The CEO of Adidas led the apparel and accessories business at Adidas for several years. This company was founded by Aldof Adi Dassler who made sports shoes in his mother’s scullery or laundry room. In today’s post, I will discuss everything about who is the current CEO of Adidas.
Who Is The CEO Of Adidas?
The CEO of Adidas is Kasper Rorsted who is a Danish business executive. He has been the CEO of the company since 2016. However, it was announced that he would hand over his role as CEO during the course of 2023.
You can keep on reading to know more about the current CEO of Adidas.
About The CEO Of Adidas
Adidas’ new CEO, Kasper worked with Oracle, Digital Equipment Corporation, and Compaq in his early career. During his high school days, Kasper played handball for Denmark’s national youth team. In fact, he even went on to study at Copenhagen Business School with further Executive Education at Harvard Business School.
However, he was managing director of Compaq Enterprise Business Group in EMEA from 2001 to 2002. Later, he moved to the managing director position at HP EMEA from 2002 to 2004. Kasper also became the director at Henkel in 2005. Become vice chairman in 2007 and CEO in 2008. Under his leadership, the group’s market capitalization quadrupled to more than $36 billion!
The new CEO of Adidas replaced Herbert Hainer who was the former CEO of the Adidas group. Currently, Herbert is the president of the football club FC Bayern Munich. Herbert completed his education at the University of Applied Sciences Landshut where he graduated in Economics. Later, the Adidas supervisory board extended Herbert’s contract until 2026 in 2020. But Kasper and Adidas’ board of directors mutually agreed that he would hand over his position during the course of 2023.
Currently, Kasper has been a member of several corporate boards and non-profit organizations. This includes Siemens AG, Nestle, and the European Round Table of Industrialists (ERT). Adidas’s CEO is married and has four children. The whole Rorsted family currently resides in Munich.
The CEO of Adidas’s net worth is nearly $70 million USD and enjoys all of life’s luxuries. According to the Adidas Group’s official page, the CEO of Adidas’s salary is $7,237,510 USD from the AG.
Kasper’s father’s name is Bendt Rorsted while his mother’s name is Judith Kildeberg Rorsted. There is no information available on whether his parents are still alive or have passed away. Apart from this, we assume that Kasper is the only child of his parents! You must be surprised to know that Kasper does not have a significant amount of social media followers. Kasper himself wears Adidas-designed and manufactured clothing and footwear.
We all know that Adidas AG is a German multinational corporation founded and headquartered in Herzogenaurach, Bavaria. It designs and manufactures shoes, clothing, and accessories. In fact, Adidas is the largest sportswear manufacturer in Europe and second largest in the world after Nike. It consists 8.33% stake of the football club Bayern Munchen and Runtastic which is an Austrian fitness technology company.
Know more about such companies here on Findingceo.
FAQ
Who Will Be The Next CEO Of Adidas?
The Supervisory Board had announced a CEO transition on August 22, 2022. Bjørn Gulden is 57 years old, Norwegian and has been CEO of Puma SE since 2013.
Is Adidas Russian Company?
Adidas is a German stock corporation specializing in manufacturing of a broad range of athletic and sportive product.
Why Did They Call It Adidas?
The name adidas came from the founder, Adolf “Adi” Dassler’s name. He used his nickname, Adi, and the first three letters of his last name, Das, to create adidas.
What Brands Do Adidas Own?
Adidas Group is a manufacturer of footwear, sports apparel, and accessories. Its products are known under brands such as Adidas, Reebok, and TaylorMade.
Who Is The Current Owner Of Adidas?
Since Horst Dassler, the son of Adolf Dassler, passed away in 1987, adidas was sold and is no longer family-owned. Instead, Adidas is now owned by Adidas AG, a multinational corporate group owned by several shareholders. The majority holders are football club Bayern München and Austrian fitness company Runtastic.
Conclusion
Kasper Rorsted was born on February 24, 1962, and is a Danish businessman. He is been standing with Adidas since he has taken the seat of CEO in Adidas and is been taking the company to rising levels. He currently serves as the CEO of Adidas since 2016 and will further be doing so for some more upcoming years.
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