Assume you are a financial analyst of adidas. Analyze the sentiment of the following press release released on 5 July 2023 : NAME_1 [51], Executive Board member and Labor Director of adidas AG, responsible for Global Human Resources, People and Culture, has informed adidas AG’s Supervisory Board that she will not extend her Executive Board mandate beyond December 31, 2023. The Supervisory Board has accepted her decision and agreed on the termination of her appointment as an Executive Board member effective July 15, 2023.
NAME_2, Chairman of the Supervisory Board of adidas AG, said: “On behalf of the Supervisory Board, I would like to thank NAME_3 for her outstanding contribution. Under her leadership, we made great progress in fostering a deeper culture of inclusion and creating better leadership accountability. In a period of transition for the company, NAME_3 put our people at the center of her work and ensured that adidas continuously obtained top positions in employer rankings around the world. With the professionalization of the HR function over the last years, overall employee engagement has increased. We accept NAME_3’s resignation with respect for her achievements and wish her all the best for her future endeavors.”
NAME_1 said: “I would like to thank the Board and my colleagues for what have been very inspiring years at adidas. I am proud of what we have achieved, and I wish NAME_4, my colleagues in the Board, and above all, my team, all the best as they continue to successfully transform this iconic company.”
Following a distinguished career spanning 28 years of human resources experience in global organizations, NAME_1 joined the adidas board as Head of Global Human Resources, People and Culture at the beginning of 2021. At adidas, she devised and implemented a People strategy aimed at efficiently harmonizing and unifying employee experience across the company and establishing adidas as a global values-led organization.
NAME_5, SVP Workplaces & Global Functions at adidas, will assume responsibility for Global Human Resources, People and Culture on an interim basis, reporting to adidas CEO NAME_6.