Beiersdorf CEO Follows Finance Chief In Leaving Company
German consumer goods group Beiersdorf, the maker of Nivea skin creams, said on Thursday its chief executive Stefan Heidenreich would step down, in the second board resignation this year.
Beiersdorf's supervisory board and Heidenreich have amicably agreed that he will leave when his term ends at the end of 2019, or earlier depending on when a successor is appointed, Beiersdorf said in a statement, without providing further details.
Heidenreich follows finance chief Jesper Andersen, who is leaving the company at the end of the month after the group decided earlier in the year not to extend his contract.
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