Dow Jones Newswires: Puma’s new CEO Arne Freundt takes reins immediately as incumbent moves to Adidas top job

0
11

Puma SE said Tuesday that Arne Freundt will take over immediately as chief executive, ahead of schedule, after incumbent CEO Bjorn Gulden was named to lead rival Adidas AG.

Puma PUM, -1.47% said last week that Mr. Freundt, currently chief commercial officer of the German sportswear company, would take over as CEO from the beginning of 2023. However, with Tuesday’s announcement that Mr. Gulden will become Adidas ADS, +1.69% chief from Jan. 1, Mr. Freundt will take over with immediate effect, Puma said.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleGlobalFoundries stock ticks higher after earnings beat
Next articleKohl’s stock charges higher after upbeat profit outlook, CEO to step down

LEAVE A REPLY

Please enter your comment!
Please enter your name here