Nike (NKE) is replacing the chief executive of its Converse subsidiary with a company veteran, hoping to revive the brand, which was once hugely popular with young consumers. Nike CEO Elliott Hill ...

Nike said in an internal memo seen by Reuters on Thursday that Jared Carver, president and CEO of Converse, would step down ...

Aaron Cain, a 21-year Nike Inc. veteran, is taking over the top job at Converse. He succeeds Jared Carver, who is leaving the ...