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PEOPLE - Beiersdorf (Germany) CEO (Chief Executive Officer) extends contract until 2006:

This article was originally published in Clinica

Executive Summary

Beiersdorf CEO Rolf Kunisch will stay with the Frankfurt, Germany producer of skincare products until 2006, two years longer than originally contracted. The extension follows Tchibo Holding's offer to buy for E4.4bn ($5.1bn) 40% of the company from a stake held by insurer Allianz. Regulatory authorisations from Germany and the EU have yet to be delivered.

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