Nike chief executive John Donahoe will retire next month in an abrupt leadership change punctuating a period of dour financial performance at the world’s largest sportswear maker.

The chief executive of East Herts District Council has left the role after five years. The authority confirmed Richard Cassidy was leaving "with immediate effect", with deputy Helen Standen replacing him on a temporary basis.

The chief executive of Britain’s scandal-ridden Post Office will step down next year, the company said Wednesday, as criticism mounts over the speed of compensation payments to branch managers wrongly convicted of theft or fraud because of a faulty computer system.

Nick Read to step down as chief executive of Post Office next year - He said it has been a ‘great privilege’ to have been in the role during a ‘challenging time for the business’.

Nick Read, the chief executive officer of the Post Office, will step down from his position next year, according to the postal delivery service. This comes after the recent controversy surrounding the Horizon IT scandal which saw hundreds of postmasters wrongfully prosecuted as a result of faulty software.

Nick Read is standing down as chief executive of the Post Office, it has been confirmed. Mr Read, 58, will leave the Post Office in March 2025 and Neil Brocklehurst has been asked to step up as acting CEO.