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.

 

 

 

 

 

 



Milan Come from Behind to Beat Juventus 2-1 in Super Cup Semi-final

Soccer Football - Italian Super Cup - Semi Final - Juventus v AC Milan - Al Awwal Park, Riyadh, Saudi Arabia - January 3, 2025 AC Milan's Christian Pulisic scores their first goal from the penalty spot REUTERS/Jennifer Lorenzini
Soccer Football - Italian Super Cup - Semi Final - Juventus v AC Milan - Al Awwal Park, Riyadh, Saudi Arabia - January 3, 2025 AC Milan's Christian Pulisic scores their first goal from the penalty spot REUTERS/Jennifer Lorenzini
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Milan Come from Behind to Beat Juventus 2-1 in Super Cup Semi-final

Soccer Football - Italian Super Cup - Semi Final - Juventus v AC Milan - Al Awwal Park, Riyadh, Saudi Arabia - January 3, 2025 AC Milan's Christian Pulisic scores their first goal from the penalty spot REUTERS/Jennifer Lorenzini
Soccer Football - Italian Super Cup - Semi Final - Juventus v AC Milan - Al Awwal Park, Riyadh, Saudi Arabia - January 3, 2025 AC Milan's Christian Pulisic scores their first goal from the penalty spot REUTERS/Jennifer Lorenzini

AC Milan reached the Italian Super Cup final after coming from behind to beat Juventus 2-1 on Friday in Sergio Conceicao's first game in charge, setting up a derby decider with Inter Milan.

A second-half penalty from Christian Pulisic and an own goal by Federico Gatti completed Milan's comeback after Kenan Yildiz had fired Juve into a 21st-minute lead.

Milan will play Inter in Monday's final, after the Serie A champions overcame Atalanta 2-0 in their semi-final meeting on Thursday, where Conceicao could immediately get his hands on a trophy after replacing the sacked Paulo Fonseca as Milan manager on Monday.

The expected intrigue of a father against son battle failed to materialise, after Juventus winger Francisco Conceicao was named in the starting 11 but was withdrawn after picking up an injury in the warm-up, according to Reuters.

Conceicao's place was taken by Yildiz, and after a slow, cagey start to the game, it was the Turkish forward who broke the deadlock.

A through pass from Samuel Mbangula caught the Milan defence off guard and found Yildiz who took the ball into the area before smashing his shot into the roof of the net, beating Milan keeper Mike Maignan at his near post.

The second half began with another Yildiz effort going just wide in the opening seconds, and shortly afterwards, he played a low pass across the area but Dusan Vlahovic sent his effort wide.

Milan had a massive chance to equalise from a corner kick when the ball fell to Theo Hernandez, but he somehow managed to send a shot over the bar from close range.

The game at last opened up and Nicolo Savona's foul on Hernandez gave Milan a penalty kick in the 71st minute which Pulisic sent straight down the middle to beat Michele Di Gregorio.

Milan went ahead four minutes later, through an own goal. Yunus Musah's cross took a wicked deflection off Juve defender Gatti which took the ball past Di Gregorio who had come off his line.

"For our second-half performance, we deserved the final. In the first half I saw a Milan with many doubts, like a few weeks ago," Conceicao told SportMediaset.

"Then we spoke at halftime. We had to understand what we had to do to win and they were really brave."

Deep into added time, Juventus had one last chance to send the game to penalties, but Gatti's volleyed effort from close range went just wide.

The Milan manager embraced his son after the game before celebrating with his players, and Conceicao will now aim to stop Inter from winning their fourth consecutive Super Cup trophy.

"The second half was completely different, but we haven't done anything yet," Conceicao said.

"We have one less day of rest and this is an important factor."