Nivea-maker Beiersdorf has announced that its Chief Executive Stefan De Loecker is stepping down “by mutual agreement” and will leave the business on 30 June.
Vincent Warnery will take over the role from 1 May. He has been a member of Beiersdorf’s Executive Board since February 2017 and was previously responsible for its Pharmacy & Selective division with the Eucerin, Hansaplast, and La Prairie brands as well as its North American business.
Before Beiersdorf, Warnery held senior roles at Procter & Gamble, L’Oréal, and Sanofi.
Chairman of the supervisory board at Beiersdorf, Prof Dr Reinhard Pöllath, thanked De Loecker for his “outstanding achievements”, adding: “With the C.A.R.E.+ strategy, Mr. De Loecker focused Beiersdorf on digitalization, sustainability and internationalization and strategically equipped the skincare company for the future. Beiersdorf will benefit considerably from this in the long term.”
De Loecker stated: “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.”
Having faced weaker demand for some of its products last year because of the pandemic, Beiersdorf revealed figures earlier this month that showed it had made a robust start to 2021.