Nike founder Knight announces resignation

Phil Knight, co-founder of the US sporting goods manufacturer Nike, has  announced his resignation.

 Knight founded the company Nike, together with Bill Boweman, and in June 2016, the 78-year-old will end his time as Chairman of the Administrative Board at Nike.

He made the announcement Tuesday in an interview with CNBC, after previously making headlines for announcing that he will be giving away most of his fortune to