Adidas investors intend to revolt against re-election of chair

Adidas investors intend to revolt against re-election of chair

DWS plans to vote against Thomas Rabe because of ‘repeated breach of expectations’

Adidas investor to vote against chairman re-election - Retail Gazette

Investment firm Allianz Global Investors is set to vote against the re-election of chairman Thomas Rabe at Adidas’ annual general meeting (AGM) later this week. Allianz said that it would vote against the chair’s re-election to the sportswear giant’s supervisory board at its AGM on 15 May, referencing “overboarding” concerns. Although proxy advisory firm Institutional Shareholder Services recommended that they vote against his re-election becaus…

Bertelsmann CEO Thomas Rabe wants to be elected to the Adidas supervisory board for another year. This is causing strong opposition. However, there is a lack of succession planning.

Against wind: The re-election of Bertelsmann and RTL-Germany CEO Thomas Rabe as Chairman of the Supervisory Board at Adidas seems to be on shaky legs. According to "Handelsblatt", "namous investors" want to vote against him. They accuse Rabe of "neither taking care of a successor at a good time nor taking care of more women on the Supervisory Board". According to the report, there had already been concerns that Rabe would hold too many offices. …

Allianz Global Investors will vote against the reappointment of the chairman of the sports brand at the Adidas general meeting. The asset manager of the German insurance giant Allianz believes that Thomas Rabe has too many mandates.

AllianzGI to vote against Adidas chair in AGM

The asset manager cited concerns over overboarding in its decision to oppose re-election.