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...In news and opinion articles over the following days, Adidas chief executive Kasper Rørsted was cast as a greedy capitalist who lacked character and undermined the fundamental principles of trust....
...Ousted Adidas chief executive Kasper Rørsted is to receive a golden parachute of up to €15.9mn despite the struggling company slashing its dividend and bonuses as it braces for its first annual loss in 31...
...Chief executive Kasper Rorsted said in November that the key to tackling the boycott was to “show consumers our appreciation and respect, to earn their loyalty and complement our global brand strength with...
...But when longstanding Puma boss Björn Gulden steps up to the top job at Adidas next month, he will inherit from Kasper Rørsted a company in crisis whose shares have plunged 54 per cent in a year....
...Adidas late last year replaced chief executive Kasper Rørsted, poaching Bjørn Gulden from smaller rival Puma....
...The €15.9mn golden parachute that former chief Kasper Rørsted has secured at a time when other executives are getting no bonus hardly helps. And turnrounds do, as Gulden points out, take time....
...Former boss Kasper Rørsted bet big on Yeezy to revive the flagging brand’s fortunes. The loss of Yeezy sales is likely to lop 5 per cent off Adidas’s revenues this year....
...We are currently not performing the way we should,” said Gulden, who joined from Adidas’s local rival Puma after his predecessor Kasper Rørsted was ousted following a series of profit warnings last summer...
...A few weeks after the sportswear company warned on profits, it has announced the departure of chief executive Kasper Rørsted next year....
...German sportswear group Adidas will replace its chief executive Kasper Rørsted next year — three years before his contract is up — as it suffers from shrinking sales in China and the effects of the war in...
...In a brief release on Friday, Adidas confirmed the talks with Gulden as a potential successor to Kasper Rørsted, without disclosing any more details....
...“Effective January 1 2023, Bjørn Gulden is appointed as member of the executive board and CEO of Adidas AG,” Adidas said in a statement, adding that current boss Kasper Rørsted would leave the company by...
...It announced the early departure of chief executive Kasper Rørsted weeks after it published its first profit warning in late July....
...Kasper Rørsted, who took over in 2016, had agreed to hand over the reins in 2023, three years before his contract was up, the Dax-listed company said on Monday, adding that it has begun its search for a...
...“Effective January 1, 2023, Bjørn Gulden is appointed as member of the Executive Board and CEO of Adidas AG,” Adidas said in a statement, adding that departing chief executive Kasper Rørsted would leave...
...In interviews with 17 current and former executives, many of whom have left the company, who said outgoing chief Kasper Rørsted and its board had positioned Adidas poorly to weather the West storm, firing...
...Adidas is in talks with departing Puma chief executive Bjørn Gulden about succeeding the brand’s current chief, Kasper Rørsted, sending the shares up more than 20 per cent....
...Former chief Kasper Rørsted is exiting with a €15.9mn golden parachute....
...Adidas’s decision comes as the brand searches for a successor to chief executive Kasper Rørsted, who announced his early departure this summer....
...The company previously announced it is searching for a successor to chief executive Kasper Rørsted, who is expected to depart next year, three years earlier than his existing contract....
...Adidas, the German sports goods maker, said its boss Kasper Rørsted would depart next year before his contract runs out....
...Chief executive Kasper Rørsted said in a statement that the group “will return to growth in Asia-Pacific in the second quarter” but is braced for a continuation of the “challenging market environment in...
...Gulden, a former professional footballer who worked at Adidas in the 1990s before rising through the ranks at Puma, replaces outgoing Kasper Rørsted who led the sportswear company from 2016....
...Chief executive Kasper Rørsted said the group would “return to growth in Asia-Pacific in the second quarter” but was preparing for a continuation of the “challenging market environment in Greater China”,...
...Adidas CEO Kasper Rørsted will leave his post next year, three years before his contract was up....
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