Thursday, February 2, 2023
  • Login
CEO North America
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
CEO North America
No Result
View All Result

Adidas says CEO Kasper Rorsted to step down in 2023

in News
Adidas says ceo kasper rorsted to step down in 2023
Share on FacebookShare on Twitter

Adidas CEO Kasper Rorsted will step down before his contract is due to run out, the German sporting goods maker announced.

The group said Rorsted and its board 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 as the sporting good firm has already started searching for a new CEO.

“After three challenging years that were marked by the economic consequences of the Covid-19-pandemic and geo-political tensions, it is now the right time to initiate a CEO transition and pave the way for a restart,” Adidas supervisory board Chairman Thomas Rabe said in a statement.

Rabe thanked Rorsted for “major achievements” that included strategically repositioning the company and doubling sales in North America. Rabe said the firm can now focus on its core brand after divesting TaylorMade, Reebok and CCM Hockey.

Rorsted, who was appointed Adidas CEO in 2016, said the move is the best thing for both the company and himself after several external factors disrupted its business significantly.

“Enabling a restart in 2023 is the right thing to do – both for the company and me personally,” Rorsted said.

Adidas last month cut its 2022 earnings target, citing a slower-than-expected recovery in China.

Tags: AdidasRetail

Related Posts

Tinder owner to lay off 8% of its staff as growth falters
News

Tinder owner to lay off 8% of its staff as growth falters

Biden moves to slash u. S. Credit card fees, app charges
News

Biden moves to slash U.S. credit card fees, app charges

Intel slashes employee, exec pay amid pc market downturn
News

Intel slashes employee, exec pay amid PC market downturn

Payments firm paypal to lay off 7% of its workforce to cut costs
News

Payments firm PayPal to lay off 7% of its workforce to cut costs

Apple workplace rules violate u. S. Labor law, agency finds
News

Apple workplace rules violate U.S. labor law, agency finds

Walmart, cvs health adjust pharmacy hours due to labor crunch
News

Walmart, CVS Health adjust pharmacy hours due to labor crunch

Volvo group north america faces $130m civil penalty
News

Volvo Group North America faces $130M civil penalty

Tiktok ceo to testify before u. S. Congress over security concerns
News

TikTok CEO to testify before U.S. Congress over security concerns

 us debt not a crisis yet according to economists
News

 US debt not a crisis yet according to economists

Ford recalls 462,000 vehicles for rear camera display failure
News

Ford recalls 462,000 vehicles for rear camera display failure

No Result
View All Result

Recent Posts

  • Tinder owner to lay off 8% of its staff as growth falters
  • Biden moves to slash U.S. credit card fees, app charges
  • New York City Votes To “Skip The Stuff” In Take-Out Orders
  • How to Test If Your Interview Process Is a Nightmare
  • The Next Era of Work Will Be About Skills, Not Pedigree

Recent Comments

    Archives

    Categories

    • Art & Culture
    • Business
    • CEO Interviews
    • CEO Life
    • Editor´s Choice
    • Entrepreneur
    • Environment
    • Food
    • Health
    • Highlights
    • Industry
    • Innovation
    • Issues
    • Management & Leadership
    • Multimedia
    • News
    • Opinion
    • PrimeZone
    • Printed Version
    • Travel
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials – stuart.james@ceo-na.com

    Editor-In-Chief – caroline.sposto@ceo-na.com

    Editorials – editorials@ceo-na.com

    Advertising – media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

     

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials –
    stuart.james@ceo-na.com

    Editor-In-Chief –

    caroline.sposto@ceo-na.com

    Editorials – editorials@ceo-na.com

    Advertising –
    media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    CEO North America © 2022 - Sitemap

    No Result
    View All Result
    • Home
    • Business
      • Entrepreneur
      • Industry
      • Innovation
      • Management & Leadership
    • CEO Interviews
    • CEO Life
      • Art & Culture
      • Food
      • Health
      • Travel
      • Environment
    • Opinion
    • News
    • Multimedia

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In