‘Very suitable replacement’ “Rorsted is seen as a very suitable replacement for Hainer given his leadership record at Henkel and re establishing the latter as a ‘growth group’.” said Equinet analyst Mark Josefson.And as an experienced long distance runner, he will need an athlete’s stamina in his new position at Adidas.His main challenge, according to Cedric Rossi, an analyst at Bryan, Garnier and Co investment bank, will be to “ensure sustainable growth in the United States”.It was there that the 61 year old Hainer ran aground.Hainer has been at the helm since 2001, making him the longest serving chief executive among the 30 companies on Germany’s blue chip DAX index. And his track record has been generally impressive.”Under his leadership, Adidas group sales have tripled, net income and the number of employees have quadrupled and the value of the company has increased from 3.0 billion euros ($3.3 billion) to 18 billion euros,” said supervisory board chief Igor Landau.”However, he has been under pressure in recent years following the slow progress made with Reebok which was ‘his’ acquisition that was meant to narrow the gap to Nike as well as missing” medium term group targets, said Equinet’s Josefson.Rorsted will have to decide whether to hold on to Reebok, as well as its golf brands. ‘End to dry period’ At Union Investment, fund managers hope that the arrival of a new CEO will mark “the end of the dry period for Adidas in terms of profitability”.Last month, the group’s chief financial officer Robin Stalker warned that the strong dollar will lead to sharply increased costs this year.Rorsted will shadow Hainer during a two month transition period starting in August and the two men are reported to be friends.Adidas has launched a new strategy to lift sales to 20 billion euros by 2020.
Thanks, the role of America in END TIMES is rather murky. I tend to think we will be reluctant to get involved or be on the wrong side since we are a major power. I think America is no longer under God as we once were and we will be a nation divided more and more.13 hours ago from Midland MI.
Researchers describe AlterEgo as an “intelligence augmentation” device, or IA for short. A person slips the mechanism over their ear and jaw, similar to a headset that performers wear on stage. Inside the device are four electrodes that touch the person’s skin.
“I want to find out what your thinking was. I want to find out what your feelings are,” a disembodied Earl Woods intones. “And, did you learn anything?”. A documentary about Hamilton’s life called “Unstoppable” is scheduled to be released in 2018. It will cover her accident and return to surfing but also cover her performance during the World Surfing League (WSL) competition. Hamilton came in third in the Fiji Women’s Pro Competition.