Adidas Appoints Ex-Puma Chief Gulden as New CEO From January

Adidas AG appointed former Puma SE chief executive officer Bjorn Gulden as its next CEO effective Jan. 1 as the larger German sportswear company seeks to move on from a crisis over its terminated partnership with rapper Ye.

Current Adidas chief Kasper Rorsted will step down Friday and chief financial officer Harm Ohlmeyer will serve as interim CEO through the end of the year, the company said in a statement.

Adidas last week said Gulden was…