Fashion
German sportwear adidas AG extends Bjørn Gulden as CEO until Dec 2030
Executive Board
The Supervisory Board of adidas AG has extended CEO Bjørn Gulden’s contract to December 31, 2030, and Michelle Robertson’s to December 31, 2031, ensuring leadership continuity.
Nassef Sawiris is set to succeed Thomas Rabe as chairman following the May 07, 2026 AGM, with Ian Gallienne proposed for re-election and Mathias Döpfner nominated as a new board member.
The Supervisory Board of adidas AG has extended Bjørn Gulden’s appointment as Chief Executive Officer until December 31, 2030. Bjørn Gulden has been a member of the Executive Board and Chief Executive Officer of adidas AG since January 1, 2023.
“With his long-standing experience, his deep understanding of our industry, his strong leadership, and his clear focus on quality growth, Bjørn Gulden drove the successful turnaround of adidas during the past three years”, says Thomas Rabe, Chairman of the Supervisory Board. “Under his leadership, adidas has made tremendous operational and financial progress in a challenging environment, laying a strong foundation for further sustainable top- and bottom-line growth in the future. The extension of his contract is a clear commitment to continuity, stability, and a continued trustful collaboration between the Executive Board and the Supervisory Board. We are convinced that, together with his Executive Board team, Bjørn Gulden will continue to make adidas successful in the long run.”
Moreover, the Supervisory Board of adidas AG has also extended the appointment of Michelle Robertson, responsible for Global Human Resources, People and Culture, until December 31, 2031.
“I am delighted to announce that we have also extended Michelle Robertson’s appointment. During the past two years, she has successfully driven the development and direction of the global HR organization and our corporate culture. She accelerated key initiatives in the areas of people & culture, talent development, and modern working environments, thus further improving the company’s performance and adidas’ position as an attractive employer brand“, says Thomas Rabe.
Supervisory Board
In view of the Annual General Meeting on May 7, 2026, the Supervisory Board of adidas AG has furthermore agreed to propose the re-election of Nassef Sawiris to the Supervisory Board for a further three-year term of office. Following the Annual General Meeting, the Supervisory Board intends to elect Nassef Sawiris as Chairman of the Supervisory Board. He is to succeed Thomas Rabe as Chairman, whose term of office will end as planned at the close of the upcoming Annual General Meeting.
Nassef Sawiris (65) has been a member of the Supervisory Board since June 2016, and has been Deputy Chairman of the Supervisory Board since 2025.
“With Nassef Sawiris, the Supervisory Board will win an experienced entrepreneur and investor as Supervisory Board Chairman. Nassef has already accompanied adidas for many years as a Supervisory Board member and has contributed significantly to the strategic development of the company. His significant shareholding in adidas through NNS underscores his strong and long-term commitment to the company and alignment with shareholder interests. In addition, his international perspective and entrepreneurial vision will strengthen adidas further in a dynamic market environment. As Chairman of the Supervisory Board, Nassef Sawiris will be a driving force in the continued successful collaboration with the Executive Board and will represent the interests of our shareholders in a responsible manner. I would like to wish him and the entire Supervisory Board every success for the future”, says Thomas Rabe, Chairman of the Supervisory Board of adidas AG.
Thomas Rabe (60) has been a member of the Supervisory Board since 2019 and Chairman since August 2020. Thomas Rabe’s term as Chairman was a period of change and stabilization, marking a strategic restart for adidas AG.
Nassef Sawiris says: “I am delighted about my nomination for the position of Chairman of the Supervisory Board of adidas AG. In a time when there are still huge opportunities for our company in a very attractive industry, it is particularly important to me to take an active part in shaping the future of adidas together with my Supervisory Board colleagues and the Executive Board. I greatly appreciate the achievements of Bjørn and his team so far, and I am looking forward to continuing our close collaboration as we jointly guide adidas into its next chapter. Already today, I would like to thank Thomas Rabe on behalf of all Supervisory Board members for his long-standing leadership, the trustful collaboration, and his achievements for the company.”
Besides Nassef Sawiris, the Supervisory Board will also propose to the Annual General Meeting in May 2026 that Ian Gallienne (55), Chairman of the Board of Directors, Groupe Bruxelles Lambert, be re-elected for a term of three years.
As a new member of the Supervisory Board, Mathias Döpfner, Chief Executive Officer of Axel Springer SE, will be proposed for election to the shareholders. Mathias Döpfner (63) has been Chief Executive Officer of Axel Springer SE since 2002, transforming the company from a traditional publishing house into a digital media group during this time. Thomas Rabe says: “Mathias Döpfner will complement the Supervisory Board perfectly with his strong executive leadership experience and his deep expertise in brand building, digital transformation, and corporate governance. He brings valuable strategic insight into global markets, consumer engagement, and commercial growth, making him a highly qualified candidate for our Supervisory Board.”
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
The Delhi cotton yarn market remained stable, though demand from downstream industries was weak at elevated price levels. Garment demand in both domestic and export markets also remained sluggish. A trader from Delhi market told Fibre*Fashion, “Spinning mills are selling cotton yarn at an additional margin of at least ** per cent. They have a cushion of advance orders from other countries. Mills have export orders for the next *–* months, so they do not need to sell in the domestic market. They are selling cotton yarn domestically at higher prices than export realisations.”
In Delhi, ** count combed knitting yarn was traded at ****;***–*** (~$*.**–*.**) per kg (GST extra), while ** count combed yarn was priced at ****;***–*** (~$*.**–*.**) per kg. Meanwhile, ** count carded yarn was traded at ****;***–*** (~$*.**–*.**) per kg and ** count carded at ****;***–*** (~$*.**–*.**) per kg, according to market sources.
Bangladesh Foreign Minister Khalilur Rahman and EU High Representative and Vice President Kaja Kallas witnessed the initialling. Rahman was accompanied by Prime Minister’s Foreign Affairs Adviser Humayun Kabir.
Bangladesh and the EU have initialled a Partnership and Cooperation Agreement in Brussels.
Dhaka termed it a forward-looking framework to elevate cooperation across political, economic, development and security domains.
Foreign Minister Khalilur Rahman highlighted predictable market access as a priority and expressed Bangladesh’s interest in advancing talks on an FTA and an investment protection pact.
The PCA is a forward-looking framework to elevate cooperation across political, economic, development and security domains, the Bangladesh Foreign Ministry said in a release.
Both sides reaffirmed their commitment to strengthening the longstanding partnership and expanding collaboration on regional and global issues.
They underscored the need to deepen cooperation in trade and investment, migration and mobility, regional collaboration and humanitarian affairs.
Rahman highlighted predictable market access as a priority and expressed Bangladesh’s interest in advancing negotiations on a free trade agreement and an investment protection agreement, according to a domestic news agency.
Rahman also met Belgium’s Deputy Prime Minister and Foreign Minister Maxime Prevot, and both explored opportunities in trade, investment, connectivity, innovation and multilateral cooperation.
They agreed to hold the third Bangladesh-Belgium consultations in Brussels later this year.
Rahman welcomed more engagement by Belgian businesses in logistics, port management, biotechnology, pharmaceuticals, technology and water management.
Fibre2Fashion News Desk (DS)
The discussion brought together policymakers, trade bodies, research institutions and industry stakeholders from India and Vietnam, reflecting growing interest in building deeper bilateral engagement. Participants examined opportunities arising from supply chain diversification, sustainability mandates and the increasing role of digital transformation in manufacturing, according to Vietnamese media reports.
The Vietnam Trade Office in India held an online seminar to boost textile, footwear and leather collaboration amid shifting global supply chains.
Stakeholders highlighted complementary strengths, with Vietnam strong in garments and India in raw materials.
Discussions focused on silk cooperation, investment opportunities and technology exchange.
Upcoming trade fairs and exhibitions were also promoted.
Vietnam’s Trade Counsellor in India, Bui Trung Thuong, noted that both economies complement each other across the value chain. He highlighted Vietnam’s strength in garment production alongside India’s capabilities in raw materials and textiles, suggesting that closer cooperation could support the development of integrated and higher-value supply chains.
He added that the forum aims to encourage direct engagement between businesses and investors to unlock opportunities in technology adoption, investment and sustainable practices.
India’s silk sector emerged as a key area for collaboration. P Sivakumar, CEO of the Central Silk Board, outlined India’s strong research base and global standing in silk production. He identified scope for joint work in silkworm breeding, technology transfer and workforce development, while also pointing to opportunities in value-added applications beyond textiles, including cosmetics and pharmaceuticals. He further encouraged Vietnam’s participation in international sericulture platforms to deepen knowledge exchange.
From an investment standpoint, Invest India representative Aditya Das underscored India’s manufacturing ecosystem and policy support for foreign investors. He observed that complementary strengths between the two countries could drive partnerships in trade, joint ventures and integrated production networks.
Vietnamese representatives echoed interest in expanding technical cooperation. Nguyen Thi Nhai of the Vietnam Sericulture Research Centre emphasised the need for deeper collaboration in post-cocoon technologies, product innovation and training exchanges, while seeking greater institutional linkages with Indian counterparts.
The seminar also highlighted upcoming industry events aimed at fostering business connections. Vietnam will host the 26th International Shoes and Leather Exhibition in Ho Chi Minh City from July 8 to 10, while India’s Bharat Tex 2026 is scheduled for July 14 to 17 as a comprehensive global textile platform. Industry representatives also promoted sector-specific exhibitions such as Meet at Agra 2026 to encourage partnerships.
Fibre2Fashion News Desk (SG)
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