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2016 Olympics

Adidas Extends CEO Contract Amid Succession Plan

Adidas has extended the contract of long-serving Chief Executive Herbert Hainer until 2017 but will work with him on a succession plan to ready the world's second-biggest sportswear company for "generation change".Hainer has been CEO since March 2001, making him the longest serving boss among German blue-chip companies, prompting speculation over whether he might think about stepping down as he approaches his 60th birthday in July.Igor Landau, chairman of the Adidas supervisory board, said he was pleased Hainer had agreed to extend his contract, which runs until 2015, even though the board would have liked him to stay on even longer."Today's decision gives us sufficient time to ensure a smooth transition at the helm of the Adidas Group and to optimally facilitate the process of succession for the company," he said in a statement."We will continue to pursue the generation change which has already been initiated within the Group's management team, thus preparing the company for the next ...

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  1. Watch What You Say!

    Brian and Joe Concha discuss proper etiquette on television.

  2. Mexico's Carlos Slim Advances TV Goals With Rights to Olympics

    As Mexico's Congress moves toward giving the government increased powers to rein in the telecommunications muscle of billionaire Carlos Slim, Mr. Slim is accumulatin...

  3. America Movil Granted Broadcast Rights to 2014, 2016 Olympics

    Mexican telecommunications giant America Movil SAB (AMX, AMX.MX) said Thursday the International Olympic Committee has granted it exclusive broadcast rights for Lati...

  4. Helping Athletes Make Career Transitions’s Kate Rogers on how athletes can plan for making career transitions after they retire from the sports world.

  5. Fox Flash: Olympic challenge

    Brian goes up against McKayla Maroney

  6. In search of business, Europe changes tone in Latin America

    Five years ago during the closing speeches of a summit in Chile, Spain's king told Venezuelan President Hugo Chavez to "shut up" in an exchange that epitomized the f...

  7. Brazil Refinery Manguinhos Shares Fall 70% in Trading Restart

    Preferred shares of Brazil's Refinaria de Petroleos de Manguinhos S/A (RPMG3.BR, RPMG4.BR) tumbled 70% after trading was restarted late Tuesday amid Rio de Janeiro s...

  8. Brazil's Rio State Rejects Manguinhos Offer, Will Expropriate Land

    Brazil's Rio de Janeiro state plans to seize all lands belonging to oil refiner Refinaria de Petroleos de Manguinhos SA (RPMG3.BR, RPMG4.BR) as part of a revitalizat...

  9. Brazil Refinery Manguinhos Shares Remain Suspended on Bovespa

    Rio de Janeiro's state government moved Tuesday to seize lands belonging to small Brazilian oil refiner Refinaria de Petroleos de Manguinhos SA (RPMG4.BR), according...

  10. Brazil's Rio State Moves to Seize Manguinhos Refinery Lands

    Rio de Janeiro's state government moved Tuesday to seize lands belonging to small Brazilian oil refiner Refinaria de Petroleos de Manguinhos SA (RPMG4.BR), with plan...

  11. Brazil Refiner Manguinhos Trading Halted on Eminent Domain Spat

    Small Brazilian oil refiner Refinaria de Petroleos de Manguinhos SA (RPMG3.BR, RPMG4.BR) asked local stock regulators to halt trading while it investigated comments ...

  12. Olympic hopeful breaks trampoline records in Arizona

    Teenager dreams of competing in 2016

  1. Best Latino Stories Of 2013

    A compilation of the best Latino stories of 2013.

  2. Fox Files: Dictator Style

    Lavish lifestyles of some of the world's most infamous leaders

  3. Pope Francis celebrates World Youth Day in Brazil

    Lauren Green reports from New York

  4. Man crushed, severely injured during running of the bulls

    Onlookers watched Spain's tradition go wrong

  5. Thousands of protesters flood streets in Brazil

    Steve Harrigan reports from Miami, Florida

  6. Can Harman International Boost Your Portfolio?

    FBN’s Charles Payne on why investors should consider the audio and infotainment equipment company Harman International.

  7. Turkish police capture suspected drug lord

    One of the world's most wanted criminals in custody

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