Nike Inc. Chairman Phil Knight said Monday he had replaced CEO William D. Perez after only a year on the job because the former S.C. Johnson & Son Inc. leader could not make the transition from the household products industry to head the world’s largest athletic-shoe company.

Knight named longtime co-president Mark Parker as CEO to replace Perez, whose resignation was accepted Friday by the Nike board of directors.

Perez was the first outsider hired to lead Nike, after Knight decided late in 2004 to hand over the day-to-day management responsibilities that he had held as chairman, CEO and president.

Nike will pay Perez at least $4.5 million in salary and bonus, and buy his Portland, Ore., house and reimburse him for remodeling expenses, totaling about $3.6 million.