brand, now more than 40 years old, generates more than \$7 billion in annual revenue and is a crucial business for Nike.
Mr. Hill meets with Mr. Jordan every three months to discuss plans. Executives present a performance update and share plans. Then perhaps the pair have dinner or visit Mr. Jordanâs private golf course.
âI texted him on his birthday,â Mr. Hill said while scrolling through his phone for evidence. âI try to send little notes to athletes just so they know that Iâm watching whatâs happening in their world.â
Mr. Jordan, 63, said in an email that Mr. Hill had been a longtime supporter of the brand and that he is what Nike needed. âWhat sets Elliott apart is his ability to build trust â with athletes, partners and people on the ground around the world.â
Nike maintains contracts and relationships with current and retired superstars in most of its sports, with Cristiano Ronaldo in soccer, Serena Williams in tennis, Mike Trout in baseball and Paul Rodriguez in skateboarding.
But in basketball, where Nike dominates with a roster that includes LeBron James, Kevin Durant and Victor Wembanyama, all eyes are on its relationship with the Indiana Feverâs Caitlin Clark.
Ms. Clark will soon enter her third W.N.B.A. season and hasnât released a signature shoe with Nike. But one is set to debut sometime this year, in what will be a high-stakes moment. Nike designers worked with Ms. Clark for over a year to [develop the sneaker](https://www.nytimes.com/2025/05/08/business/wnba-aja-wilson-nike-shoe.html).
Mr. Hill said itâs vital that his products win. Even at the Winter Olympics, where so few events involve sneakers, he lamented that so many of the bobsledders wore footwear â essentially track spikes adapted for running on ice â made by On.
The situation is most urgent in running. With intense competition from brands like Hoka and Asics, the company that invented the âsuper shoeâ with carbon fiber plates for long-distance runners has fallen off. Last year, runners in Nike shoes won only two of the major marathons. Adidas athletes won seven.
As he returned to the Barcelona streets, he surveyed the shoes of passers-by to tally the brands on their feet.
âJust like in sport, we keep score,â he said.
Kim Bhasin is a business reporter covering the retail industry for The Times.
See more on: [adidas A.G.](https://www.nytimes.com/topic/company/adidas-ag), [F.C. Barcelona](https://www.nytimes.com/topic/organization/fc-barcelona), [NIKE Inc.](https://www.nytimes.com/topic/company/nike-inc), [National Football League](https://www.nytimes.com/topic/organization/national-football-league)
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| Readable Markdown | Nikeâs chief executive, Elliott Hill, has set out to restore connections through his own style of corporate diplomacy.Credit...Photographs by Maria Contreras Coll and François Ollivier
Elliott Hill is traveling the globe to meet with leagues, teams and athletes to rebuild connections and spur a turnaround for the worldâs largest athletic-wear company.
Nikeâs chief executive, Elliott Hill, has set out to restore connections through his own style of corporate diplomacy.Credit...Photographs by Maria Contreras Coll and François Ollivier
Listen · 10:40 min
- March 8, 2026
Elliott Hill, the chief executive of Nike, slipped quietly into a side entrance at the Stade Louis II in Monaco as cheers echoed through the concrete halls.
He wore a suit with a swoosh pinned on his lapel instead of his usual athletic wear to meet with Nasser Al-Khelaifi, the head of the Qatar sovereign wealth fundâs sports investment arm that owns the French soccer team Paris Saint-Germain.
Mr. Al-Khelaifi put his arm around Mr. Hillâs shoulder, and the two moved to the side to talk business. They discussed a potential deal, and the P.S.G. boss hinted that a player might sign with one of Nikeâs competitors. Then they headed upstairs to their seats to watch the team face off against A.S. Monaco on a brisk February evening.
âSince he arrived, he changed everything at Nike,â Mr. Al-Khelaifi said of Mr. Hill, who came out of retirement to take the job 15 months ago. âIt was tough before.â
In recent years, Nike lost its iron grip on the sports world, which had driven the companyâs sales and defined its brand. The company chose to chase sales in fashion, releasing new colors of existing shoes instead of coming up with the footwear breakthroughs for which Nike was known.
Relationships became strained with some of the leagues, teams, athletes and retailers that Nike worked with, amid complaints the company was neglecting them, according to people with knowledge of the situation. Major League Baseball players complained about the quality of its jerseys. At one point, its coveted uniform deal with the National Football League was at risk.
Mr. Hill, 62, is trying to restore those connections through his own style of corporate diplomacy, racing around the globe to meet with some of the sports worldâs most influential executives and athletes. The push is part of a broader plan aimed at digging Nike out of a lengthy sales rut.
Last month, Mr. Hill visited the Stade Louis II, a sports venue featuring soaring arches in Monaco, where some fans were sporting Nike gear.Credit...François Ollivier for The New York Times
Mr. Hill said he wanted to emulate the Nike co-founder Phil Knight, who at 88 remains the companyâs chairman emeritus. Mr. Knight personally helped recruit Mr. Hill, who had retired from Nike in 2020 as president of its consumer and marketplace division.
âIf you watch how Phil Knight ran the company, it always began with relationships with athletes,â Mr. Hill said. âAnd that now includes teams and leagues.â
In early February, he left Nike headquarters in Beaverton, Ore., on a 16-day journey, starting with Super Bowl week in San Francisco. Immediately after the game â which he watched with the N.F.L. commissioner, Roger Goodell â Mr. Hill flew to Italy for the Winter Olympics to meet with athletes including Chloe Kim, the American snowboarder, and Auston Matthews, the captain of the U.S. menâs hockey team.
Then he was off to Monaco to meet with the French soccer team, which has a uniform deal worth more than 80 million euros, or about \$93 million, per year with Nike.
About 11 p.m., after the P.S.G. match, one of Mr. Hillâs executives told him they were invited to dinner with Mr. Al-Khelaifi. They were at Cipriani until 1 a.m.
## An About-Face
Whether in a boardroom or a locker room, Mr. Hill, a Texan who was an athletic trainer for the Dallas Cowboys before interning at Nike in the 1980s, will turn on the charm with his polite Southern drawl. He will greet everyone in the room, billionaire or construction worker. People seem to like him, regardless of how well, or badly, the business is performing.
When Mr. Hill started as chief executive of Nike in 2024, the company was enduring one of the worst periods in its 60-year history.
His predecessor, the former eBay chief John Donahoe, had been brought on five years earlier to modernize Nikeâs e-commerce capabilities. Mr. Donahoe redirected sales to the companyâs online store while shutting out most of its retail partners. His first years were a rousing success: Nike broke \$50 billion in revenue in the fiscal year that ended in May 2023.
But in that quest for growth, Nike drifted away from its sports connections. Product development slowed, and some top athletes such as Tiger Woods, Simone Biles and Nikola Jokic left for other brands.
By the end of 2023, the business had come apart. Sales fell as demand for its lifestyle sneakers, like Air Force 1s and Dunks, waned, and the company had few replacements. Management began a \$2 billion cost-cutting plan that included laying off more than 1,600 corporate employees.
In June 2024, Nike had its worst day ever on the stock market after an abysmal earnings report, erasing over \$28 billion in market value. Within four months, Mr. Donahoe was out.
âNike became one of the largest brands in the world by embracing others,â said Simeon Siegel, an analyst at Guggenheim Partners. âWhat happened in that era was an about-face. It was a desire to do more with less.â
Image

Mr. Hill, center, talking with Pere Romeu, the manager of F.C. Barcelonaâs womenâs team, after practice. Mr. Hill has declared soccer a top priority sport for Nike.Credit...Maria Contreras Coll for The New York Times
During Mr. Hillâs first days, he picked up the phone to tell Nikeâs closest partners â including Regis Schultz, who runs Finish Line owner J.D. Sports; Ed Stack, the chairman of Dickâs Sporting Goods; and Adam Silver, the commissioner of the National Basketball Association â that things would be different.
At the top of his list was Mr. Goodell. Nikeâs N.F.L. uniform deal was set to expire in 2027, and the league had opened bidding to Nikeâs competitors. Mr. Hill worked to lock down an extension, and within two months, the company signed a new deal running through 2038.
Mr. Hill restructured the entire Nike organization around sports. Internal teams that had been split by menâs and womenâs businesses instead realigned around individual sports, like tennis, golf or skateboarding. Each division owns its relationships with its sportâs community and works directly with its elite athletes.
He also cut a small number of corporate staff last year and slashed nearly 800 jobs at distribution centers.
âYou never want to have to go through any sort of layoffs, but to re-center the company, weâre doing some of that,â Mr. Hill said.
There has been some progress. Sales rose 1 percent in Nikeâs most recent quarter, with strong performance in North America.
## Top Priorities
Image
Mr. Hill, left, met with the F.C. Barcelona star Pablo Gavi, riding a stationary bike, at a team facility in Spain.Credit...Maria Contreras Coll for The New York Times
The morning after his late dinner in Monaco, Mr. Hill arrived at F.C. Barcelonaâs facility in Sant Joan DespĂ, just outside the city. Pere Romeu, the manager of the womenâs soccer team, spoke with him on the practice pitch as the team finished training. They gave him a signed jersey and posed for photos.
Mr. Hill has declared soccer a top priority sport, alongside basketball and running. Barcelonaâs team, like P.S.G., is one of Nikeâs critical deals, giving it a strong presence among the worldâs most prestigious squads.
He walked to another field to meet Pablo Gavira, known as Gavi, a star on the Barcelona menâs team, and used the bits of Spanish he had picked up over the years to quiz the 21-year-old midfielder about his custom blue Nike boots. Mr. Hill tried to glean technical insights straight from one of the best young players in the world. How is the toe room? Is there proper traction on the surface?
But Gavi didnât care: âHe loves the color,â Mr. Hill said. âHe said, âIf you look good, you play good.ââ
He veered off to shake hands with more Barcelona players. âAlways an opportunity to flip somebody to the swoosh,â he quipped.
The next meeting was with Alexia Putellas, one of the worldâs top soccerplayers, outside the youth academy she attended as a child.
Mr. Hill also met with Alexia Putellas, who has her own Nike football boot, at the F.C. Barcelona facility.Credit...Maria Contreras Coll for The New York Times
Ms. Putellas, 32, may be one of Nikeâs most integral sports figures in the coming years. She has her own edition of a Nike soccer boot, the Phantom 6, adorned with her own logo. For her, the companyâs support is crucial, and sheâs constantly in contact with Nike executives about her brand.
âWhen I have an idea, I call and we share some ideas about my journey, or my project, or the club,â Ms. Putellas said. âMaybe once per week, minimum.â
The stadium where Barcelonaâs teams play, Spotify Camp Nou, is undergoing a âŹ1.5 billion renovation, and Mr. Hill was treated like an ambassador when he arrived.
Barcelonaâs interim president, Rafa Yuste, greeted him with a speech in a reception suite and staff served hors dâoeuvres of foie gras and cannelloni.
Mr. Hillâs final stop was a Nike flagship store. This one was covered in images of Ms. Putellas and a giant queen chess piece, a nod to her nickname: La Reina.
## A Tight Bond With Jordan
Image
Mr. Hill visited Camp Nou, F.C. Barcelonaâs home stadium, last month. He has declared soccer to be a top priority sport for Nike.Credit...Maria Contreras Coll for The New York Times
Nike sponsors thousands of athletes. Then there is Michael Jordan.
The billionaire basketball legendâs brand, now more than 40 years old, generates more than \$7 billion in annual revenue and is a crucial business for Nike.
Mr. Hill meets with Mr. Jordan every three months to discuss plans. Executives present a performance update and share plans. Then perhaps the pair have dinner or visit Mr. Jordanâs private golf course.
âI texted him on his birthday,â Mr. Hill said while scrolling through his phone for evidence. âI try to send little notes to athletes just so they know that Iâm watching whatâs happening in their world.â
Mr. Jordan, 63, said in an email that Mr. Hill had been a longtime supporter of the brand and that he is what Nike needed. âWhat sets Elliott apart is his ability to build trust â with athletes, partners and people on the ground around the world.â
Nike maintains contracts and relationships with current and retired superstars in most of its sports, with Cristiano Ronaldo in soccer, Serena Williams in tennis, Mike Trout in baseball and Paul Rodriguez in skateboarding.
But in basketball, where Nike dominates with a roster that includes LeBron James, Kevin Durant and Victor Wembanyama, all eyes are on its relationship with the Indiana Feverâs Caitlin Clark.
Ms. Clark will soon enter her third W.N.B.A. season and hasnât released a signature shoe with Nike. But one is set to debut sometime this year, in what will be a high-stakes moment. Nike designers worked with Ms. Clark for over a year to [develop the sneaker](https://www.nytimes.com/2025/05/08/business/wnba-aja-wilson-nike-shoe.html).
Mr. Hill said itâs vital that his products win. Even at the Winter Olympics, where so few events involve sneakers, he lamented that so many of the bobsledders wore footwear â essentially track spikes adapted for running on ice â made by On.
The situation is most urgent in running. With intense competition from brands like Hoka and Asics, the company that invented the âsuper shoeâ with carbon fiber plates for long-distance runners has fallen off. Last year, runners in Nike shoes won only two of the major marathons. Adidas athletes won seven.
As he returned to the Barcelona streets, he surveyed the shoes of passers-by to tally the brands on their feet.
âJust like in sport, we keep score,â he said.
Kim Bhasin is a business reporter covering the retail industry for The Times.
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