adidas Names New CEO and Stocks Soar
Welcome Henkel CEO Kasper Rorsted.
Today,
“Mr. Hainer, at the helm of Adidas for over 14 years, and longest-serving CEO on the DAX index, faced intense shareholder pressure last year amid weak golf division sales, a poor performance in North America, and currency losses in Russia, one of its largest markets. Under his leadership, the company has lost market share to its biggest rival Nike, Inc. and newcomer Under Armour, Inc.”
For more on the move, head over to The Wall Street Journal.
