In an unexpected move, Puma SE chief executive officer Arne Freundt is stepping down from his role, effective April 11.

Matthias Bäumer, VP of Puma’s Teamsport Business Unit has also been appointed as chief commercial officer (CCO) of Puma SE, ...

Puma has replaced chief executive Arne Freundt with Adidas’s former sales head Arthur Hoeld, ending a two-and-a-half-year tenure during which the German sportswear group’s shares halved in value.

The veteran banker is finishing as chief executive next month – after nearly a decade, regulatory reprimands and plenty of ...