German footwear and accessories major Adidas has elevated its India head Dave Thomas as the Managing Director for emerging markets as part of its top-level reshuffle, as per an ET report.
His new assignment would be effective from April 1 and the company is now looking for his successor in India. Dave is replacing Martin Shankland, who has been elevated to the Adidas executive board responsible for global operations effective.
In his new role, Thomas would handle the emerging market portfolio at Adidas, which comprises growing regions such as the Middle East, Turkey, India, and Africa.
In his new role, Dave will report to Roland Auschel, executive board member, global sales at Adidas. Simultaneously, he would continue to oversee the Indian operations until his successor in India is announced.
Dave who has been working with the Adidas Group since February 1998, has been working as the Managing Director of Adidas India from October 2014. Adidas, which also owns brand Reebok, clocked a revenue of around Rs 1,530 Cr in India during the last financial year ended March 31, 2018.
Image Credits: Outlook Business