Henkel investors: New CEO has a lot to live up to

Henkel investors: New CEO has a lot to live up to

Henkel’s investors produced a wishlist for incoming CEO Hans Van Bylen at the company’s Annual Meeting, including a higher share price of above €100 and dividend payments of €1.6, according to a report published by Bloomberg.

The speakers at Monday’s meeting were united in the opinion that outgoing CEO Kaspar Rorsted’s legacy will be tough to beat – Rorsted more than tripled the German FMCG giant’s share price during his eight years at the helm of the company and boosted net income by 57 percent. However, Rorsted admitted that the company’s €20 million revenue goal for 2016 was overly ambitious in the current climate.

“The shoes, that you have presented to your successor to fill, are enormously big,” said Chairman of the Association of Institutional Shareholders Hans-Martin Buhlmann. “I hope, Mr Van Bylen, that they fit.” Hans Van Bylen joins the company on May 1.