Martin Shankland has stepped down from his position as thecurrent Head-Global Operations, Adidas AG as the brand continues to shrink its executive board.
Having served Adidas for over 27 years, Shankland, resigned from the company’s board on Aug 10, 2024. Part of his responsibilities are being taken over by Harm Ohlmeyer, Chief Financial Officer, Shankland’s resignation reduces Adidas’ executive board to just four member.
Shankland joined Adidas’ executive board in 2019 under the leadership of Kasper Rorsted, former Chief Executive Officer. He appointment followed a series of crisis for the German company including boycotts in China and the implosion of the now canceled Yeezy partnership with the rapper Ye.
However, the company’s performance rebounded in the past year under the leadership of Bjorn Guiden, CEO, who joined the firm in Jan 2023. Guiden has been responsible for reinventing the company’s management team and overseeing the operations of the brand Adidas.
