June 21, 2018 / 10:08 AM / 5 months ago

Beiersdorf CEO to step down

FRANKFURT, June 21 (Reuters) - Beiersdorf, the maker of Nivea lotions, said Chief Executive Stefan Heidenreich would step down when his term ends at the end of 2019 or earlier depending on when a successor is appointed.

It said in a statement that Heidenreich and the supervisory board had reached an amicable agreement on his resignation in a meeting on Thursday. (Reporting by Maria Sheahan Editing by Edward Taylor)

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