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Adidas Nominates Billionaire Nassef Sawiris as Next Chairman
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Adidas Nominates Billionaire Nassef Sawiris as Next Chairman
Adidas wants one of Africa's richest men to run its boardroom.The German sportswear giant is looking to replace supervisory board chairman Thomas Rabe with Egyptian billionaire Nassef Sawiris, a long-standing board member and one of the company's largest shareholders. The move, if confirmed, would hand Sawiris one of the most prominent corporate chairmanships in global sport.Sawiris, worth an estimated $9.3 billion, is not new to Adidas. He has …
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