PEOPLE
Dekkers extends Bayer contract only until 2016
 Marijn Dekkers (Photo: Bayer) |
Marijn Dekkers, CEO of Bayer (Leverkusen / Germany; www.bayer.com), has extended his contract for only two years and will be leaving the company at the end of 2016. The 56-year-old Dutch citizen cited family reasons for the earlier departure plans. Dekkers has been in the top slot since taking over from Werner Wenning in October 2010.
With effect from 1 October 2014, current chief financial officer, Werner Baumann, has been appointed to the newly created position of chief strategy and portfolio officer (CSPO), in the company’s words, “to ensure continuity in key aspects of Bayer’s future development.”
Also from 1 October, Johannes Dietsch, at present senior Bayer representative and CFO for greater China, will take over as CFO of the Bayer group.
The financial markets leveraged the personnel notice to speculate on whether Dekkers’ early departure and Baumann’s appointment to the strategy job means that Bayer’s transformation into a pure life sciences player – meaning its purported plans to divest Bayer MaterialScience (BMS, Leverkusen; www.bayerbms.com) – would be slowed.
With effect from 1 October 2014, current chief financial officer, Werner Baumann, has been appointed to the newly created position of chief strategy and portfolio officer (CSPO), in the company’s words, “to ensure continuity in key aspects of Bayer’s future development.”
Also from 1 October, Johannes Dietsch, at present senior Bayer representative and CFO for greater China, will take over as CFO of the Bayer group.
The financial markets leveraged the personnel notice to speculate on whether Dekkers’ early departure and Baumann’s appointment to the strategy job means that Bayer’s transformation into a pure life sciences player – meaning its purported plans to divest Bayer MaterialScience (BMS, Leverkusen; www.bayerbms.com) – would be slowed.
06.06.2014 Plasteurope.com [228450-0]
Published on 06.06.2014
German version of this article...