Consumer goods company Henkel has announced that finance chief Carsten Knobel will step in as its CEO on 1 January 2020.
"I am grateful for the trust which is expressed through this appointment," Knobel said of his new role.
He will succeed Hans Van Bylen, who has stepped down from the position citing personal reasons.
'An Excellent Successor'
Knobel is an experienced professional who joined Henkel in 1995, and has been part of the company's management board since 2012.
He took up the role of the finance chief in 2012 and is responsible for finance, purchasing, and integrated business solutions.
The chairwoman of Henkel's supervisory board and shareholders' committee, Dr Simone Bagel-Trah, said: "We have appointed an excellent successor from within the company. He knows Henkel very well and has many years of international management and leadership experience.
"He is highly regarded by his colleagues on the Management Board as well as by our employees and has also an excellent reputation in the capital markets."
According to a recent media report, the company was looking for a successor after a string of disappointing results.
Henkel's brand include household names such as Schwarzkopf, Right Guard and Persil detergent.
© 2019 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click sign-up to subscribe to Checkout.