Henkel chief executive Kasper Rorsted will move to Adidas in the same role in August, succeeding Herbert Hainer.
Hainer, who has held the role at the helm of the German sportswear giant since 2012, will step down from the executive board on September 30.
Adidas chairman of the supervisory board Igor Landau said: “Herbert Hainer has done a tremendous job for the Adidas Group. Under his leadership, Adidas Group sales have tripled, net income and the number of employees have quadrupled, and the value of the company has increased from €3bn (£2.3bn) to €18bn (£13.7bn).
”Yet it is not only the financial metrics that are notable: Under Herbert Hainer, the Adidas Group has become one of the most sustainable corporations in Europe and one of the world’s most attractive employers.”
Rorsted has been chief executive of laundry care, beauty and adhesive firm Henkel since 2008 and previously held leadership roles with Oracle, Compaq and Hewlett Packard.
Landau said: “Kasper Rorsted is a passionate runner, skier and football fan. Therefore I am convinced that, together with the top management of the Adidas Group, he will continue the company’s dynamic growth strategy and lead the Adidas Group to new successes.”