Kasper Rorsted Resigns from Bertelsmann Supervisory Board
Kasper Rorsted (57), Chairman & CEO of adidas AG and a member of the Bertelsmann Supervisory Board since May 2011, is stepping down from Bertelsmann’s supervisory committee with effect from March 31, 2019. The Bertelsmann Annual General Meeting will decide on a successor in due course. Kasper Rorsted’s resignation is connected to Adidas’ decision to propose Bertelsmann Chairman & CEO Thomas Rabe for election to the Adidas Supervisory Board at Adidas’ Annual General Meeting on May 9, 2019.
Christoph Mohn, Chairman of the Bertelsmann Supervisory Board, said: “Kasper Rorsted is one of Germany’s outstanding entrepreneurs with international management experience. I am very grateful that he has closely supported Bertelsmann’s strategic realignment, which was initiated in 2012 under the leadership of Thomas Rabe, on the Supervisory Board, and helped advance it with his valuable input on Bertelsmann’s supervisory committee.
Bertelsmann is a media, services and education company that operates in about 50 countries around the world. It includes the broadcaster RTL Group, the trade book publisher Penguin Random House, the magazine publisher Gruner + Jahr, the music company BMG, the service provider Arvato, the Bertelsmann Printing Group, the Bertelsmann Education Group and Bertelsmann Investments, an international network of funds. The company has 119,000 employees and generated revenues of €17.2 billion in the 2017 financial year. Bertelsmann stands for entrepreneurship and creativity. This combination promotes first-class media content and innovative service solutions that inspire customers around the world.