Bayer CEO Werner Baumann is retiring after 35 years of service. Bill Anderson takes over.
The chemical and pharmaceutical group Bayer is getting a new boss: The current CEO Werner Baumann is retiring at the end of May after 35 years of service and will be replaced by US engineer Bill Anderson in June, as the company announced in Leverkusen on Wednesday. The decision was made unanimously by the Supervisory Board of Bayer AG. The corresponding “comprehensive selection process” has been running since the middle of last year.
Anderson is expected to join the company as a member of the board in April and will then work closely with Baumann to “ensure a smooth transition,” it said. The 56-year-old chemical engineer has been working in the industry for 25 years and was most recently chairman of the pharmaceuticals division of the Roche Group.
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Source: Stern
