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Adidas finance boss departs after 25 years


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

Adidas finance director Andrew Hackett has retired from his position after more than 25 years.

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

Before joining the business, Hackett worked at KPMG in Manchester.

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

The resignation comes as Adidas UK reported its latest financial results in October last year.

The accounts revealed that Adidas UK’s turnover fell from £1.1 billion to £1.045 billion in the 12 months while its pre-tax profits went from £25.6 million to £20.4 million.

In early March, Adidas warned of a €250 million hit to sales this year due to the suspension of its Russian business following its invasion of Ukraine.

Adidas said the €250 million at risk was about half of the company’s total revenues in the region and represented about one percentage point of growth for the total company.

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