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This partnership was formed when Philip Knight, who had just graduated for Stanford with a degree in business, contacted Bill Bowerman, his track coach at the University of Oregon, about starting a company to sell well- designed running shoes made in Japan. The company did well, and in 1972 began to produce its own shoes and market them under the Nike name. The success of the shoes and the running craze of the 1970s led Nike to design new products, and business grew rapidly.
The company began to offer public stock in 1980. Phillip Knight remained CEO until 2004, where he stepped down but still continues as chairman...
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