Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Adidas seeks new chief executive

Sports giant Adidas is reported to be actively seeking a replacement chief executive to take over from Herbert Hainer.

Hainer has held the role since 2001 and is under contract until 2017. However, the board of the German business has criticised his performance after Adidas lost ground to US rival Nike.

Hainer was forced to write to staff to confirm the news of the recruitment drive after it broke in a German magazine, according to City AM.

Despite the news, Hainer will announce his long-term strategy on March 26 alongside current global brand chief Eric Liedtke and sales boss Roland Auschel, who are already being tipped as potential successors.

@LukeToddUK

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.