Hotline: 1800 102 2007
Hotline: 1800 102 2007
Mar, 10 2017

Harm Ohlmeyer to join Adidas as the new finance chief

Adidas supervisory board Chairman Igor Landau said in a statement that Ohlmeyer had played a key role in efforts to make Adidas more digital, increasing ecommerce sales to 1 billion euros ($1.1 billion).

Harm Ohlmeyer to join Adidas as the new finance chief

Adidas said it has appointed Harm Ohlmeyer, head of the group's global eCommerce business, as new finance chief from May 12, replacing Robin Stalker, who served alongside former boss Herbert Hainer for 16 years.

The appointment is the second executive change at Adidas since activist shareholders bought stakes in the company in 2015 after its shares had tumbled following a series of profit warnings as it failed to keep pace with U.S. rival Nike.

The stock's value has since almost tripled as the firm has hiked marketing spending, helping sales in the U.S. market.

Hainer was replaced as chief executive in October by Kaspar Rorsted, the Danish former chief of consumer goods group Henkel , prompting speculation among investors that Stalker, 59, might be the next to go.

Ohlmeyer, a 49-year-old German, joined the company in 1998, holding roles including head of finance for the core Adidas brand and finance chief for the firm's golf business, before taking over as ecommerce chief in 2011.

Adidas supervisory board Chairman Igor Landau said in a statement that Ohlmeyer had played a key role in efforts to make Adidas more digital, increasing ecommerce sales to 1 billion euros ($1.1 billion).

Rorsted is due to set out his strategy when Adidas posts results for 2016. He has already said that the U.S. market and digitalisation will be top priorities as he seeks to build on a five-year plan launched in 2015 by Hainer.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Department & Convenience Stores
    Turnip Superstore is a Brand of Hyper Local Nouveau Express..
    Locations looking for expansion DELHI
    Establishment year 2009
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater NEW DELHI DELHI
  • Men's Footwear
    Established in 2003, Mr. Pronto is a Chennai-based brand engaged..
    Locations looking for expansion Tamil nadu
    Establishment year 2003
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Department & Convenience Stores
    Launched in 2018, Shri Chyawan Ayurveda Health Care Pvt. Ltd...
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Casual Dine Restaurants
      We still have the passion alive in today’s world, Kulchas..
    Locations looking for expansion Gujarat
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Vadodara Gujarat
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities