Adidas Executive Behind Beyoncé, Kanye West Deals to Leave
October 21 2019 - 12:39PM
Dow Jones News
By Sara Germano
BERLIN -- Adidas AG said its global brands director Eric
Liedtke, a U.S.-born company lifer who helped guide the German
sportswear maker's turnaround in recent years through work with
celebrities including Kanye West and Beyoncé, will depart at the
end of the year.
Mr. Liedtke, 52, the highest-ranking American at the company,
was widely regarded as Adidas's co-number two and, along with
global sales director Roland Auschel, considered a possible CEO
candidate.
His work as global brands director was decisive in the German
sportswear maker's efforts to combat slowing sales in North
America, in part by expanding a transformative partnership with the
rapper Kanye West, which reintroduced the brand to a new generation
of global consumers.
Mr. Liedtke didn't immediately respond to a request for comment
on Monday. In a statement, Adidas said he would be succeeded by
Brian Grevy, who returns to the company after a spell at Swedish
apparel brand Gant, where he served as chief marketing officer and
chief executive.
Shares of Adidas were flat after hours at EUR280.95.
Mr. Liedtke joined Adidas in 1994 in the company's Portland,
Ore., office and relocated to the global headquarters in
Herzogenaurach, Germany, in 2006. He was named to his current role
as executive board member of global brands in 2014, a year before
Adidas tapped Kasper Rorsted as its current chief executive.
Mr. Liedtke's marketing strategy has emphasized what the company
called "open-source" relationships with celebrities, who have been
invited to collaborate with and launch their own labels under the
Adidas logo.
He steered Adidas's work with Kanye West's Yeezy brand and a
partnership with Beyoncé, whose Ivy Park activewear line is
expected to relaunch at the end of the year.
An avid American football fan and alumnus of the University of
Wisconsin-Madison, Mr. Liedtke oversaw the company's brands during
a revamp of Adidas's approach to American sports, including a move
not to renew its outfitting contract for NBA uniforms.
Instead, the company focused on deals with individual American
professional athletes in so-called varsity sports like football and
baseball, and high-profile outfitting contracts with major
collegiate sports programs, most notably the University of
Miami.
As a member of the steering committee for Parley for the Oceans,
an organization devoted to preserving ocean life, Mr. Liedtke also
spearheaded a project to produce Adidas shoes with recycled ocean
plastic.
In a separate statement, Adidas said Mr. Liedtke informed the
supervisory board he "will not be available as an executive board
member for the entire next strategic cycle starting in 2021" and as
a result will end his current contract with the company on December
31. Adidas is tentatively expected to roll out its next five-year
plan next spring.
Write to Sara Germano at sara.germano@wsj.com
(END) Dow Jones Newswires
October 21, 2019 12:24 ET (16:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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