Nike is an American multinational manufacturing company that carries enormous status and is worldwide famous. It is widespread and reputed for great designs, best quality, customer satisfaction, and their assurance. The hands behind the Nike products lies of extraordinarily skilled and talented persons, among which the name of Mark Parker cannot be missed out.
Mark Parker is the CEO, president, and chairman of the most reputed brand Nike. He is the mogul who gave a new life to already existed company, Nike Inc., since his positioning as CEO in 2006.
His strong determination, innovation, and prioritize into the company have increased profit by 57 percent, and it's market cap has more than doubled.
Mark Parker, CEO of Nike’s Wiki: Family
Mark Parker, the production visionary of Nike Inc., was born on 21 October 1955 in Poughkeepsie, New York, United States. He is the son of former IBM engineer Bruce Parker and his mother, Elizabeth Parke (a psychiatric nurse).
Speaking about his education stature, Mark completed his high school from Fairfield Country, Connecticut, but he remained an undergraduate Bachelor’s degree from Pennsylvania State University of the year 1977, where he had majored in Political science.
CEO of Nike and a friend of Eric Clapton, Mark though maybe an undergraduate but his education did not judge his skill and innovations. He further kept getting knowledge and experienced the practical study.
Two years after he dropped out of college, he joined Nike as a footwear designer based in Nike’s research and design facility in Exeter, New Hampshire. And within ten years of his designing career in Nike, he became division vice president in charge of development. He flourished his job as corporate vice president in 1989, general manager in 1993, and vice president of global footwear in 1998.
Following the good fortune, Mark became co-president in March 2001, and the chief executive in 2006.
Mark Parker, the Chief Executive Officer of Nike. (Photo: oregonlive.com)
His continuous determination and innovative actions led him to garner not only the position of the CEO but also the title of The World’s Most Creative CEO by the Fast Company in 2012 and the CEO of the year 2014 by the Business Journal.
Mark got rewarded for his extremely confident and competitive nature, for understanding worker and company as a whole, and for his idea of analyzing the market need.
Mark Parker’s Salary And Net Worth
American businessman, the CEO of Nike, Mark Parker, has a net worth of $250 million. As confirmed by Celebrity Net Worth, his salary is $1.5 million. Mark has accumulated his net worth from his effort to the company, Nike, that doubled its profit since his presence.
In 2012, six years after he became CEO, Mark was given a $20 million stock award by Nike’s board of directors if he survives another five years in the company. The board has approved a $30 million grant if he stays until 2020.
Similarly, in 2013, Mark received over $15 million, including a base salary of $1.5 million, restricted stock of over $3.5 million, option awards of over $4 million, and non-equity incentive over $5.5 million. In addition to his net worth, he owns a total of 3 million, Nike shares that have a market value of $228 million.
By the fiscal year 2016, Mark had total compensation of $47.6 million, and as of 2019 fiscal year, Mark was awarded $13,968,022, including $5 million in stock awards and more than $3,052,000 in stock options. Out of this, $1,676,923 was received as a salary and $4,091,695 as a bonus.
Mark’s Wife And Children
The business tycoon Mark is married to Kathy Mills Parker, who is a former world record holder in the 5000 meters and a coach at High School Cross Country.
The two first met at their college at Pennsylvania State University— they are a college sweetheart.
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Although it is not known since when the pair started dating or got married, until today, the duo is still residing together in Portland, Oregon. Together, the married love birds are parenting their three adult children, Jennifer, Meg Elizabeth, and Matthew.