Nike’s CEO Just Joined Disney’s Board

Jan 12, 2016

Nike's CEO Mark Parker has joined Disney's board of directors, the company announced Tuesday.

Parker, who was named as Fortune's Businessperson of the Year in 2015, will stand for election at the March 3 annual meeting. Nike's (nke) board has 12 members.

"As CEO of Nike, Mark is widely recognized for driving the stellar growth of an industry-leading brand," said Disney CEO and chairman Robert A. Iger in a statement. "His keen insight into consumers and his broad experience in international markets make him a great fit for the Disney Board."

"I'm honored to be named a director of Disney," Parker said in a statement. "For decades, Disney has delivered truly elevated consumer experiences globally, inspiring generations with creativity and vision. I look forward to working with this team as the company continues to set its sights on the future."

Parker became CEO of Nike in 2006 and joined the company in 1979 as a footwear designer. The introverted runner was one of the first employees to be recruited from college to join the company, according to a Fortune profile from November.

Since becoming CEO, Parker has helped double revenues and profits.

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