Adidas HR chief latest board member to leave since arrival of Gulden as CEO


BERLIN (Reuters) – Adidas said on Wednesday that its HR chief Amanda Rajkumar would leave the company this month after less than three years in the role, becoming the third board member to do so since Bjorn Gulden took over as CEO.
BERLIN (Reuters) – Adidas said on Wednesday that its HR chief Amanda Rajkumar would leave the company this month after less than three years in the role, becoming the third board member to do so since Bjorn Gulden took over as CEO.
Rajkumar, who joined Adidas in 2020 from BNP Paribas to replace Karen Parkion, decided not to renew her contract, which runs to the end of the year, the company said in a statement.
Her position on the executive board will be terminated on July 15, it added.
Roland Auschel and Brian Grevy left the sportswear maker’s board in March, marking the first high-level departures since Gulden took over as CEO of Adidas at the beginning of 2023.
(Reporting by Alexander Huebner, Writing by Friederike Heine; Editing by Madeline Chambers)
Corporate governance refers to the systems, principles, and processes by which companies are directed and controlled. It encompasses the relationships among a company's management, its board, shareholders, and other stakeholders.
An HR chief, or Chief Human Resources Officer (CHRO), is responsible for overseeing all aspects of human resource management and labor relations within an organization, including recruitment, training, and employee benefits.
A board member is an individual who serves on a company's board of directors, responsible for overseeing the company's activities, making key decisions, and ensuring that the company is managed in the best interests of its shareholders.
Contract termination refers to the legal ending of a contract before its completion date, which can occur for various reasons, including mutual agreement, breach of contract, or expiration of the contract terms.
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