BERLIN (Reuters) - German sporting goods maker Adidas said its Chief Executive Kasper Rorsted would leave his post next year, before his contract is due to run out, and that it had started searching for a successor.
The group said Rorsted and its supervisory board had mutually agreed that the CEO would hand over his position during the course of 2023. He will remain in office until a successor has been appointed, it added.
Adidas had in 2020 extended Rorsted's contract until July 31, 2026. He has been at the helm of Adidas since October 2016.
(Reporting by Maria Sheahan; editing by Matthias Williams)
Mr. Kasper Bo Rørsted is an Independent Non-Executive Director at Nestlé SA and a Chief Executive Officer at adidas AG. He is on the Board of Directors at Siemens AG and Nestlé SA. Mr. Rørsted was previously employed as a Chairman by Henkel & Cie. AG, a Chief Executive Officer by Henkel AG & Co. KGaA, a Member-Supervisory Board by Bertelsmann SE & Co. KGaA, a Non-Executive Director by Cable & Wireless Communications Plc, a Non-Executive Director by Cable & Wireless Ltd., a Senior Vice President & General Manager by Hewlett-Packard Co., a Senior Vice President & GM-EMEA Region by Hewlett-Packard GmbH, a Senior Vice President & General Manager by Compaq Computer Corp., an Independent Director by Anheuser-Busch InBev SA /Old/, a Member-Supervisory Board by Bertelsmann Management SE, a Chief Executive Officer by Henkel Ltd., a Member-Management Board by Henkel Management AG, a Principal by Oracle Corp., and a Principal by Telefonaktiebolaget LM Ericsson. He also served on the board at Danfoss A/S and Ecolab, Inc. He received his undergraduate degree from Copenhagen Business School and an MBA from Harvard University.
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