Adidas extends CEO’s contract by five years

// Kaspar Rorsted’s tenure as Adidas CEO extended by another five years
// Meanwhile, Adidas chairman Igor Landau will be replaced by Thomas RabeAdidas has extended the contract of its chief executive Kasper Rorsted by a further five years.
Rorsted has been a member of the Adidas executive board since August 2016 and became the sportswear brand and retailer’s chief executive two months later.
His contract was initially due to expire in July next year, and he will now stay on until 20