Bayer’s shares have plunged about a quarter in value since August 2018, when the company lost a U.S. lawsuit claiming that weedkiller Roundup - acquired via its $63 billion takeover of Monsanto earlier in the year - causes cancer.
Wenning, who strongly supported Baumann’s pursuit of Monsanto, said earlier on Wednesday he would step down at the company’s annual shareholder meeting in April.
He will be replaced by Norbert Winkeljohann, the former head of Europe at audit and consulting firm PricewaterhouseCoopers, who joined Bayer’s non-executive supervisory board in 2018 and did not play a role in the Monsanto deal.
Sep.05 -- Werner Baumann, chief executive officer at Bayer, discusses the company's lower earnings forecast, the Monsanto purchase and the company's Roundup lawsuit. He speaks on "Bloomberg Markets: European Open."
Is that part of the never ending plan that never happens?--$Hitlary is walking free. Assange is dying in prison. -- Wilbur Ross a Rothschild Banker is Secretary of Commerce.-- Alexander Acosta the prosecutor that gave Epstein the deal of a lifetime is the Secretary of Labor. --Sheldon Adelson an Israel first billionaire is Trump's biggest campaign financier.--Kushner is in charge of immigration and we are seeing record numbers of illegals and no wall.--We are still in the Middle East guarding harmless sand boxes--We are still being censored.--Trump supports Red Flag laws.--Trump's nomination to head the ATF, Chuck Canterbury, is an anti-gunner douche.--We are still fighting Israel's wars and dying doing it.--ETC, ETC, ETC.--Try harder at waking up.