With two planned items on the supervisory board of the new major shareholders of Adidas underpin their claim to power. The Egyptian billionaire Nassef Sawiris and the co-head of the Belgian company Groupe Bruxelles Lambert, Ian Gallienne want future co-decide on the strategy and the occupation of the Board. They shall be elected by the General Meeting on May 12 in the control panel, said the sports equipment. The supervisory board should be increased for that.
Sawiris had gone last year at Adidas and counts with more than five percent of the voting rights of the largest individual shareholders of Dax Group. The investor who made a fortune with the Dutch building and chemical group OCI, had announced in November that he was interested “in a constructive dialogue” with the management.The longstanding Adidas boss Herbert Hainer is in October by the chief of the consumer group Henkel, Kasper Rorsted, detached.
2015 Sawiris had the fund company Southeastern Asset allied with the US investor Mason Hawkins and Management, to influence to take on selected European companies. Southeastern comes with Adidas on more than three percent of the shares.
Supervisory grows to 16 members
Behind the Groupe Bruxelles Lambert is the Belgian billionaire Albert Frere. The group also owns more than five percent of Adidas. Together with Sawiris led Frere cement group Lafarge in the merger with Swiss rival Holcim. In the statistics of the magazine “Forbes” both entrepreneurs carry out each of the lists of the richest men in their home countries.
When Sawiris and Gallienne join the supervisory board, is expected to grow to 16 members, the Panel. Currently it consists of twelve members. “With the planned enlargement of the Supervisory Board, we contribute to the increased size and stronger internationality of our business account,” said the chairman Igor Landau.
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