Home / Knowledge / News / Press Release / Change at top of Adidas supervisory board

Change at top of Adidas supervisory board

11
Aug '20
Thomas Rabe; Pic: Adidas
Thomas Rabe; Pic: Adidas
The supervisory board of Adidas AG has appointed Thomas Rabe (55), chief executive officer of Bertelsmann, as chairman of company’s supervisory board. Rabe will succeed Igor Landau (76) whose supervisory board mandate expired after 16 successful years at the end of the annual general meeting on August 11, 2020. Rabe has been CEO of Bertelsmann since 2012.
 
Rabe has been a member of the adidas AG supervisory board since May 9, 2019, and deputy chairman of the supervisory board since this same point in time. He was appointed to the executive board of Bertelsmann, a global media, services and education company, as chief financial officer in 2006. 
 
“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,” Rabe said in a press release.
 
In addition, Bodo Uebber will take over as chairman of the audit committee from Herbert Kauffmann. Kauffmann will remain on the supervisory board until the 2021 annual general meeting. Ian Gallienne has been appointed as the new additional deputy chairman of the supervisory board. 
 
The shareholders elected Christian Klein (40), CEO of SAP SE, to the supervisory board. Klein was appointed to the SAP executive board as chief operating officer in 2018. Klein had been co-CEO of SAP SE since October 2019, and has been sole CEO of SAP SE since April 2020. 
 
In addition, the supervisory board members announced that they would waive 30 per cent 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. 

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 19th Sep 2020

US firms in some sectors moving out of PRC: Goldman Sachs

Goldman Sachs has said US firms in only specific industries are...

Pic: Shutterstock

Apparel/Garments | On 19th Sep 2020

Sri Lanka's textile & garment exports down 25% in Jan-July

Sri Lanka’s earnings from textiles and garments exports decreased by...

Pic: Avery Dennison Fastener Solution

Apparel/Garments | On 19th Sep 2020

Avery Dennison’s new tag fastener degrades in soil

Avery Dennison Corporation Fastener Solutions has unveiled a tag...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

One thing is certain, online sales will go up

Top executives, Textile industry

Top executives
Textile industry

The budget will give major impetus to textile and apparel consumption

Textile Industry, Head honchos

Textile Industry
Head honchos

Cooperate and collaborate for greater good

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search