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adidas Names New CEO and Stocks Soar

Hypebeast - 18 Jan 2016 19:48
adidas Names New CEO and Stocks Soar Today, adidas announced current Henkel -- the maker of laundry powders and Dial Soap -- Chief Executive Kasper Rorsted will take the top spot at the Three Stripes in October, replacing Herbert Hainer, who has faced widespread investor discontent. "adidas' stock soared by over 11% on the news, with investors confident Mr. Rorsted can restore growth at the company following a tenure at Henkel that is considered a clear success." "Mr. Hainer, at the helm of Adidas for over 14 years, and longest-ser...
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