adidas AG reassigns Board responsibilities
(Thomson Reuters ONE) - Herzogenaurach - The adidas Group today announces its latest decisionin its drive for more organisational effectiveness and efficiency.Following the already announced structural changes on a brand,regional and market level, the Group will now separate theresponsibility between global brand and global sales management onthe Board level.Herbert Hainer, adidas Group CEO and Chairman, will additionallyassume direct responsibility for Global Sales. Roland Auschel, ChiefSales Officer, and Michael Stanier, Chief Retail Officer, will reportdirectly into Herbert Hainer.At the same time, Erich Stamminger, Member of the Executive Board ofthe adidas Group, will take on the responsibility for Global Brands,comprising the brands adidas and Reebok. Bernd Wahler, ChiefMarketing Officer adidas Sport Performance, Hermann Deininger, ChiefMarketing Officer adidas Sport Style, and Uli Becker, President ofReebok, will report into Erich Stamminger.As a result, the roles and responsibilities of the members of theExecutive Board of the adidas Group will in the future look asfollows:- Herbert Hainer, CEO and Chairman, Global Sales- Glenn Bennett, Global Operations- Robin Stalker, Chief Financial Officer- Erich Stamminger, Global BrandsDue to the different business model of TaylorMade-adidas Golf andRockport, Mark King, President of TaylorMade-adidas Golf, and MichaelRupp, President of Rockport, will continue to report directly intoHerbert Hainer.This new structure follows two important principles: to fosterfurther alignment and strengthen brand management supportinglong-term sustainable growth, while at the same time ensuringcoordinated and best practice execution in the marketplace. Thischange at Executive Board level will mirror the already announcedchanges in the global organisation and in the local markets. The newstructure clearly leverages the strength of the adidas Groupmanagement team and will ensure the Group delivers best in classservice to its consumers and customers.About the adidas GroupThe adidas Group is one of the global leaders within the sportinggoods industry, offering a broad range of products around three coresegments: adidas, Reebok and TaylorMade-adidas Golf. Headquartered inHerzogenaurach, Germany, the Group has more than 38,000 employees andgenerated sales of EUR 10.8 billion in 2008. ***Contacts:Media Relations Investor RelationsJan Runau John-Paul O'MearaChief Corporate Communications Officer Head of Investor RelationsTel.: +49 (0) 9132 Tel.: +49 (0)84-3830 9132 84-2751Kirsten Keck Dennis WeberCorporate PR Manager Investor Relations ManagerTel.: +49 (0) 9132 84-6207 Tel.: +49 (0) 9132 84-4989Katja SchreiberCorporate PR ManagerTel.: +49 (0) 9132 84-3810Please visit our corporate website: www.adidas-Group.comhttp://hugin.info/139192/R/1332713/315686.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 05.08.2009 - 07:32 Uhr
Sprache: Deutsch
News-ID 4347
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