By John McCarthy

Nike has invested a sizeable £19m in keeping chief executive Mark Parker in his position until 2020.

The US sports apparel group has looked to pin down its top man for another five years with the package which is ten times greater than his annual share bonus.

Parker has served in the position for almost a decade, after joining Nike early in 1979 as a shoe designer. The CEO proved his worth last year as shareholders saw sales jump by 14 per cent to $40.6bn.

Nike explained the bonus: “In view of the company’s strong performance under Mr Parker’s leadership and to Read full story ›

Source: The Drum