Bayer chair Werner Wenning to quit after Monsanto purchase sours
26 February 2020 - 19:59
Munich — Bayer chair Werner Wenning is leaving the German drugs and chemicals company before his term expires, capping a half-century of dealmaking that culminated in the contentious Monsanto acquisition and a blizzard of lawsuits over its Roundup weedkiller.
Wenning, 73, will be succeeded in April by Norbert Winkeljohann, 62, who joined Bayer’s supervisory board in May 2018 just before the Monsanto deal closed. The $63bn purchase was the brainchild of Wenning and CEO Werner Baumann, who was censured by shareholders at the company's 2019 annual meeting...
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