Michel Perraudin to Leave adidas-Salomon Executive Board and Focus on WFSGI Presidency
Herzogenaurach - Michel Perraudin (57), Member of the adidas-Salomon Executive Board, responsible for Global Human Resources, Key Projects and Corporate Services, will leave the Executive Board of adidas-Salomon AG effective March 31, 2005 to allow him to allocate more time and to give him a greater level of independence for his new responsibility as President of the World Federation of the Sporting Goods Industry (WFSGI), to which he was elected for three years.
Michel Perraudin will remain closely linked with the adidas-Salomon Group as a consultant. In this role, he will primarily work on special projects for the CEO and the Board as well as continue to support the development and implementation of the new Headquarters on the conversion site of the former American military base in Herzogenaurach.
After working as a partner of McKinsey & Company, Inc. on adidas related projects, Michel Perraudin was appointed to the Executive Board of adidas AG in 1989, initially responsible for Production, Sourcing and Logistics. In 1993, he took over responsibility for all cross-functional Key Projects and added to this the responsibility for Global Human Resources in 1995 and Corporate Services in 1996. During his 16-year tenure as Executive Board Member, Michel Perraudin's major projects included the build-up of our sourcing organization in Asia and the related closing of the Group's own production facilities; the preparation of the IPO in 1995; the integration of Salomon following the acquisition of the Salomon Group in 1998 and, most recently, the development and implementation of the new headquarters in Herzogenaurach.
"Michel has been a key contributor in making our Group a truly global and successful player," said Herbert Hainer, CEO and Chairman of adidas-Salomon AG. "I am looking forward to our continued association and am pleased that he will remain closely linked to our Group for the years to come."
The various responsibilities held by Michel Perraudin will be divided between Herbert Hainer, CFO Robin Stalker and General Counsel Frank Dassler.