FRANKFURT, June 3 German drugmaker Bayer AG
said its Chief Executive Marijn Dekkers would quit at
the end of 2016 and that the group's finance chief would be put
in charge of strategy to "ensure continuity".
"In line with his own wishes, the contract of Dr. Marijn
Dekkers will be extended by just two years on expiration of the
initial five-year period. Dekkers cited family reasons for
extending his contract only until the end of 2016," the company
said in a statement.
The group's Chief Financial Officer Werner Baumann would
switch roles to become Chief Strategy and Portfolio Officer in
Bayer said this was to "ensure continuity in key aspects of
Bayer's future development".
A spokesman said the supervisory board would decide at a
later stage who is to succeed Dekkers as CEO.
(Reporting by Ludwig Burger; Editing by Kirsti Knolle)