Andy Köhler, the chief of the Adidas Group's sourcing operations in Hong Kong, is to join Puma as chief operating officer, according to a report in Germany's Manager magazine at the end of last year. Puma declined to comment but Adidas confirmed that Köhler had left the company. Almost the entire group of top executives at Puma has exited the company or will do so by the end of March. The exceptions are Stefano Caroti, chief commercial officer, and Michael Lämmermann, chief financial officer. He just took over this function from Klaus Bauer, who was also the former chief operating officer, and who left Puma at the end of last year.

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