July 8, 2023, 4:00 AM UTC

Earlier this week, Amanda Rajkumar announced that she was leaving her position as head of Global Human Resources at Adidas AG after just two and a half years on the job. 

In making the move, she joined a long list of women who have stepped back from leadership roles at German companies. Thyssenkrupp AG chief executive officer Martina Merz and Hamburger Hafen und Logistik AG CFO Tanja Dreilich both resigned in June, around the same time that Christiana Riley departed Deutsche Bank AG’s investment arm – leaving the company with only one woman on its nine-person management board. She followed ETF executive Fiona Bassett, who said goodbye to the bank several weeks prior.