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.

 

 

 

 

 

 



Paolini Parts Ways with Coach after Early Wimbledon Exit

Jasmine Paolini of Italy leaves the court after losing her Women's 2nd round match at the Wimbledon Championships, Wimbledon, Britain, 02 July 2025.  EPA/TOLGA AKMEN
Jasmine Paolini of Italy leaves the court after losing her Women's 2nd round match at the Wimbledon Championships, Wimbledon, Britain, 02 July 2025. EPA/TOLGA AKMEN
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Paolini Parts Ways with Coach after Early Wimbledon Exit

Jasmine Paolini of Italy leaves the court after losing her Women's 2nd round match at the Wimbledon Championships, Wimbledon, Britain, 02 July 2025.  EPA/TOLGA AKMEN
Jasmine Paolini of Italy leaves the court after losing her Women's 2nd round match at the Wimbledon Championships, Wimbledon, Britain, 02 July 2025. EPA/TOLGA AKMEN

World number four Jasmine Paolini has parted company with coach Marc Lopez just days after her second-round exit from Wimbledon, the Italian said.

Paolini, who last year became the first Italian woman in the Open era to reach the Wimbledon final, lost 4-6 6-4 6-4 to Russian Kamilla Rakhimova last week.

The 29-year-old began working with Lopez in April after ending a decade-long partnership with Renzo Furlan.

Under the guidance of Lopez, a former doubles world number three who was once part of Rafa Nadal's coaching team, Paolini won her second WTA 1000-level crown at the Italian Open and also lifted the women's doubles title at the French Open.

"We had some great results together. Especially in Rome and Paris," Paolini wrote on social media on Monday, according to Reuters. "I appreciate all the hard work and energy Marc gave every day.

"Now that this part of the season is over, I've decided to make a change. "I've learned a lot and made good progress. And now I'm taking the time to reflect on what the next step will be. Thank you again, Marc, for everything."a