Nassef Sawiris nominated as next Adidas supervisory board chairman

Adidas nominated Egyptian businessman Nassef Sawiris to serve as the next chairman of its supervisory board, the German sportswear manufacturer said in a statement. Sawiris — who has been a member of the board since 2016, deputy chairman since 2025, and currently holds around 7% of the company through his NNS Group — is set to succeed Thomas Rabe following the company’s annual general meeting on 7 May.

Vodafone Egypt appointed 20-year company veteran Kareem Eid (LinkedIn) as its chief commercial officer, effective as of April, according to a company statement seen by EnterpriseAM. Eid will head a newly unified commercial structure that brings Vodafone’s consumer business, customer service, wholesale, and fintech crown jewel, Vodafone Cash, under a single reporting line.

CI Capital has appointed Hisham Okasha as non-executive chairman of the board, representing majority shareholder Banque Misr, according to an EGX disclosure (pdf). Okasha, currently the CEO of Banque Misr, succeeds our friend Ahmed Issa, the former Minister of Tourism. Issa is now CEO of FAB Misr, while Okasha is one of the deans of the Egyptian banking sector, having served as chairman of the National Bank of Egypt for over a decade before moving to Banque Misr in a leadership swap in late 2024.