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Adidas President of North America Mark King will step down after over 30 years with Three Stripes. Stepping in will be General Manager is Adidas USA Zion Armstrong, who will begin July 1. Executive Board Member Roland Auschel: "This is a well-prepared, seamless transition. We are very excited to promote Zion Armstrong to one of the most important roles in our company. He has been instrumental to our success over the last three years, co-leading adidas North America together with Mark King. We are convinced that Zion’s leadership will enable us to continue our successful journey in North America." (link) A spokeswoman for Adidas commented that the departure "has nothing to do" with the NCAA probe. (link) More in D1.ticker tomorrow morning.