Adidas Appoints New HR Head after Race Row

Adidas has appointed Amanda Rajkumar as its new head of human resources. (AFP)
Adidas has appointed Amanda Rajkumar as its new head of human resources. (AFP)
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Adidas Appoints New HR Head after Race Row

Adidas has appointed Amanda Rajkumar as its new head of human resources. (AFP)
Adidas has appointed Amanda Rajkumar as its new head of human resources. (AFP)

Adidas has appointed Amanda Rajkumar, an executive from French bank BNP Paribas, as its new head of human resources after employee complaints over racism at the German sportswear company led to the departure of Karen Parkin in June.

Parkin stepped down as HR head after a group of employees called for an investigation over her handling of racism at the company which she had described last year as “noise” only discussed in America.

Rajkumar, a 48-year-old British national, was most recently head of human resources for the Americas for BNP Paribas. She previously worked for JP Morgan for almost a decade. She will take up her new job at Adidas in 2021.

Adidas CEO Kasper Rorsted said he hoped Rajkumar would help to strengthen diversity at the company and entrench its position as one of the most popular employers worldwide.

“We want to ... make Adidas a truly diverse, inclusive, people driven and equitable company,” he said.

After the death of George Floyd in May prompted many brands to pledge action over racial inequality, Adidas promised to promote more Black and Latino staff and invest in Black communities.

The company also admitted it has not given enough credit in the past to the many prominent Black athletes and celebrities - like James Harden and Kanye West - as well as Black employees and consumers who have helped to make it successful.

Adidas said in August it had seen no impact on sales from the race row and expects a recovery in the third quarter assuming there are no new major lockdowns as it benefits from more people exercising and dressing down as they work from home.



Struggling Gucci Owner’s Shares Soar Over New CEO Reports 

A model presents a creation by the Gucci Fall-Winter 2025/2026 collection during Fashion Week in Milan, Italy, February 25, 2025. (Reuters)
A model presents a creation by the Gucci Fall-Winter 2025/2026 collection during Fashion Week in Milan, Italy, February 25, 2025. (Reuters)
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Struggling Gucci Owner’s Shares Soar Over New CEO Reports 

A model presents a creation by the Gucci Fall-Winter 2025/2026 collection during Fashion Week in Milan, Italy, February 25, 2025. (Reuters)
A model presents a creation by the Gucci Fall-Winter 2025/2026 collection during Fashion Week in Milan, Italy, February 25, 2025. (Reuters)

Shares in Gucci owner Kering jumped Monday over reports that the outgoing boss of French automaker Renault would take over as chief executive of the struggling luxury group.

Renault shares, however, fell following its announcement Sunday that Luca de Meo, 58, would step down on July 15 "to take on new challenges outside the automobile sector" after five years at the helm of the company.

Le Figaro newspaper reported that de Meo would take over at Kering, the French luxury group that owns Gucci, Yves Saint Laurent, Balenciaga and other premium brands.

Kering has struggled to turn things around at Gucci, the Italian fashion house famous for its handbags and which accounts for half of the group's overall sales.

Previous reports have said the group's chief executive Francois-Henri Pinault would stay on as chairman of the group in a management shake-up.

Kering shares rose more than six percent to 183 euros ($212) in morning deals at the Paris stock exchange.

Shares in Renault fell 6.7 percent to 40.10 euros.

Known as a skilled communicator and marketing expert, de Meo is credited with bringing stability to a company that was in turmoil when he took over in 2020.

The automaker was reeling from more than a year of crisis in the wake of the scandal involving Carlos Ghosn, the former head of the Nissan-Renault alliance who fled Japan to avoid trial.

De Meo accelerated the group's shift to electric vehicles and pushed for an upmarket move in an effort to steer the company out of trouble. Renault also owns the Dacia, Alpine, and Lada brands.