Kasper Rørsted
Born (1962-02-24) 24 February 1962
Aarhus, Denmark

Kasper Rørsted (born 24 February 1962) is a Danish business executive who has been the CEO of German sportwear firm Adidas since 2016.[1] On 22 August 2022, it was announced that he would hand over his role as CEO during the course of 2023.[2]

Early life and education

During high school, Rørsted played handball for Denmark's national youth team. He went on to study at Copenhagen Business School with further Executive Education at Harvard Business School.[3][4]

Career

Early career

In his early career, Rørsted worked with Oracle, Digital Equipment Corporation, and Compaq. From 2001 to 2002, he was managing director of Compaq Enterprise Business Group in EMEA.[5] He moved to the managing director position at HP EMEA from 2002 to 2004.[5] In 2005 he became director at Henkel, become vice chairman in 2007 and CEO in 2008. Under his stewardship, the group's market capitalization quadrupled to more than €36 billion.[6][7][8]

In January 2016, it was announced that Kasper would leave the company to become CEO of Adidas, replacing Herbert Hainer.[9][10] In 2020, the Adidas supervisory board extended his contract until 2026.[11] In 2022, however, Rørsted and the company's supervisory board had mutually agreed that he would hand over his position during the course of 2023.[12]

Other activities

Rørsted has been a member of several corporate boards and non-profit organizations, including Siemens AG,[13] Nestlé,[14][15] and European Round Table of Industrialists (ERT).[16]

Personal life

Rørsted is married with four children. The family resides in Munich.[3]

References

  1. ↑ "Kasper Rorsted to succeed Herbert Hainer as CEO of adidas AG".
  2. ↑ "Adidas Seeks New CEO Following Rorsted's Surprise Departure".
  3. 1 2 James Shotter (January 22, 2016), Kasper Rorsted brings intellectual curiosity to Adidas Financial Times.
  4. ↑ "Kasper Rorsted is running Adidas to the top of the market". Retrieved 2021-05-06.
  5. 1 2 Turula, Tom. "Adidas CEO says his worst career setback was getting fired from HP for having a bad attitude". Business Insider. Retrieved 2021-05-06.
  6. ↑ James Shotter (January 22, 2016), Kasper Rorsted brings intellectual curiosity to Adidas Financial Times
  7. ↑ Caroline Copley (May 30, 2013), Henkel boss is possible candidate for ABB CEO - report Reuters
  8. ↑ Ludwig Burger and Frank Siebelt (June 20, 2013), BASF rules out deputy CEO taking top job at Linde Reuters.
  9. ↑ Keith Weir (January 18, 2016), Henkel CEO quits after 8 years, reviving talk of Adidas move Reuters.
  10. ↑ Maria Sheahan and Emma Thomasson (January 18, 2016), Adidas names Henkel's Rorsted to replace Hainer as CEO Reuters.
  11. ↑ Riham Alkousaa (August 4, 2020), Adidas extends CEO Rorsted's contract for five years Reuters.
  12. ↑ Maria Sheahan (22 August 2022), Adidas says CEO Rorsted to give up his post in 2023 Reuters.
  13. ↑ Siemens proposes new Supervisory Board members to its Annual Shareholders’ Meeting Siemens, press release of December 8, 2020.
  14. ↑ Nestlé nominates three new independent directors to Board Nestlé, press release of January 18, 2018.
  15. ↑ Martinne Geller (January 18, 2016), Nestle nominates three board directors to help advance strategy Reuters.
  16. ↑ Members European Round Table of Industrialists.
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