Bloomberg News

Beiersdorf’s New CEO Will Earn More, Manager Magazin Says

October 20, 2011

Oct. 20 (Bloomberg) -- Beiersdorf AG’s designated chief executive officer, Stefan Heidenreich, will earn more than departing CEO Thomas Quaas, Manager Magazin reported, citing unidentified people within the company.

Heidenreich will earn about 3 million euros ($4.1 million) a year compared to 1.1 million euros for Quaas, Manager Magazin said, citing the people.

To contact the editor responsible for this story: Julie Cruz at jcruz6@bloomberg.net


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