Puma names new CEO with immediate influence as Bjorn Gulden heads to Adidas

Puma names new CEO with immediate influence as Bjorn Gulden heads to Adidas


Pedestrians wander by a substantial Adidas emblem within the German multinational sportswear store.

Miguel Candela | SOPA Photographs | LightRocket by using Getty Illustrations or photos

Puma introduced forward the commence day of its upcoming chief government on Tuesday, naming Arne Freundt with rapid effect as rival Adidas verified that Bjorn Gulden would be its following head.

Puma experienced introduced very last week that Gulden – who served as head of the sportswear maker considering the fact that 2013 – would be leaving at the conclusion of 2022, with Freundt originally set to commence Jan. 1.

Gulden is now set to get about at Adidas from Jan. 1 soon after recent Chief Government Kasper Rorsted mutually agreed with the supervisory board that he would step down and depart the company after Nov. 11, 2022.

Adidas has been looking since August for a successor to Rorsted, who had at first prepared to go away his submit in 2023.

Adidas reported its main economic officer, Harm Ohlmeyer, would direct the business in the interim until eventually Dec. 31, 2022.



Resource

Tesla stock closes at record as investors rally around Musk’s robotaxi hype despite slow EV sales
World

Tesla stock closes at record as investors rally around Musk’s robotaxi hype despite slow EV sales

What started off as a particularly rough year for Tesla investors is turning into quite the celebration. Following a 36% plunge in the first quarter, the stock’s worst period since 2022, Tesla shares have rallied all the way back, reaching an all-time closing high of $489.88, jumping 3.1% on Tuesday. They’re now up 21% for […]

Read More
Nasdaq moves to make trading nearly 24 hours. Why some on Wall Street say that’s a bad idea
World

Nasdaq moves to make trading nearly 24 hours. Why some on Wall Street say that’s a bad idea

The Nasdaq MarketSite in New York, US, on Thursday, Nov. 20, 2025. Michael Nagle | Bloomberg | Getty Images Nasdaq is moving closer to around-the-clock stock trading, a shift that some on Wall Street are calling unnecessary — and potentially destabilizing. The exchange said it plans to submit paperwork to the Securities and Exchange Commission […]

Read More
Investors are all in on stocks: Bank of America survey shows record low cash level
World

Investors are all in on stocks: Bank of America survey shows record low cash level

While the market may be stalling into year-end, investors are keeping the faith, Bank of America data shows. The share of portfolios in cash fell to a record low 3.3% in December, according to the bank’s Global Fund Manager survey. That’s down from 3.7%. Michael Hartnett, chief investment strategist at Bank of America, dubbed the […]

Read More