Rabe to head up supervisory board at Adidas
Thomas Rabe, the chairman and chief executive of German media giant Bertelsmann, has been named as the next chairman of the supervisory board of Adidas.
The German sportswear firm said today that Rabe (pictured) will succeed Igor Landau after the annual general meeting on 14 May.
The 54-year-old Rabe has been a member and the deputy chairman of the Adidas supervisory board, since last May.
He has been chairman and chief executive of Bertelsmann since 2012.
In a statement, Landau, the chairman of the Adidas supervisory board since 2009, said: “In the interests of a smooth hand-over and in line with the transition of the current strategic five-year plan to a new strategic cycle starting at the beginning of 2021, May is the right time to hand over my mandate as supervisory board chairman to a successor.
“I am convinced that Thomas Rabe will make an excellent chairman, enriching the board in this role with his great leadership, digital and financial competence.”
In other developments, Christian Klein, the co-chief executive of software firm SAP, is to be proposed to Adidas shareholders for election to the supervisory board at the forthcoming AGM.
Kasper Rorsted has been the chief executive of Adidas since 2016 when he succeeded the long-serving Herbert Hainer.