Bayer says Dieter Weinand to head pharmaceuticals business

FRANKFURT, June 5 Thu Jun 5, 2014 8:21am EDT

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FRANKFURT, June 5 (Reuters) - German drug and chemicals maker Bayer AG said it appointed Dieter Weinand, a U.S.-based executive at Japanese drugmaker Otsuka, as the new head of its prescription drugs unit Bayer Healthcare Pharmaceuticals.

German-born Weinand, who has more than 25 years of experience in the pharmaceuticals industry, will take on his new role on Aug. 1, Bayer said on Thursday.

The company said last month that the previous head of its pharmaceuticals unit, Andreas Fibig, would leave to take up the role of chief executive officer at International Flavors & Fragrances Inc.

(Reporting by Ludwig Burger; Editing by Victoria Bryan)

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