By Kim Richters
Beiersdorf AG said Tuesday that Chief Executive Officer Stefan De Loecker will resign from the board as of June 30 this year.
The German company said its supervisory board and Mr. De Loecker had mutually agreed on the move.
Vincent Warnery, who is currently responsible for Beiersdorf's North America business and its pharmacy and selective division, was named CEO starting May 1. Mr. Warnery's contract was extended until Jan. 31, 2027.
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(END) Dow Jones Newswires