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New CEO could accelerate emphasis on new product development Operating profit beats forecasts Expects faster sales growth in 2021 than 2020 Feb 19 (Reuters) - Sika named company veteran Thomas Hasler as its next chief executive on Friday, as the Swiss construction chemicals maker beat estimates for annual operating profit and forecast stronger sales growth in 2021, sending its shares up 2.7% premarket. The 55-year-old Hasler, now head of Sika’s global business and industry division, will replace Paul Schuler who will retire at the end of April and join Sika’s board. Hasler’s appointment, effective May 1, could accelerate Sika’s innovation drive as he was chief technology officer in a previous role overseeing 20 R&D centres.

John revillThomas haslerDevika syamnathVishal vivekPaul schulerThomson reuters trust principlesThomson reuters trustSi kaResults correctedUpdate 3Corporate eventsBasic materials trbc level 1Key personnel changesCentral eastern europeChange of ceoChemicals trbc level 3