Adidas boss Kasper Rorsted will leave the sporting goods group in Herzogenaurach next year. Adidas announced on Monday that the company and Rorsted had agreed on this “by mutual consent”. A successor has not yet been determined. “The search for a successor is ongoing,” explained Adidas.
Rorsted will continue as CEO until a successor is appointed and, together with the Supervisory Board and Executive Board, will ensure a smooth transition at the helm of Adidas.
The 60-year-old Rorsted took over the post at Adidas in 2016. The native Dane was previously the head of consumer goods manufacturer Henkel. “Manager Magazin” named Rorsted manager of the year 2019 because the stock market value of the sporting goods group had risen sharply since he took office.
