Monsanto Execs to Step Down After Bayer Deal Closes

Monsanto Co. Chairman and Chief Executive Officer Hugh Grant announced his intent to leave Monsanto at the closing of the acquisition of Monsanto by Bayer AG.

Grant will maintain his position as chairman and CEO until closing, continuing to focus on leading the company on its top objectives of securing deal approval and delivering on its underlying business priorities. Bayer continues to target closing in the second calendar quarter of 2018.

In addition to Chairman and CEO Hugh Grant, several members of the Monsanto Executive Team also announced they will be departing shortly after closing. Each will stay with the company for a period of time following closing to help support a successful transition with Bayer. Executive Team members departing after closing include: Chief Financial Officer Pierre Courduroux, Chief Technology Officer Dr. Robert Fraley, Chief of Staff and Community Relations Janet Holloway, Chief Human Resources Officer Steven Mizell, Chief Strategy Officer Kerry Preete, Controller Nicole Ringenberg, and Secretary and General Counsel David Snively.

Current Monsanto executives who will transition to become members of the Crop Science Executive Leadership Team at Bayer once the deal is closed include Monsanto President and Chief Operating Officer Brett Begemann, Climate Chief Executive Officer Dr. Michael Stern, Monsanto Chief Information Officer James Swanson, Monsanto Technology Integration Lead Dr. Robert Reiter and Monsanto Global Supply Chain and Commercial Operations Lead Jesus Madrazo.

“It has been my sincere privilege to serve as Monsanto’s CEO during this period of extraordinary growth and transformation within our business,” said Grant. “I’m proud of what we’ve delivered and look forward to what the future holds for this organization.”

Grant has worked in agriculture his entire career, beginning with a part-time job in college in Scotland, to leading Monsanto as Chairman and CEO since 2003. Over his 35-year tenure with the company, he has worked for Monsanto on three continents, managing key elements of the global business and helping to diversify the company’s products and solutions for growers.

“On behalf of the Monsanto Board of Directors, I want to recognize and thank Hugh for his extraordinary leadership at Monsanto,” said Bob Stevens, Monsanto Lead Director. “It has been my honor to work alongside him for the past 15 years and watch as he has helped shape not only Monsanto, but the broader agriculture industry as well. Hugh’s unwavering commitment to Monsanto’s employees and customers have been key drivers for the outstanding culture he and his team have built. His leadership and legacy will undoubtedly be felt for years to come.”

“The combination with Bayer will be a historic day for Monsanto, reinforcing the value of our business and the remarkable foundation our global team of more than 20,000 employees has built over the years,” Grant added. “While I have made the decision to pursue new opportunities following the closing of the transaction, I will continue to be an advocate for agriculture and look forward to always being a voice in the conversation. My enthusiasm and excitement for what is ahead with Bayer, and the opportunity the combined company will have to support growers in their effort to be more productive, more profitable and more sustainable, is stronger than ever.”

 

Topics: ,

Leave a Reply

Agrichemicals

Adjuvants

Clariant, Eastman Enter Distribution Agreement

Clariant, a world leader in specialty chemicals, and Eastman Chemical Company, a global advanced materials and specialty additives company, announced

Agrichemicals

What Does a Traceability Software Product Do in Agribusiness?

Editor’s note: This article was originally published on LinkedIn. I’ve been traveling over the last one week, on-boarding our first large

Agrichemicals

University of Utah Recognizes Aqua-Yield/Nano Institute Partnership in New Annual Report

In a newly-published annual report, the University of Utah’s Center for Technology & Venture Commercialization (TVC) touts the first-of-its-kind collaboration

Corn closeup
Herbicides

Bayer Posts More Than 300 Glyphosate Safety Studies Online

Today, Bayer marks the first anniversary of its Transparency Initiative, designed to enhance trust in the science behind crop protection

Agrichemicals

UPL Mauritius to Acquire Bioquim Group

UPL Mauritius, a subsidiary of UPL, India is set to acquire 100% shares of Bioquim Group which includes companies based

Parry-lab
Agrichemicals

Crop Protection: How to Lead Innovation in R&D Teams (Part 5)

Editor’s note: This is the fifth of seven articles in a series on Strategic R&D Management in AgChem and BioScience

Aphids Cotton
Agrichemicals

Nichino America Gets EPA Approval for Insecticide

PQZ insecticide from Nichino America, Inc. has been granted a U.S. EPA label expansion for food crop use, the company

Agrichemicals

Crystal Crop Protection Acquires Three Syngenta Brands

New Delhi-headquartered Crystal Crop Protection, a firm backed by private equity firm Everstone Capital, has acquired three insecticide and fungicide

Agrichemicals

Bayer to Offer Access to Glyphosate Studies

Bayer will soon include safety study summaries of glyphosate on its dedicated transparency platform. This next step will mark the first

Agrichemicals

What to Expect for U.S. Dicamba Use in 2019

Long-awaited news from U.S. Environmental Protection Agency on its decision to extend the registration for the new dicamba technologies arrived Halloween

Agrichemicals

Bayer: Study Shows its Soybeans Reduce Environmental Impact

Results from a five-year peer-reviewed study on Intacta RR2 PRO™ soybeans planted in South America were recently published, indicating that

Jay-Vroom-Covers-featured-image
Agrichemicals

A Salute to Retired CropLife America President Jay Vroom

Editor’s note: It goes without saying that crop protection manufacturing is a central point of interest to readers of this

US-China-Trade-War
Agrichemicals

Expect Herbicide Price Hikes in 2019

Herbicide price hikes across the board are an inevitability for 2019, as the entire U.S. ag community deals with a

Agrichemicals

Corteva to Launch New Fungicide, Starting in Asia Pacific

Corteva Agriscience announced Adavelt active as the new brand name for a novel fungicide that will offer farmers curative and

wheat-field
Agrichemicals

Albaugh Discusses 2018 Trials of CoAXium Wheat System

Albaugh announced that the CoAXium Wheat Production System driven by Aggressor herbicide exceeded expectations in 2018 performance evaluation trials, demonstrating

Agrichemicals

FMC Launches Insecticide/Fungicide

FMC Corp. has launched Ethos 3D insecticide/fungicide, formulated specifically for the novel 3RIVE 3D in-furrow application system that converts traditional

Corn-field
Herbicides

The U.S. Battle over Glyphosate Has ‘Old World’ Roots

Although it’s been in use since 1974, glyphosate has come under intense attack here in the U.S. just recently, writes

Kenya-Agriculture
Africa/Middle East

Kenya’s Crop Protection Industry Fears ‘Dire Consequences’ of New Pesticides Tax

The agrichemcials industry in Kenya is up in arms over a decision by the government to impose a 16% value-added

Agrichemicals

U.S. EPA Renews Dicamba Label, with New Restrictions

Long-awaited news from U.S. EPA came on the evening of Oct. 31 that it has decided to renew the label

Latest News

Adjuvants

Clariant, Eastman Enter Distribution Agreement

Clariant, a world leader in specialty chemicals, and Eastman Chemical Company, a global advanced materials and specialty additives company, announced

Agrichemicals

What Does a Traceability Software Product Do in Agribusiness?

Editor’s note: This article was originally published on LinkedIn. I’ve been traveling over the last one week, on-boarding our first large

Agrichemicals

University of Utah Recognizes Aqua-Yield/Nano Institute Partnership in New Annual Report

In a newly-published annual report, the University of Utah’s Center for Technology & Venture Commercialization (TVC) touts the first-of-its-kind collaboration

Asia

China Could Subsidize Agribusiness Buying in Trade Truce

With a trade truce delaying escalation of tariffs between the U.S. and China into March, there is an opportunity for

Asia

Report: U.S. Farmers Still Planning Fewer Soybeans in 2019 Despite Promise of China Trade Deal

When President Donald Trump was having the highly-anticipated dinner with China’s President Xi Jinping at the G20 summit, farmers in