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HENKEL AG & CO. KGAA

(HEN3)
  Report
Delayed Xetra  -  11:35 2022-12-02 am EST
69.34 EUR   +0.73%
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Henkel : Bruno Piacenza leaves Henkel after more than 30 years of successful service to the company

09/30/2022 | 04:34am EST

Sep 30, 2022Düsseldorf / Germany

Change in the Henkel Management Board

Bruno Piacenza leaves Henkel after more than 30 years of successful service to the company

Effective September 30, 2022, Bruno Piacenza (56), who has been Executive Vice President of Henkel's Laundry & Home Care business sector since 2011, will leave the Henkel Management Board, as already announced at the beginning of the year. Wolfgang König (50), currently Executive Vice President for Beauty Care, will additionally assume responsibility for Laundry & Home Care with effect from October 1, 2022 and will also lead the newly created Henkel Consumer Brands business unit in the future.

When Henkel announced the merger of its two consumer businesses in January 2022, the company had also announced that Bruno Piacenza would leave the company by the end of 2022 at the latest, after having been closely involved in the integration process. As Henkel is ahead of the originally announced schedule in implementing the new organizational structure of Henkel Consumer Brands, the change has now been brought forward.

Dr. Simone Bagel-Trah, Chairwoman of the Supervisory Board and Shareholders' Committee, expressly thanked Bruno Piacenza on behalf of the corporate bodies and the Henkel family for his many years of service to the company. "Bruno Piacenza has made a significant contribution to the successful development of the Laundry & Home Care business unit and thus to Henkel as a whole. Under his leadership, Laundry & Home Care's market position was significantly expanded internationally, important product innovations were introduced, and sustainability was significantly strengthened along the entire value chain - from the development and use to the recyclability of our products," said Dr. Simone Bagel-Trah.

Henkel CEO Carsten Knobel also thanked Bruno Piacenza for decades of successful service, dedication and contribution to the company: "On behalf of all Henkel colleagues, I would like to express my sincere thanks to my Board colleague Bruno Piacenza. He looks back on more than three decades with our company and has successfully led our Laundry & Home Care business for almost 12 years. Thanks to his passion and expertise, our top brands and the whole business unit have developed very strongly during this time. I would also like to expressly thank him for his active support of the ongoing integration process into Henkel Consumer Brands. Due to the good progress made in the ongoing integration, we have jointly decided that now is the appropriate time for a change in responsibility."

Bruno Piacenza was born in France and began his professional career at Henkel in 1990. Before joining the Management Board, he was Corporate Senior Vice President with responsibility for Beauty Care in the regions of Western Europe, Middle East/Africa and Asia-Pacific, and as President for Henkel in France. In 2011, he was appointed to the Henkel Management Board, being responsible for the Laundry & Home Care unit.

Disclaimer

Henkel AG & Co. KGaA published this content on 30 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2022 08:33:05 UTC.


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Sales 2022 22 340 M 23 424 M 23 424 M
Net income 2022 1 243 M 1 303 M 1 303 M
Net Debt 2022 1 111 M 1 165 M 1 165 M
P/E ratio 2022 23,0x
Yield 2022 2,69%
Capitalization 28 323 M 29 698 M 29 698 M
EV / Sales 2022 1,32x
EV / Sales 2023 1,29x
Nbr of Employees 51 800
Free-Float 61,1%
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Number of Analysts 22
Last Close Price 69,34 €
Average target price 66,78 €
Spread / Average Target -3,69%
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Managers and Directors
Carsten Knobel Chairman-Management Board
Marco Swoboda Chief Financial Officer & Executive VP-Finance
Simone Bagel-Trah Member-Supervisory Board
Thomas Gerd Kuehn Chief Compliance Officer & General Counsel
Michael Kaschke Member-Supervisory Board