Henkel AG & Co. KGaA, known for making adhesives and other household goods, has no plans to reorganize its business, Reuters reported Dec. 17, citing CEO Hans Van Bylen's interview with German-language newspaper Sueddeutsche Zeitung.
The German company operates in three areas: Adhesive technologies; beauty care; and laundry and home care.
Van Bylen's statements come as other industrial conglomerates face shareholder pressure to restructure, including General Electric Co. and thyssenKrupp AG, the report said.
"These trends and debates come and go. But we are generally sticking to our three business areas," Van Bylen reportedly told the paper. "That translates into stability and balance. At the same time, all three areas have freedom and a clear focus on their markets and customers."
Members of the Henkel family share-pooling agreement hold more than 61% of the company's ordinary shares, making the company less vulnerable to activist shareholders' push for change, Reuters added.