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Adidas appoints new chairman of supervisory board

Adidas has appointed Bertelsmann chief executive Thomas Rabe as chairman of its supervisory board. He will succeed Igor Landau who stepped down after 16 years on the board at… View Article

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Adidas appoints new chairman of supervisory board

Adidas has appointed Bertelsmann chief executive Thomas Rabe as chairman of its supervisory board.

He will succeed Igor Landau who stepped down after 16 years on the board at the company’s AGM on 11 August.

Rabe has been a member of the board since  9 May when he also became deputy chairman. He has worked with Bertelsmann, a global media, services and education company, since 2016 when he was appointed as  chief financial officer. He then became chief executive in 2012.

Rabe said: “I am very much looking forward to the task of accompanying adidas as chairman of the supervisory board. I am aware that this office entails a high degree of responsibility, which I will gladly take on in the interests of shareholders, customers, consumers, employees and partners. I would like to thank Igor Landau, also on behalf of the entire supervisory board, for his extremely successful work. He has rendered great service to the company.”

In other board changes announced by Adidas, Bodo Uebber will take over as chairman of the audit committee from Herbert Kauffmann who will remain on the board until the 2021 AGM. Meanwhile, Ian Gallienne has been appointed as a new additional deputy chairman and Christian Klein, chief executive of SAP SE, has joined the board as a new member.

Adidas has also announced that its supervisory board members have decided waive 30% of their remuneration for the current financial year due to the coronavirus crisis. Instead, the money will be donated to SOS Children’s Villages, among others.

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