Adidas CEO to Prepare Succession in Coming Years: Report

The long-serving chief executive of Germany's Adidas said preparing the sportswear giant for a change at the top when his contract ends in 2017 will be among his biggest priorities, German newspaper Sueddeutsche Zeitung reported on Saturday. "I will not stay forever," Herbert Hainer, Adidas's chief executive since 2001, told the daily in an interview. "One of my key tasks in the next three years will be to initiate the change...