Kasper Rørsted (born 24 February 1962) is a Danish business executive who was the CEO of German sportwear firm Adidas from 2016 until November 2022.
Early life and education During high school, Rørsted played handball for Denmark's national youth team. He went on to study at Niels Brock Copenhagen Business College with further Executive Education at Harvard Business School.James Shotter (January 22, 2016), Kasper Rorsted brings intellectual curiosity to Adidas Financial Times.
Career Early career In his early career, Rørsted worked with Oracle, Digital Equipment Corporation, and Compaq. From 2001 to 2002, he was managing director of Compaq Enterprise Business Group in EMEA. He moved to the managing director position at HP EMEA from 2002 to 2004. In 2005 he became director at Henkel, become vice chairman in 2007 and CEO in 2008. Under his stewardship, the group's market capitalization quadrupled to more than €36 billion.James Shotter (January 22, 2016), Kasper Rorsted brings intellectual curiosity to Adidas Financial TimesCaroline Copley (May 30, 2013), Henkel boss is possible candidate for ABB CEO - report ReutersLudwig Burger and Frank Siebelt (June 20, 2013), BASF rules out deputy CEO taking top job at Linde Reuters.
In January 2016, it was announced that Kasper would leave the company to become CEO of Adidas, replacing Herbert Hainer.Keith Weir (January 18, 2016), Henkel CEO quits after 8 years, reviving talk of Adidas move Reuters.Maria Sheahan and Emma Thomasson (January 18, 2016), Adidas names Henkel's Rorsted to replace Hainer as CEO Reuters. In 2020, the Adidas supervisory board extended his contract until 2026.Riham Alkousaa (August 4, 2020), Adidas extends CEO Rorsted's contract for five years Reuters. In 2022, however, Rørsted and the company's supervisory board had mutually agreed that he would hand over his position during the course of 2023. Adidas paid 16 million USD as compensation for his early departure. Maria Sheahan (22 August 2022), Adidas says CEO Rorsted to give up his post in 2023 Reuters.
Other activities Rørsted has been a member of several corporate boards and non-profit organizations, including Siemens AG,Siemens proposes new Supervisory Board members to its Annual Shareholders’ Meeting Siemens, press release of December 8, 2020. Nestlé,Nestlé nominates three new independent directors to Board Nestlé, press release of January 18, 2018.Martinne Geller (January 18, 2016), Nestle nominates three board directors to help advance strategy Reuters. and European Round Table of Industrialists (ERT).Members European Round Table of Industrialists.
Personal life Rørsted is married with four children. The family resides in Munich.
References
External links "Blue book: Kasper Rørsted (Danish)" Århus Stiftstidende. Retrieved Jan 18, 2016