Adidas : Information regarding Agenda Item 7 - Supervisory Board elections

Election of the Supervisory Board of adidas AG

Selection process

In preparation for the election of the shareholder representatives to the Supervisory Board at the Annual General Meeting of adidas AG on May 16, 2024, suitable candidates for the election of the shareholder representatives were selected by the Supervisory Board in the process described below.

In three meetings and during further deliberations, the Nomination Committee of the Supervisory Board of adidas AG dealt with the underlying criteria and the selection of suitable candidates for their proposal to the Supervisory Board.

First, selection criteria for the candidates were defined in the form of a qualification profile. The selection criteria were based on the objectives of the Supervisory Board regarding its composition which were last updated by the Supervisory Board in December 2022, considering the competency profile and the qualification matrix determined therein, as well as the statutory provisions, the recommendations of the German Corporate Governance Code (Code), and investor expectations. For one thing, these selection criteria comprise the knowledge, skills, and professional experience required to properly perform the tasks of a supervisory board member in a capital market-oriented, international company in the sporting goods industry. For another, they take into account, in particular, requirements relating to independence, international expertise, availability, and the number of memberships in other supervisory boards of Supervisory Board candidates, as well as the minimum quota of female and male Supervisory Board candidates pursuant to § 96 section 2 German Stock Corporation Act (Aktiengesetzt - AktG).

External personnel consultants supported the Nomination Committee in selecting potential candidates. Based on the qualification profile, the committee members thoroughly discussed the proposals prepared by the personnel consultants and had extensive personal interviews with selected candidates. Subsequently, the professional and personal qualifications, as well as the other defined selection criteria were compared with the qualification profile.

Furthermore, the Nomination Committee discussed the general succession planning for the Supervisory Board, in particular also with regard to the position of the Chairman of the Supervisory Board, and especially considered the expectations and requirements of investors.

Ultimately, the Nomination Committee recommended that the Supervisory Board propose the election of the candidates by the Annual General Meeting for a maximum term of office of generally four years. Moreover, in order to strengthen shareholders' voting rights, meet the demands of today's corporate governance, and be able to react flexibly to changing competency requirements, it was proposed to allow for the gradual formation of a 'staggered board' in the future. This means that the term of office of some of the candidates standing for election should not be the newly proposed maximum term of four years. Rather, some candidates are to be elected for a term of office of one year and two, three or four years.

Therefore, in accordance with the recommendations of its Nomination Committee and after discussing and resolving upon the recommendations at its meeting on March 12, 2024, the Supervisory Board proposes that the Annual General Meeting elect the current members

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• Thomas Rabe (until 2025)
• Ian Gallienne (until 2026)
• Nassef Sawiris (until 2026)
• Bodo Uebber (until 2027)
• Jing Ulrich (until 2027)
• Jackie Joyner-Kersee (until 2028)
• Christian Klein (until 2028)

and as a new member for the first time

• Oliver Mintzlaff (until 2028).

This candidate proposal meets the requirements of the qualification profile, particularly also in view of fulfilling the competency profile and the qualification matrix. In the Supervisory Board's assessment, if they are elected, all proposed candidates are independent within the meaning of the Code.

Thomas Rabe is to be elected for one year, i.e. until the end of the Annual General Meeting resolving upon the ratification of the Supervisory Board's actions for the 2024 financial year. If he is elected by the Annual General Meeting, Mr. Rabe will be proposed as Chairman of the Supervisory Board. The appointment of Mr. Rabe for a term of office of only one year will serve the purpose of ensuring an orderly handover of the chairmanship of the Supervisory Board.

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Curricula Vitae of the candidates proposed for election to the Supervisory Board and qualification matrix

Ian Gallienne

Chief Executive Officer,

Groupe Bruxelles Lambert, Brussels, Belgium

Personal data:

Date and place of birth: January 23, 1971 in Boulogne-Billancourt, France

Nationality:	French
Education:	Studies at the INSEAD, Fontainebleau, France, Master of Business
		Administration
		E.S.D.E., Paris, France, Bachelor of Arts in Business Administration,
		Major in Finance
Supervisory Board
member since:	2016; Deputy Chairman of the Supervisory Board since 2020
Career and material activities:
since 2019	Chief Executive Officer, Groupe Bruxelles Lambert
since 2013	Director, SGS SA
since 2012	Director, Pernod Ricard SA
2019	- 2023	Chairman of the Supervisory Board, Marnix French ParentCo SAS (Webhelp Group)
2012	- 2019	Co-Chief Executive Officer, Groupe Bruxelles Lambert
2005	- 2012	Founder/CEO, Ergon Capital Partners
1998	- 2005	Director, Rhône Capital LLC
1995	- 1997	Investment Manager, Synactic
1992	- 1994	Co-Founder, Loco Pins S.L.

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Mandates within the Groupe Bruxelles Lambert or in entities under common control with the Groupe Bruxelles Lambert

• Member of the Board of Directors, Imerys SA, Paris, France
• Member of the Board of Directors, Sienna Investment Managers SA, Strassen, Luxembourg
• Member of the Board of Directors, Compagnie Nationale à Portefeuille SA, Loverval, Belgium
• Member of the Board of Directors, Château Cheval Blanc, Société Civile, Saint Emilion, France
• Member of the Board of Directors, Financière De La Sambre, Loverval, Belgium
• Member of the Board of Directors, Carpar SA, Loverval, Belgium

Membership in other statutory supervisory boards in Germany

None

Membership in comparable domestic and foreign controlling bodies of commercial enterprises

• Member of the Board of Directors, Pernod Ricard SA, Paris, France
• Member of the Board of Directors, SGS SA, Geneva, Switzerland

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Jackie Joyner-Kersee

CEO, Jackie Joyner-Kersee Foundation and motivational speaker,

East St. Louis, USA

Personal data:
Date and place of birth:	March 3, 1962 in East St. Louis, Illinois, USA
Nationality:	US American
Education:	Bachelor in History, University of California, Los Angeles, USA
Supervisory Board
member since:	2021
Career and material activities:
2007	Founding member of the non-profit organization 'Athletes for Hope'
2000	Opened the Jackie Joyner-Kersee Center
1998 Goodwill Game	Gold medal in heptathlon
1996 Summer Olympics	Bronze medal in long jump
1993 World Championships	Gold medal in heptathlon
1992 Summer Olympics	Gold medal in heptathlon and bronze medal in long jump
1991 World Championships	Gold medal in long jump
1990 Goodwill Games	Gold medal in heptathlon
1988	Establishment of the 'Jackie Joyner-Kersee Foundation'
1988 Summer Olympics	Gold medal in heptathlon and long jump
1987 Pan American Games	Gold medal in long jump - tied the world record
1987 World Championships	Gold medal in heptathlon and long jump
1986 Goodwill Games	Gold medal in heptathlon and first woman to score over 7,000 points in
	a heptathlon event
1984 Summer Olympics	Silver medal in heptathlon and fifth place in long jump

Membership in other statutory supervisory boards in Germany

None

Membership in comparable domestic and foreign controlling bodies of commercial enterprises

None

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Christian Klein

Chief Executive Officer (CEO), SAP SE, Walldorf, Germany

Personal data:
Date and place of birth:	May 4, 1980 in Heidelberg, Germany
Nationality:	German
Education:	Diploma in International Business Administration, Baden-Wuerttemberg
	Cooperative State University, Mannheim, Germany,
Supervisory Board
member since:	2020
Career and material activities:
since 04/2020	Chief Executive Officer (CEO), SAP SE, Walldorf, Germany
10/2019 - 04/2020	Co-Chief Executive Officer (Co-CEO), SAP SE, Walldorf, Germany
since 01/2018	Chief Operating Officer and member of the Executive Board, SAP SE, Walldorf,
	Germany
04/2016 - 12/2017	Chief Operating Officer and Chief Controlling Officer, SAP SE, Walldorf, Germany
07/2015 - 03/2016	Chief Controlling Officer, Head of Global Controlling, SAP SE, Walldorf, Germany
08/2013 - 07/2015	Head of SAP Corporate Controlling, SAP SE, Walldorf, Germany
03/2012 - 08/2013	CFO SAP Cloud, SAP SuccessFactors, San Francisco, USA

Membership in other statutory supervisory boards in Germany

None

Membership in comparable domestic and foreign controlling bodies of commercial enterprises

None

Mr. Klein fulfills the requirements of § 100 section 5 half-sentence 1 AktG regarding expertise in the fields of accounting and auditing.

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Thomas Rabe

Chairman and Chief Executive Officer, Bertelsmann Management SE, Gütersloh, Germany

Personal data:

Date and place of birth:

Nationality:

Education:

Supervisory Board member since:

August 6, 1965 in Luxembourg, Luxembourg

German

Doctor of Economics (Dr. rer. pol.), University of Cologne, Cologne, Germany

MBA (Diplom-Kaufmann), RWTH Aachen / University of Cologne, Cologne, Germany

2019; Chairman of the Supervisory Board since 2020

Career and material activities:

since April 2019	Chief Executive Officer, RTL Group S.A., Luxembourg, Luxembourg
since 2012	Chairman and CEO, Bertelsmann Management SE, Gütersloh, Germany
2006 - 2011	Member of the Executive Board and Chief Financial Officer, Bertelsmann AG,
	Gütersloh, Germany
2000 - 2005	Member of the Board and Chief Financial Officer, RTL Group, Luxembourg,
	Luxembourg
1996 - 2000	Cedel/Clearstream International, Luxembourg/London
	as of 1998 Member of the Executive Board and Chief Financial Officer
1993 - 1995	Head of Acquisitions, Beteiligungsgesellschaft Neue Länder GmbH & Co. KG,
	Berlin, Germany
1991 - 1993	Treuhandanstalt, Berlin, Germany, as of 1993 Director Controlling
1990 - 1991	Associate, Forrester Norall & Sutton (now White & Case), Brussels, Belgium
1989 - 1990	Directorate-General for Financial Institutions and Corporate Law,
	European Commission, Brussels, Belgium

Membership in other statutory supervisory boards in Germany

None

Membership in comparable domestic and foreign controlling bodies of commercial enterprises

None

Mr. Rabe fulfills the requirements of § 100 section 5 half-sentence 1 AktG regarding expertise in the fields of accounting and auditing.

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Nassef Sawiris

Executive Chairman and Member of the Board of Directors,

OCI N.V., Amsterdam, The Netherlands

Personal data:
Date and place of birth:	January 19, 1961 in Cairo, Egypt
Nationalität:	Egyptian/Belgian
Ausbildung:	Studies at The University of Chicago, USA
	Bachelor in Economics
Supervisory Board
member since:	2016
Career and material activities:
since 2020	Executive Chairman, OCI N.V., Amsterdam, The Netherlands
1998 - 2020	Chief Executive Officer, OCI N.V. (formerly OCI S.A.E.)
since 1982	Various managerial positions in the Orascom Group
2015 - 2019	Director, LafargeHolcim Ltd.
2015 - 2016	Non-Executive Chairman of the Board of Directors, Orascom Construction
	Limited
2009 - 2014	Chairman, OCI S.A.E.
2008 - 2015	Director, Lafarge SA

Membership in other statutory supervisory boards in Germany

None

Membership in comparable domestic and foreign controlling bodies of commercial enterprises

None

Memberships in other bodies

• Member of the International Leadership Board, Cleveland Clinic, Cleveland, Ohio/USA
• Member of the Board of Trustees, The University of Chicago, Chicago, Illinois/USA
• Member of the International Council, JPMorgan Chase & Co., New York, New York/USA
• Executive Chairman, Aston Villa Football Club Limited, Birmingham, United Kingdom

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Bodo Uebber

Independent Management Consultant, Munich, Germany

Personal data:
Date and place of birth:	August 18, 1959 in Solingen, Germany
Nationality:	German
Education:	Diploma in Engineering and Economics, Karlsruhe University of Applied
	Sciences, Karlsruhe, Germany
Supervisory Board
member since:	2019; Chairman of the Audit Committee since 2020
Career and material activities:
since 2019	Independent Management Consultant
2004 - 2019	Member of the Board of Management, responsible for Finance & Controlling /
	Daimler Financial Services, Daimler AG, Stuttgart, Germany
2007 - 2013	Member resp. Chairman of the Board of Directors, EADS N.V., Leiden, The
	Netherlands
2003 - 2004	Deputy Member of the Board of Management, DaimlerChrysler AG, Stuttgart,
	Germany
	Chairman of the Board of Management, DaimlerChrysler Services AG, Berlin,
	Germany
2001 - 2003	Member of the Board of Management and Chief Financial Officer,
	DaimlerChrysler Services AG, Berlin, Germany
1998 - 2001	Vice President Finance / Controlling and IT / Services, MTU Aero Engines GmbH,
	Munich, Germany

Membership in other statutory supervisory boards in Germany

• Member of the Supervisory Board, Bertelsmann SE & Co. KGaA / Bertelsmann Management SE, Gütersloh, Germany
• Chairman of the Supervisory Board, Flix SE, Munich, Germany

Membership in comparable domestic and foreign controlling bodies of commercial enterprises

None

Memberships in other bodies

• Chairman of the Supervisory Board, Evercore GmbH, Frankfurt/Main, Germany
• Member of the Steering Committee, Bertelsmann Verwaltungsgesellschaft mbH, Gütersloh, Germany

Mr. Uebber fulfills the requirements of § 100 section 5 half-sentence 1 AktG regarding expertise in the fields of accounting and auditing.

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Jing Ulrich

Managing Director and Vice Chairman, Investment Banking, JPMorgan Chase & Co., New York, USA

Personal data:

Date and place of birth:

Nationality:

Education:

June 28, 1967 in Beijing, China

US American

Master's degree in East Asian Studies, Institute of International Studies, Stanford University, Stanford, USA

Bachelor's degree in English and American Literature, Harvard University, Cambridge, USA

Supervisory Board
member since:	2019
Career and material activities:
since May 2022	Managing Director and Vice Chairman, Investment Banking,
		JPMorgan Chase & Co., New York, USA
2019	- May 2022	Vice Chairman of Global Banking and Asia Pacific,
		JPMorgan Chase & Co., New York, USA
2005	- 2019	Managing Director und Vice Chairman of Asia Pacific,
		JPMorgan Chase & Co., New York, USA
2003	- 2005	Managing Director of Greater China Equities,
		Deutsche Bank AG, Frankfurt/Main, Germany
1996	- 2003	Managing Director, CLSA Asia Pacific Markets, Hong Kong
1994	- 1996	Fund Manager Greater China, Emerging Markets Investors Corporation, USA
1992	- 1994	Financial Analyst, Bankers Finance Investment, USA

Membership in other statutory supervisory boards in Germany

None

Membership in comparable domestic and foreign controlling bodies of commercial enterprises

None

Memberships in other bodies

• Member of the International Advisory Committee, Robert Bosch GmbH, Gerlingen-Schillerhöhe, Germany
• Member of the G20 CEO Advisory Group, International Chamber of Commerce, Paris, France

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