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:
Respectable Chief Minister of Tamil Nadu Joseph Vijay has expanded the his government and with…
The Reserve Bank of India (RBI) has announced the $5 billion USD-INR buy/sell swap auction…
Kerala become the first Indian state to create a Artificial Intelligence (AI) portfolio at the…
India is witnessing rapid infrastructure growth through major central government projects spread across different states.…
Government of Haryana has launched the ShramMitra app which is the new platform designed to…
State government of Madhya Pradesh partnered with the Google Cloud India for the Simhastha Kumbh…