adidas AG: Initiates CEO transition

adidas

23 August 2022, Mumbai

Kasper Rorsted will hand over the CEO position during the course of 2023

Supervisory Board thanks Kasper Rorsted for major achievements in transforming the company Jointly with the Supervisory Board and the Executive Board Kasper Rorsted will ensure a smooth transition at the helm of the company.

Thomas Rabe, Chairman of the Supervisory Board of adidas AG, thanked Kasper Rorsted on behalf of the Board: We would like to thank Kasper for his major achievements.

During his tenure since 2016, he has strategically repositioned the company and fast-forwarded its digital transformation. Under Kasper’s leadership, adidas has substantially advanced its digital capabilities and grown its online sales by a factor of more than five. In North America, the world’s largest sporting goods market, adidas has doubled its sales.

Kasper Rorsted, CEO of adidas, states: adidas is an iconic sports brand. As a company, we have achieved great progress in strategic areas of our business.

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