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Adidas Names New CEO, Hainer to Exit Early

Adidas

Adidas is looking for a clean break from its long-standing CEO Hebert Hainer. The German sportswear and footwear confirmed Kasper Rorsted, currently the CEO of the German soap company Henkel, will succeed Hainer later this year. Adidas AG shares soared almost 11 percent after the Monday morning announcement.

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