Adidas Approves Bertelsmann CEO Thomas Rabe as Chairman for Another Year Amidst Lack of Successor

Thomas Rabe, CEO of Bertelsmann, will remain as Chairman of Adidas' Supervisory Board for an additional year due to the lack of a successor. Rabe had planned to step down after the company's annual meeting in May, but will now serve until 2026. He announced his intention to retire in 2026 and initially wanted to leave Adidas after the annual meeting this year.