Adidas says CEO Rorsted to give up his post in 2023


Backlink: REUTERS

German sporting goods maker Adidas (ADSGn.DE)unexpectedly said on Monday that its Chief Executive Kasper Rorsted would leave his post next year, before his contract is due to run out, and that it had started searching for a successor.

Adidas last month cut its 2022 earnings target, citing a slower-than-expected recovery in China from pandemic restrictions.