BERLIN — Dr. Simone Bagel-Trah has been named chair of Henkel’s Supervisory Board and of the Shareholders’ Committee.
Bagel-Trah, a 40-year-old doctor of microbiology, will officially take the posts when 73-year-old Albrecht Woeste, who has held the positions since 1990, retires in September. Bagel-Trah is the great-great-granddaughter of company founder Fritz Henkel, and represents the fifth generation of the family to lead the company. She is currently a member of the Shareholders’ Committee and vice chairman of the Supervisory Board.
The succession plan was first outlined last year, Henkel noted, and was announced during the firm’s annual general meeting in Düsseldorf on Monday.
In other Henkel news, the firm reported earlier this month that first-quarter operating profits fell 32.8 percent to 215 million euros, or $281.7 at average exchange, from 320 million euros in the same period a year ago. Preliminary figures showed that while the Consumer-Toiletries and Laundry & Home Care divisions continued to post gains (operating profits were up 3.5 percent and 5 percent, respectively), group results for Henkel were negatively impacted by the economic slowdown, which led to losses within the company’s Adhesives Technologies business.