Adidas: Gulf subsidiary TaylorMade sold at a heavy loss

TaylorMade had been put up for sale by Rorsted's predecessor, Herbert Hainer. But the sale dragged on for almost a year. Since taking office in October, Rorsted has fundamentally restructured the management floor. On Wednesday, the supervisory board promoted Western Europe boss Gil Steyaert to the board of "Global Operations". His predecessor Glenn Bennett had been in office for 20 years. HR manager Karen Parkin moves up to the board. Chief Financial Officer Robin Stalker is leaving after 16 years. He will be replaced by Harm Ohlmeyer after the Annual General Meeting. "The management team is in an excellent position," said Rorsted.