The Supervisory Board of Bayer AG has nem con decide to expand the contract of Werner Baumann , Chairman of the Board of Management , until April 30 , 2024 . Before the extension , Baumann ’s contract would have expired at the 2021 Annual Stockholders ’ Meeting . Baumann , 57 , has worked for Bayer since 1988 . He was name to the Board of Management in 2010 and has been its Chairman since May 2016 .
“ Bayer is strategically very well positioned as a focused life science company with leading businesses in the attractive ontogenesis markets of health and nourishment . This is especially evident in light of the current challenges personate by the COVID-19 crisis . Bayer ’s strategical strength and robust operational performance are due in large part to Werner Baumann and the entire direction squad , ” commented Prof. Dr. Norbert Winkeljohann , Chairman of the Supervisory Board of Bayer AG .
Under Baumann ’s leading , the labor at hand is to use the coming menstruum of more than three and a half years to successfully tug Bayer ’s further growing in a highly challenging surround , Winkeljohann said . Concretely , this means overcoming the effects of the coronavirus crisis , fructify the course of instruction for profitable growth after patent expirations for significant intersection of the Pharmaceuticals Division , building on the leading position of the Crop Science business through innovation , digitalization and sustainability , accelerating increase at Consumer Health and systematically proceed the efficiency and morphological programs .
“ The Supervisory Board is firmly positive that Werner Baumann is the right leader to advance this comprehensive transformation purposefully and decisively . His profound knowledge of Bayer ’s markets , business , organization and intensity are key to this , ” Winkeljohann continued . “ We also expect that the glyphosate judicial proceeding will be deal in a way that is acceptable for the fellowship , makes economic gumption and is structured in a way that enables likely future case to be expeditiously resolved . ”
The employee representatives on the Supervisory Board also put up and receive the extension of Baumann ’s contract . “ We value his integrity and his gaze for employees ’ interests . In the pastime of the company , and peculiarly its employees , it continue our job to continue to move Bayer forward together in a smell of social partnership , ” said Oliver Zühlke , Chairman of the Central Works Council and Vice Chairman of the Supervisory Board .
“ I ’m very grateful to the Supervisory Board for the trust they have placed in me . And I ’m also please that the Supervisory Board agreed to extend my declaration until the end of April 2024 alternatively of the maximum potential four - class point – and thus lodge my personal plans . I for my part will do all I can to lead Bayer successfully and sustainably over the next few class , for the welfare of our proprietor , our hoi polloi and other stakeholder groups , ” articulate Baumann .
Bayer also announced that progress has been made with complainant ’ category counsel on a revised class plan to manage and purpose potential future tense Roundup claim . The particular of the revised year plan will be finalized over the come weeks and a motion for preliminary favorable reception will be filed upon completion of the formal agreement . The plan to manage and dissolve potential future litigation aligns with Bayer ’s longstanding position that it would consider a solution as long as it could be reached on reasonable fiscal terminus and address both current and potential future claims . In keeping with this holistic feeler , the troupe will also proceed on an accelerated basis to finalize the preliminary agreements to correct the current cases and claim that were announced on June 24 .
