Adidas CEO, Kasper Rorsted will step down next year, the sports apparel maker. Rorsted, who has been CEO since 2016, and its supervisory board mutually agreed that he will hand over during the course of 2023. Rorsted’s departure was a mutual decision of the supervisory board and the CEO following confidential discussions. Besides the pandemic slump, Rorsted had to contend with criticism that the company had done too little to promote diversity.
Bank Maha Pack includes Live Batches, Test Series, Video Lectures & eBooks
During his tenure at Adidas, Rorsted presided over a steady increase in the stock, valuing the company at more than 67 billion euros around this time just last year. Since then, the stock has come back to levels similar to when he took over in 2016. By contrast, Nike and Puma shares have gained in the same period.
Important takeaways for all competitive exams:
Did you know that many rivers around the world are compared with one another because…
Did you know that every year the world waits eagerly for one of the biggest…
The major Egypt archaeological discovery has solved a mystery. This mystery that remained unanswered for…
The medieval Gajapathi inscription has been discovered at the Lakshmi Narasimha Swamy Temple in Ramachandrapura…
The process to the appointing State Director General of Police (DGP) has been changed after…
Surya Midha has created headline after matching the youngest billionaire milestone. Earlier this milestone was…