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CNBC Media Alert: CNBC Exclusive: Nike Outgoing CEO Mark Parker to Speak with CNBC's Wilfred Frost on CNBC's "Closing Bell" Today at 4:30PM ET Following Breaking News He Will Step Down

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WHEN: Today, Tuesday, October 22, 2019 @ 4:30PM

WHERE: CNBC's "Closing Bell"

CNBC's Nike Outgoing CEO Mark Parker will sit down for a CNBC EXCLUSIVE interview with CNBC's Wilfred Frost on CNBC's "Closing Bell" today, Tuesday, October 22, 2019 @ 4:30PM ET. Transcript of interview to follow.

The following is the unofficial transcript of BREAKING NEWS from CNBC's Wilfred Frost on CNBC's "Closing Bell" (M-F 3PM – 5PM) today, Tuesday, October 22.

All references must be sourced to CNBC.

WILFRED FROST: Mike, want to get back to this Nike news. Chairman and CEO Mark Parker of course has been CEO for some 13 years. He's been at the company for 4 decades. He's overseen some fantastic growth and performance for the company. Stepping down, effective January. Will remain in as Executive Chairman. New CEO coming in. And John Donahoe, with a lot of focus on the digital side of the business.

MIKE SANTOLI: For sure. And that's probably one way that John Donahoe's kind of background links up with what they're looking at. He's definitely known as a very good operator, manager. He got great marks for his work.

For more information contact:

Jennifer Dauble
CNBC
t: 201.735.4721
m: 201.615.2787
e: jennifer.dauble@nbcuni.com

Emma Martin
CNBC
t: 201.735.4713
m: 551.275.6221
e: emma.martin@nbcuni.com