-- Four asset managers intend to vote against the re-election of Adidas's chair Thomas Rabe amid concerns regarding his multiple mandates and the failure to set a succession plan, the Financial Times reports, citing the asset managers.
-- DWS, the asset management arm of Deutsche Bank, said it will oppose his re-election because of a "repeated breach of expectations". The decision will be followed by Deka, Allianz Global Investors and Union Investment, the FT reports.
Full story: https://tinyurl.com/2ffwbj37
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
May 14, 2025 05:44 ET (09:44 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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