Investing.com -- Thomas Rabe, the supervisory board chairman of Adidas (OTC: ADDYY ), is planning to stand for re-election at the company's annual general meeting, set to take place in May. This information was reported by the German newspaper Handelsblatt on Wednesday.

In addition to his role at Adidas, Rabe also holds the position of CEO at both the RTL Group, a German broadcasting company, and Bertelsmann, a media conglomerate. According to industry sources reported by Handelsblatt, Rabe is seeking to extend his term of office at Adidas by an additional year.

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