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Adidas Chairman Thomas Rabe Re-elected Until 2025

Logo of Adidas brand is displayed on the store in the center of Warsaw, Poland, January 4, 2024. REUTERS/Kacper Pempel/File Photo Purchase Licensing Rights
Logo of Adidas brand is displayed on the store in the center of Warsaw, Poland, January 4, 2024. REUTERS/Kacper Pempel/File Photo Purchase Licensing Rights
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Adidas Chairman Thomas Rabe Re-elected Until 2025

Logo of Adidas brand is displayed on the store in the center of Warsaw, Poland, January 4, 2024. REUTERS/Kacper Pempel/File Photo Purchase Licensing Rights
Logo of Adidas brand is displayed on the store in the center of Warsaw, Poland, January 4, 2024. REUTERS/Kacper Pempel/File Photo Purchase Licensing Rights

A majority of Adidas shareholders backed the re-election of chairman Thomas Rabe at the company's annual general meeting on Thursday, securing his role for a fifth year, with the German sportswear brand set to appoint a successor in 2025.

Prominent proxy advisory firm Institutional Shareholder Services (ISS) had recommended in April that investors vote against Rabe's reappointment due to what it argued was an "excessive" number of roles at other companies, Reuters reported.

Adidas said Rabe's reappointment would serve to ensure a smooth handover of the chairmanship, which he has held since 2020. Rabe is also CEO of German broadcaster RTL Group and CEO of media conglomerate Bertelsmann.

"The succession planning for the Supervisory Board as a whole and for myself as Chairman of the Supervisory Board are paramount for me," Rabe said in a letter to shareholders ahead of the AGM.

Adidas' executive pay was also approved in a shareholder vote, although Norway's sovereign wealth fund, the fifth-biggest shareholder in Adidas, voted against for the second year in a row.

 

 

 

 

 

 

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New Coach Gattuso Vows to Restore Enthusiasm to Italy

Gennaro Gattuso, new head coach of Italy's national soccer team, attends a press conference during his official presentation, in Rome, Italy, 19 June 2025. EPA/FABIO FRUSTACI
Gennaro Gattuso, new head coach of Italy's national soccer team, attends a press conference during his official presentation, in Rome, Italy, 19 June 2025. EPA/FABIO FRUSTACI
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New Coach Gattuso Vows to Restore Enthusiasm to Italy

Gennaro Gattuso, new head coach of Italy's national soccer team, attends a press conference during his official presentation, in Rome, Italy, 19 June 2025. EPA/FABIO FRUSTACI
Gennaro Gattuso, new head coach of Italy's national soccer team, attends a press conference during his official presentation, in Rome, Italy, 19 June 2025. EPA/FABIO FRUSTACI

Italy's new coach Gennaro Gattuso on Thursday pledged to restore enthusiasm and create "a family" at the battered national team, aiming to secure qualification for the next World Cup after the Azzurri missed out twice in a row.

Gattuso replaces Luciano Spalletti, who was sacked this month following a 3-0 defeat by Norway in a World Cup qualifier. He officially departed after overseeing his final match, a 2-0 victory against Moldova.

"It's a dream come true, and I certainly hope to be up to the task. I know the job won't be easy, but nothing in life is easy," said Gattuso, who recently left Croatian club Hajduk Split after a third-placed finish in the country's top flight.

Nicknamed 'Ringhio' (Growler) for his tenacious attitude on the pitch, the 47-year-old earned 73 caps for the Italian national team and was a key member of the 2006 World Cup-winning squad.

Fans hope his strong character can help with the task of taking the four-time world champions to next year's World Cup, which will be played in the United States, Mexico and Canada, Reuters reported.

Italy, third in World Cup qualifying Group I, will host Estonia on September 5 before taking on Israel three days later.

"My goal is that whoever comes to the training ground comes with great enthusiasm and to create a family," said Gattuso, who according to a source at the Italian soccer federation (FIGC) was given a one-year contract.

Gattuso spent the bulk of his playing career at AC Milan, where he won two Champions League and two Serie A titles, before returning to coach the club from 2017 to 2019.

As a manager he won the Coppa Italia with Napoli in 2020.

"The primary aim is to create a sense of belonging" to the Azzurri team, Gattuso told reporters during his presentation to the press at a luxury hotel in central Rome.

The new coach said he believed players felt the pressure of having missed out on qualification for two World Cups in a row and that was weighing on the team's performance.

"We must be good at reacting, only those who react and give it all can get out of this situation," he said.