Henkel
This article was originally published in The Rose Sheet
Executive Summary
Paul De Bruecker is named senior VP and general manager of Schwarzkopf & Henkel in the U.S. and Canada, overseeing hair care brands got2b, L.A. Looks, Dep and Citre Shine, firm announces Aug. 1. Under his leadership, Henkel expects to accelerate marketing and product development efforts in North America, a targeted growth region, firm adds. Exec, who replaces Thomas Parr, has been with Henkel for more than 15 years, most recently serving as general manager of Schwarzkopf & Henkel in Austria. Henkel's Cosmetics/Toiletries division revenue advanced 4.1% to $843.5 mil. (€1=$1.23) in the second quarter, after adjusting for foreign currency effects, firm says Aug. 3. North American sales increased 18.7% after adjusting for foreign exchange to $828.7 mil., due primarily to acquisitions. Net revenues were up 10% to $3.71 bil. after adjusting for exchange. Earnings grew .5% to $241.7 mil. after minority interests...