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Kasper Rørsted

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Kasper Rørsted
Born (1962-02-24) 24 February 1962 (age 62)
Aarhus, Denmark

Kasper Rørsted (born 24 February 1962) is a Danish business executive who has been the CEO of German sportwear firm Adidas since 2016.[1] On 22 August 2022, it was announced that he would hand over his role as CEO during the course of 2023.[2]

Early life and education

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During high school, Rørsted played handball for Denmark's national youth team. He went on to study at Niels Brock Copenhagen Business College with further Executive Education at Harvard Business School.[3][4][5][6]

Career

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Early career

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In his early career, Rørsted worked with Oracle, Digital Equipment Corporation, and Compaq. From 2001 to 2002, he was managing director of Compaq Enterprise Business Group in EMEA.[7] He moved to the managing director position at HP EMEA from 2002 to 2004.[7] In 2005 he became director at Henkel, become vice chairman in 2007 and CEO in 2008. Under his stewardship, the group's market capitalization quadrupled to more than €36 billion.[8][9][10]

In January 2016, it was announced that Kasper would leave the company to become CEO of Adidas, replacing Herbert Hainer.[11][12] In 2020, the Adidas supervisory board extended his contract until 2026.[13] In 2022, however, Rørsted and the company's supervisory board had mutually agreed that he would hand over his position during the course of 2023.[14]

Other activities

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Rørsted has been a member of several corporate boards and non-profit organizations, including Siemens AG,[15] Nestlé,[16][17] and European Round Table of Industrialists (ERT).[18]

Personal life

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Rørsted is married with four children. The family resides in Munich.[4]

References

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  1. ^ "Kasper Rorsted to succeed Herbert Hainer as CEO of adidas AG".
  2. ^ "Adidas Seeks New CEO Following Rorsted's Surprise Departure".
  3. ^ Dam, Rikke Agnete (2024-07-11). "Kasper Rørsted forlod Adidas: Sådan er hans liv i dag". borsen.dk (in Danish). Retrieved 2024-08-20.
  4. ^ a b James Shotter (January 22, 2016), Kasper Rorsted brings intellectual curiosity to Adidas Financial Times.
  5. ^ "Kasper Rorsted is running Adidas to the top of the market". Retrieved 2021-05-06.
  6. ^ "Kasper Rørsted". www.maersk.com. Retrieved 2024-08-20.
  7. ^ a b Turula, Tom. "Adidas CEO says his worst career setback was getting fired from HP for having a bad attitude". Business Insider. Retrieved 2021-05-06.
  8. ^ James Shotter (January 22, 2016), Kasper Rorsted brings intellectual curiosity to Adidas Financial Times
  9. ^ Caroline Copley (May 30, 2013), Henkel boss is possible candidate for ABB CEO - report Reuters
  10. ^ Ludwig Burger and Frank Siebelt (June 20, 2013), BASF rules out deputy CEO taking top job at Linde Reuters.
  11. ^ Keith Weir (January 18, 2016), Henkel CEO quits after 8 years, reviving talk of Adidas move Reuters.
  12. ^ Maria Sheahan and Emma Thomasson (January 18, 2016), Adidas names Henkel's Rorsted to replace Hainer as CEO Reuters.
  13. ^ Riham Alkousaa (August 4, 2020), Adidas extends CEO Rorsted's contract for five years Reuters.
  14. ^ Maria Sheahan (22 August 2022), Adidas says CEO Rorsted to give up his post in 2023 Reuters.
  15. ^ Siemens proposes new Supervisory Board members to its Annual Shareholders’ Meeting Siemens, press release of December 8, 2020.
  16. ^ Nestlé nominates three new independent directors to Board Nestlé, press release of January 18, 2018.
  17. ^ Martinne Geller (January 18, 2016), Nestle nominates three board directors to help advance strategy Reuters.
  18. ^ Members European Round Table of Industrialists.
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