People: Bayer AG (BAYZF.PK)
Mr. Werner Wenning has been Chairman of the Supervisory Board of Bayer Aktiengesellschaft since October 1, 2012. He is Chairman of the Presidial Committee/Mediation Committee, the Human Resources Committee and the Nominations Committee, and Member of the Audit Committee and Innovation Committee at the Company. He joined Bayer on April 1, 1966 as a commercial trainee. After completing his vocational training and a one-year program in finance and accounting, he worked for a year in Corporate Auditing before being sent to Lima, Peru, in 1970 to establish and head up the finance department at the newly founded Bayer Industrial S.A. When he returned to Germany, he spent a further three years in the Corporate Auditing department. In 1978, he went back to Lima as Managing Director and administrative head of the Peruvian company. In 1983, he was appointed head of the staff department of what was then the Health Care Sector in Leverkusen. Three years later he transferred to the Plastics Business Group as head of marketing for thermoplastics. In 1987 he assumed responsibility for this business group’s global marketing operations. Starting on April 1, 1991, he was seconded for a year to the “Treuhandanstalt,” the Berlin-based privatization agency that helped to rebuild the economy in eastern Germany following reunification. In 1992, he was appointed Managing Director of Bayer Hispania Industrial S.A., Barcelona, and Senior Bayer Representative for Spain. In April 1996 he returned to Leverkusen to become head of Corporate Planning and Controlling. He was appointed to the Bayer AG Board of Management as Chief Financial Officer in February 1997 and took over as its Chairman in April 2002. He has been on the Supervisory Board of Henkel Management AG and Siemens AG (Vice Chairman).
|Total Annual Compensation, EUR||369,000|
|Restricted Stock Awards, EUR||--|
|Long-Term Incentive Plans, EUR||--|
|All Other, EUR||--|
|Fiscal Year Total, EUR||369,000|