Adidas’ finance chief is leaving after 25 years


Adidas
// Adidas finance chief Andrew Hackett is leaving the role after more than 25 years
// He joined the company in 1997 and has held several financial roles since then

Adidas CFO Andrew Hackett has stepped down from his position after more than 25 years.

He joined the company in 1997 and has held several financial roles since then.

Prior to joining the business, Hackett worked at KPMG in Manchester.


READ MORE: Adidas sports bra ads banned for showing bare breasts


The resignation comes after Adidas UK published its latest financial results in October last year.

The accounts revealed Adidas UK’s turnover fell from £1.1bn to £1.045bn in the 12 months, while its pre-tax profit rose from £25.6m to £20.4m.

In early March, Adidas warned of a drop in sales of 250 million euros this year due to the suspension of business in Russia following the invasion of Ukraine.

Adidas announced that EUR 250 million is at risk for about half of the company’s total revenues in the region and represents about one percentage point of growth for the entire company.

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