People: Bayer AG (BAYGn.DE)
23 Sep 2016
Mr. Werner Baumann is appointed as Chairman of the Management Board, Chief Executive Officer, Member of the Management Board, Chief Strategy and Portfolio Officer at Bayer Aktiengesellschaft effective May 1, 2016. Previously he served as Member of the Management Board, Strategy and Portfolio Management, Europe/Middle East/Africa Region at Bayer AG since January 1, 2016 till April 30, 2016. After studying economics at RWTH Aachen Universitaet and the University of Cologne, he joined Bayer in 1988. His first duties were in the Corporate Finance Department in Leverkusen. In 1991 he transferred to Bayer Hispania Comercial in Barcelona, Spain, to take up a position as controller, becoming assistant to the managing director in 1995. A year later, Baumann moved to Bayer Corporation in Tarrytown, New York, latterly heading up the global Business Planning & Administration organization of the Diagnostics Business Group. In July 2002, Baumann returned to Germany to become a member of the Executive Committee and Head of Central Administration & Organization at Bayer HealthCare. In October 2003 he was appointed a member of the Board of Management of the newly formed subgroup Bayer HealthCare AG, also serving as the company's Labor Director. As a member of the Board of Management and Labor Director of Bayer Schering Pharma AG, Berlin, Germany, from 2006 through September 2009, he actively participated in this company's integration into the subgroup. Prior to October 1, 2014, he served as Bayer AG’s Chief Financial Officer (CFO).
|Total Annual Compensation, EUR||899,000|
|Restricted Stock Awards, EUR||--|
|Long-Term Incentive Plans, EUR||273,000|
|All Other, EUR||67,000|
|Fiscal Year Total, EUR||1,239,000|