FRANKFURT Jan 23 Bayer AG said the
head of its healthcare division, Joerg Reinhardt, is leaving to
join his former employer Novartis as chairman.
Novartis earlier on Wednesday said said its long-standing
chairman and former Chief Executive would step down next month.
Reinhard will run for non-executive Chairman of the Board at
Novartis' annual general meeting at the end of February and
plans to take office on Aug. 1. He will quit Bayer on Feb. 28,
the German group said on Wednesday.
Reinhard used to be Chief Operating Officer of Novartis.
Bayer's head of research and development Wolfgang Plischke
will become interim head of Bayer HealthCare until a successor
(Reporting by Ludwig Burger)