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UPDATE 1-Adidas extends management shakeup under new CEO
May 10, 2017 / 5:00 PM / 4 months ago

UPDATE 1-Adidas extends management shakeup under new CEO

(Adds detail, background)

BERLIN, May 10 (Reuters) - Adidas has extended the German sportswear company’s management shake-up under its new chief executive, promoting Western Europe head Gil Steyaert to global operations chief and appointing its first female executive board member since 1993.

CEO Kaspar Rorsted has made improving diversity one of his top priorities since taking over in October from long-serving predecessor Herbert Hainer.

Adidas said in a statement on Wednesday that the supervisory board had elevated Karen Parkin, human resources head since 2014, to the executive board, the first woman in the top team since 1993 when Gilberte Beaux led Adidas as interim CEO.

In March Rorsted appointed Harm Ohlmeyer as finance chief, replacing Robin Stalker, who served alongside Hainer for 16 years.

Steyaert, a 54-year-old French national who joined Adidas in 1999, will replace Glenn Bennett, who had been on the executive board for 20 years and was responsible for sourcing.

Adidas said the move, which takes effect by Oct. 1, had come because Bennett had informed the supervisory board he would not extend his contract when it expires in March 2018. (Reporting by Emma Thomasson; Editing by Arno Schuetze; Editing by David Goodman)

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