![Adidas Group to part ways with its Chief Executive Officer [CEO] Kasper Rorsted](https://techdailypost.co.za/wp-content/uploads/2022/08/Adidas_Tech-min.png "Adidas Group to part ways with its Chief Executive Officer [CEO] Kasper Rorsted")
As the saying goes nothing last forever, good or bad with time everything is subject to change eventually. Adidas group announced that it’s Chief Executive Officer [CEO] Kasper Rorsted will leave the company in 2023.
Rorsted has been with the sportswear giant for the past six years, probably the company is looking for a new leader with a fresh perspective to take it into new horizons.
According to the statement released by the company, both the Adidas board and Rorsted “mutually agreed” to part ways. The search is currently underway to find a replacement for Rorsted, however, he will continue with his role until a permanent replacement is found.
“We would like to thank Kasper for his major achievements. During his tenure since 2016, he has strategically repositioned the company and fast-forwarded its digital transformation. Under Kasper’s leadership Adidas has substantially advanced its digital capabilities and grown its online sales by a factor of more than five.” said Thomas Rabe, chairman of the supervisory board of Adidas AG.
Speaking about his upcoming departure from the company Rorsted is proud of what the company has achieved during his tenure.
“Adidas is an iconic sports brand. As a company, we have achieved great progress in strategic areas of our business. I am proud of our achievements as a team. The past years have been marked by several external factors that disrupted our business significantly. It required huge efforts to master these challenges. This is why enabling a restart in 2023 is the right thing to do – both for the company and me personally.”
“Our business is heading in the right direction. We are growing double-digit in 85% of our business. In the months to come our focus will be to accelerate our growth as soon as all markets can operate without major disruptions. Together with the Adidas team, I am looking forward to realising this growth and, jointly with the supervisory board, to ensuring a smooth transition at the helm of the company,” adds Rorsted.
