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    BEI   DE0005200000

BEIERSDORF AG

(BEI)
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Beiersdorf : Change in the Executive Board of Beiersdorf AG

04/27/2021 | 01:09pm EDT

Hamburg, April 27, 2021 - The Supervisory Board of Beiersdorf AG and the Chief Executive Officer Stefan De Loecker (53), today mutually agreed on the termination of his Executive Board mandate effective June 30, 2021. The Supervisory Board appointed Vincent Warnery (52) as the company's new Chief Executive Officer effective May 1, 2021. Warnery has been a member of Beiersdorf's Executive Board since February 2017 and was previously responsible for the Pharmacy & Selective division with the Eucerin, Hansaplast, and La Prairie brands as well as the North American business.

'On behalf of the whole of Beiersdorf, the Supervisory Board would like to thank Mr. De Loecker for his outstanding achievements over many years. He has made a decisive and lasting contribution to the company,' said Prof. Dr. Reinhard Pöllath, Chairman of the Supervisory Board of Beiersdorf AG. 'With the C.A.R.E.+ strategy, Mr. De Loecker focused Beiersdorf on digitalization, sustainability and internationalization and strategically equipped the skin care company for the future. Beiersdorf will benefit considerably from this in the long term. We wish him and his family all the very best for the future and I am looking forward to stay in touch.'

Stefan De Loecker stated: 'I would like to thank all employees, customers, and partners for the great cooperation over the past years. My goal was to strengthen Beiersdorf in an era of digital disruption and environmental challenges to keep the company on track for success in the long term. I am convinced that we have laid this foundation. I personally wish my successor as CEO, Vincent Warnery, all the best and every success on the journey ahead.'

Pöllath continued, 'Mr. Warnery knows Beiersdorf from years of successful Executive Board work. With his deep skin care experience and successful track record, he brings the right momentum to our joint efforts for Beiersdorf's future. We thank him for his hands-on commitment to drive Beiersdorf forward.'

Vincent Warnery said, 'Beiersdorf is an outstanding company with great potential and an exceptional team. I have worked closely with Stefan De Loecker on the C.A.R.E.+ strategy over the last few years. I am now looking forward to continuing this work together with the Executive Board and all employees to continue the company's success.'

Vincent Warnery has spent his entire professional life in the consumer health care and cosmetic industry. He started his career in Marketing at Procter & Gamble in 1991. In 1996 he joined L'Oréal where he successively held various marketing positions as well as local and regional general management positions in Portugal, Germany, Latin America, Japan and France. In 2011, he moved to Sanofi where he developed and led the Global Consumer Health Care Division until 2017. He then joined Beiersdorf where he took the responsibility for the Pharmacy & Selective brands (La Prairie, Eucerin, Hansaplast) and since 2020 the overall responsibility of Beiersdorf North America. Vincent Warnery is French and has three sons.

Disclaimer

Beiersdorf AG published this content on 27 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2021 17:08:03 UTC.


© Publicnow 2021
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Financials
Sales 2021 7 466 M 8 889 M 8 889 M
Net income 2021 665 M 792 M 792 M
Net cash 2021 3 348 M 3 987 M 3 987 M
P/E ratio 2021 34,6x
Yield 2021 0,68%
Capitalization 23 283 M 27 741 M 27 721 M
EV / Sales 2021 2,67x
EV / Sales 2022 2,50x
Nbr of Employees 20 306
Free-Float 39,0%
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Technical analysis trends BEIERSDORF AG
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 25
Average target price 98,06 €
Last Close Price 102,65 €
Spread / Highest target 16,9%
Spread / Average Target -4,48%
Spread / Lowest Target -24,0%
EPS Revisions
Managers and Directors
NameTitle
Stefan de Loecker Chairman-Executive Board
Astrid Hermann Chief Financial Officer
Reinhard Pöllath Chairman-Supervisory Board
May Shana'a Senior Vice President-Research & Development
Michael Herz Member-Supervisory Board
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