Thomas Rabe, 55, has been appointed as the new chairman of Adidas AG’s supervisory board. He succeeds the 76-year-old Igor Landau after 16 years in that position. Rabe became chief financial officer of Bertelsmann in 2006 and was promoted to chief executive of the global media company six years later. He joined Adidas’ supervisory board on May 9, 2019, serving as deputy chairman of the group since then. At the company’s virtual annual meeting, Adidas’ shareholders also appointed Ian Gallienne as deputy chairman. They also elected a new member of the supervisory board, the 40-year-old Christian Klein, who became joint CEO of SAP last October and its sole CEO in April. Furthermore, Bodo Uebber has replaced Herbert Kauffmann as chairman of Adidas’ audit committee. Because of the coronavirus crisis, the members of the supervisory board have decided to waive 30 percent of their remuneration for this year and to donate the funds to SOS Children’s Villages and other charities.