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.

 

 

 

 

 

 



French Open Organizers Scrap 25th Anniversary Ceremony for Mary Pierce as She Can’t Attend 

Sixth-seeded Mary Pierce of France kisses the trophy after she defeated fifth-seeded Conchita Martinez of Spain 6-2, 7-5, during their final at the French Open tennis tournament at Roland Garros stadium in Paris Saturday, June 10, 2000. (AP)
Sixth-seeded Mary Pierce of France kisses the trophy after she defeated fifth-seeded Conchita Martinez of Spain 6-2, 7-5, during their final at the French Open tennis tournament at Roland Garros stadium in Paris Saturday, June 10, 2000. (AP)
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French Open Organizers Scrap 25th Anniversary Ceremony for Mary Pierce as She Can’t Attend 

Sixth-seeded Mary Pierce of France kisses the trophy after she defeated fifth-seeded Conchita Martinez of Spain 6-2, 7-5, during their final at the French Open tennis tournament at Roland Garros stadium in Paris Saturday, June 10, 2000. (AP)
Sixth-seeded Mary Pierce of France kisses the trophy after she defeated fifth-seeded Conchita Martinez of Spain 6-2, 7-5, during their final at the French Open tennis tournament at Roland Garros stadium in Paris Saturday, June 10, 2000. (AP)

A ceremony to honor Mary Pierce, the last Frenchwoman to win the title at Roland-Garros 25 years ago, has been scrapped because she can't attend, French Open organizers said on Wednesday.

The ceremony was scheduled to take place on Thursday between the women’s semifinals at the clay-court Grand Slam tournament. But Pierce is unable to be there this week “due to personal reasons,” organizers said.

Pierce’s title at the 2000 French Open was the most recent in singles for a French player, male or female, at Roland-Garros. The 50-year-old Pierce also won the doubles title that year. Her other Grand Slam singles title came at the 1995 Australian Open, and she helped France win two Fed Cup titles.

The ceremony was supposed to celebrate the 25th anniversary of her title at Roland-Garros, as well as her 2019 induction into the International Tennis Hall of Fame, French Open organizers said.