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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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Cancelo Ruled Out of Al-Hilal’s Asian Champions League Semi with Al-Ahli 

Football - Saudi Pro League – Al-Hilal v Al-Shabab - Kingdom Arena, Riyadh, Saudi Arabia - April 21, 2025 Al-Hilal coach Jorge Jesus is seen during the match. (Reuters) 
Football - Saudi Pro League – Al-Hilal v Al-Shabab - Kingdom Arena, Riyadh, Saudi Arabia - April 21, 2025 Al-Hilal coach Jorge Jesus is seen during the match. (Reuters) 
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Cancelo Ruled Out of Al-Hilal’s Asian Champions League Semi with Al-Ahli 

Football - Saudi Pro League – Al-Hilal v Al-Shabab - Kingdom Arena, Riyadh, Saudi Arabia - April 21, 2025 Al-Hilal coach Jorge Jesus is seen during the match. (Reuters) 
Football - Saudi Pro League – Al-Hilal v Al-Shabab - Kingdom Arena, Riyadh, Saudi Arabia - April 21, 2025 Al-Hilal coach Jorge Jesus is seen during the match. (Reuters) 

Al-Hilal coach Jorge Jesus has ruled Joao Cancelo out of the remainder of his side's Asian Champions League Elite campaign with a hamstring injury ahead of their all-Saudi Pro League semi-final against Al-Ahli in Jeddah on Tuesday.

The former Manchester City and Barcelona defender limped off 42 minutes into Al-Hilal's 7-0 thrashing of South Korea's Gwangju on Friday and Jesus confirmed the 30-year-old would play no further part in the continental championship.

"The only negative part of an excellent night was the injury to Joao Cancelo," said Jesus. "He's one of the players who is very important for the team for his attacking ability.

"We will not have him. He will be out for four to six weeks, that means his season is practically over, but he will be well prepared for our participation in the Club World Cup."

Al-Hilal remain on track for a record-extending fifth Asian title but face a difficult challenge against an Al-Ahli side that is the only undefeated team left in the competition.

The clubs have already met three times this season in domestic competition, with Al-Ahli winning the most recent encounter in the Saudi Pro League thanks to a hat-trick by England striker Ivan Toney.

That win was coach Matthias Jaissle's first against Al-Hilal in five attempts and the German is confident his side can repeat the feat.

"It helps definitely to know, to feel that we are capable to win against Al-Hilal," said Jaissle.

"We've played against Al-Hilal so often and they have huge quality in their squad, but we're well prepared. We know exactly what will come tomorrow, there will be no surprises on the pitch. Details will be decisive."

The semi-final will be played at Al-Ahli's home at the King Abdullah Sports City Stadium and Jaissle is hoping the support of the local fans will be a factor in deciding the outcome.

"The results in the matches since the competition started show clearly that this competition fits us," he said. "But we didn't achieve anything so far.

"Everything has to fit together, all the details in all phases of the game. Then you need sometimes a bit of luck and the extra energy of the fans."