Adidas Starts Search to Replace Longtime CEO Herbert Hainer
This article is for subscribers only.
Adidas AG, the world’s second-biggest sporting-goods maker, said its board has started the search for a successor to Chief Executive Officer Herbert Hainer, one of Germany’s longest-serving CEOs.
An executive search firm has been hired to find a replacement for 60-year-old Hainer, whose contract ends in 2017, Igor Landau, chairman of the company’s supervisory board, said in a statement Thursday. The search will span both internal and external candidates.