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Kasper Rorsted confirmed as CEO of adidas for more 5 years

Aug 6, 2020 Germany
Kasper Rorsted confirmed as CEO of adidas for more 5 years
The Supervisory Board of adidas AG has extended the appointment of Chief Executive Officer Kasper Rorsted by another five years until the 31st of July 2026. Kasper Rorsted has been a member of the adidas Executive Board and the company's CEO since 2016
“Kasper Rorsted has driven the implementation of our long-term strategy ‘Creating the New’ with great energy and success. He clearly left his mark focusing the company on sustainable growth and increasing its profitability. The outbreak of the corona pandemic posed major challenges even for a successful company such as adidas. The management team under the leadership of Kasper Rorsted succeeded in steering adidas and its employees healthily and safely through this unprecedented crisis. Continuity and strong leadership are important especially in these times, also in view of the new strategic cycle which will start in 2021”, commented said Igor Landau, Chairman of the Supervisory Board, on the occasion of the announcement of the extension of the appointment.

Thomas Rabe, Deputy Chairman of the Supervisory Board of adidas AG, who will take over as Chairman of the Supervisory Board from Igor Landau at the end of the Annual General Meeting on the 11th of August 2020, added: “The Supervisory Board is looking forward to continuing its successful collaboration with Kasper Rorsted. We are convinced that under his leadership, the Executive Board will further advance adidas’ development towards becoming the best sports company in the world.”


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