Adidas CEO Kasper Rorsted will be stepping down from his position next year. The German-based company has already begun looking for its next chief executive.
and geo-political tensions, it is now the right time to initiate a CEO transition and pave the way for a restart," Adidas AG supervisory board chairman Thomas Rabe said in the release.
"We are pleased that Kasper will ensure a smooth transition at the helm of the company during the upcoming months jointly with the Supervisory Board and Executive Board of Adidas AG."
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