Nike prepares to set starting gun in race for new CEO

The race to run the world’s biggest sports brand is now a three-way contest.

Nike chief executive officer Mark Parker isn’t going anywhere just yet, but an April shakeup in the executive ranks has set off speculation that an internal battle is brewing for the opportunity to succeed him.

The payoff: a chance to lead an iconic company whose sales are expected to grow to $50bn (€44.9bn) by 2020 from $30bn last year.