Adidas Shareholders to Oppose Chair's Re-Election
Some Adidas ADS 0.09%increase; green up pointing triangle shareholders said they plan to oppose the re-election of supervisory-board chairman Thomas Rabe at the company's annual general meeting, citing the lack of a succession plan.
Rabe, chief executive of both German media group Bertelsmann and its listed broadcasting arm RTL Group RRTL -0.46%decrease; red down pointing triangle, has chaired the supervisory board of the German sporting-goods company since 2020. Adidas shareholders are set to vote on a proposal for him to remain in the role for an additional year at the annual meeting scheduled for Thursday.
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