Sika Says 32-Year Company Veteran Hasler to Take Up CEO Role

Sika AG announced Chief Executive Offier Paul Schuler is stepping down, with the Swiss construction chemical-maker drawing from its bench of managers for a successor.

Thomas Hasler, a 32-year company veteran, will replace Schuler on May 1, the Baar-based company said in a statement on Friday. Schuler will transition to the board of directors.

The world’s largest supplier of sealants, mortars and other building adhesives also reported record profit and cash flow in 2020. With its frenetic pace of acquisitions and a decentralized corporate structure, Sika emerged the market leader, seeing off rivals including BASF SE, which exited ...