(Reuters) -Nike's ( NKE ) chief innovation officer, John Hoke, is retiring, the world's largest sportswear company said on Thursday.

Hoke, who joined Nike ( NKE ) in 1992, has served as the company's chief design officer before being named chief innovation officer in 2023.

Earlier this month, Nike ( NKE ) CEO Elliott Hill, who took the helm in October to lead a turnaround, had made several changes to the senior leadership team, including promoting insider Phil McCartney to be the new chief innovation, design & product officer.

Nike ( NKE ), in March, forecast a steeper than expected drop in fourth-quarter revenue, signaling caution as it works to rekindle consumer interest.

Bloomberg News first reported Hoke's retirement earlier on Thursday.