“Kasper Rorsted has driven the implementation of our long-term strategy ‘Creating the New’ with great energy and success. He clearly left his mark focusing the company on sustainable growth and increasing its profitability. The outbreak of the corona pandemic posed major challenges even for a successful company such as adidas. The management team under the leadership of Kasper Rorsted succeeded in steering adidas and its employees healthily and safely through this unprecedented crisis. Continuity and strong leadership are important especially in these times, also in view of the new strategic cycle which will start in 2021”, commented said Igor Landau, Chairman of the Supervisory Board, on the occasion of the announcement of the extension of the appointment.

Thomas Rabe, Deputy Chairman of the Supervisory Board of adidas AG, who will take over as Chairman of the Supervisory Board from Igor Landau at the end of the Annual General Meeting on the 11th of August 2020, added: “The Supervisory Board is looking forward to continuing its successful collaboration with Kasper Rorsted. We are convinced that under his leadership, the Executive Board will further advance adidas’ development towards becoming the best sports company in the world.”