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Adidas Extends CEO Kasper Rorsted's Contract by Five Years

Rorsted, who has led the German sportswear retailer since 2016, will remain in the role until July 31, 2026.
Adidas store | Source: Shutterstock
By
  • Reuters

HERZOGENAURACH, Germany —  German sportswear firm Adidas on Tuesday said its supervisory board had extended the contract of Chief Executive Kasper Rorsted until July 31, 2026.

Rorsted, 58, has been at the helm of Adidas since October 2016. His contract was due to expire at the end of July next year.

By Riham Alkousaa; editor: Michelle Martin

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