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Puma's CEO Gulden to Move to Adidas, Replacing Kasper Rorsted, Manager Magazin Reports

November 04, 2022 at 10:49 am EDT

-- Puma SE's Chief Executive Bjorn Gulden is going to move to competitor Adidas AG at the end of the year and to take the top job from Kasper Rorsted, who is leaving the company, German business outlet Manager Magazin reports citing sources.

-- Mr. Rorsted had already set his departure for 2023. Adidas's supervisory board chief Thomas Rabe has been looking for a successor, according to Manager Magazin.

Full story (in German): https://bit.ly/3DFlxH4

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

11-04-22 1049ET

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Kasper Bo Rørsted

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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Woom GmbH Woom GmbH Motor VehiclesConsumer Durables Woom GmbH designs bikes that are specifically tailored to meet the needs of children. Woom is based in Klosterneuburg, Austria, and has subsidiaries in the United States. The Austrian company focuses on creating ergonomic, clever, and ultralight bikes. The company was founded by Christian Bezdeka and Marcus Ihlenfeld. Paul Fattinger has been the CEO of the company since 2023.	Chairman

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