BERLIN: Adidas CEO Kasper Rorsted announced on Monday that he would be stepping down next year, prompting the company to begin looking for a successor.

Rorsted, who has been CEO since 2016, and its supervisory board have “mutually agreed” that he will take over sometime in 2023, said Herzogenaurach, Germany-based Adidas.

“After three difficult years marked by the economic impact of the COVID-19 pandemic and geopolitical tensions, now is the right time to initiate a CEO turnover and pave the way for a reboot. “statement.

He thanked Rorsted for “major achievements” including strategically repositioning the company, significantly expanding online sales and doubling sales in North America.Rabe said TaylorMade, Reebok , and said that after selling CCM Hockey, the company was able to focus on its core brands.

Recent years have been “marked by several external factors that have significantly disrupted our business,” Rorsted said, requiring “significant efforts” to meet these challenges.

“This is why allowing the reopening in 2023 is the right thing for the company and for me personally,” he added.

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