Bayer Announces Executive Leadership Team for New Crop Science Division
Liam Condon will lead Bayer’s new crop science division that’s slated to go into effect at the close of Bayer’s proposed acquisition of Monsanto. The closing is still subject to pending regulatory approval. Bayer and Monsanto continue to work closely with regulators in order to close the transaction in the second quarter of 2018, say Bayer officials.
Condon continues to serve as a member of Bayer’s Board of Management and as president of the crop science division headquartered in Monheim, Germany. He is also responsible for Bayer’s Animal Health business unit.
Bayer’s announcement coincides with Monsanto’s announcement that its CEO, Hugh Grant, will be stepping down at the close of the proposed acquisition. Also stepping down following the deal’s close will be Pierre Courduroux, chief financial officer, and Robert Fraley, chief technology officer.
Other members of the executive leadership team following closing of the proposed acquisition will be:
- Brett Begemann, who will become head of commercial operations (chief operating officer). He currently serves as the chief operating officer at Monsanto. Begemann will be based in St. Louis.
- Michael Stern, who will become head of digital farming / Climate Corporation. He currently serves as the chief executive officer of Monsanto’s Climate Corporation. Stern will be based in St. Louis.
- Robert Reiter, who will head research and development. He is the current technology integration planning lead at Monsanto. He will be based in Monheim.
- Frank Terhorst, who will become head of crop strategy & portfolio management. Currently, he is responsible for premerger planning within Bayer’s crop science division. Terhorst will be based in St. Louis.
- Dirk Backhaus, who will serve as the head of product supply. He currently holds the same position within Bayer’s crop science division. He will be based in Monheim.
- Jesus Madrazo, who will head agricultural affairs & sustainability. Currently, he is responsible for global supply chain and commercial operations at Monsanto. Madrazo will be based in Monheim.
- James Swanson, who will become crop science chief information officer and head of IT / digital transformation. He currently serves as chief information officer at Monsanto. He will be based in Monheim.
- Gabriele Oehlschlaeger, who will head human resources. Currently, she is responsible for talent management within Bayer’s human resources & organization. She will be based in Monheim.
- Michael Schulz, who will become chief financial officer for crop science and head of finance. He is currently responsible for finance for Bayer’s crop science division and will be based in St. Louis.
- Lars Benecke, who will head law, patents, and compliance. He currently holds the same position within Bayer’s crop science division and will be based in Monheim.
- Martin Dawkins, who will head postmerger integration. Currently, he is responsible for postmerger integration within Bayer’s crop science division. Dawkins will be based in Monheim.
The appointments will only become effective with the closing of Bayer’s acquisition of Monsanto, which depends on receipt of the required regulatory approvals, say company officials. Until that date, both companies will continue to operate as competitors under their current structures.