Monsanto Adds to Board of Directors, Increases Quarterly Dividends
4 August 2011 Monsanto Company has appointed Jon R. Moeller to the company’s board of directors, according to the newly-released statement.
Moeller is currently the chief financial officer for the Procter & Gamble Company. Since joining P&G in 1988, Moeller has held a variety of positions in the company’s finance organization. His appointment is effective immediately, and he will stand for election to the Board at the 2013 annual meeting of shareowners. He will serve on the Audit and Finance Committee and the Science and Technology Committee, according to the company.
“On behalf of Monsanto, I am pleased to announce the appointment of Jon Moeller as an independent director to our Board,” said Hugh Grant, Monsanto’s chairman of the board, president and CEO in a statement. “His impressive experience with one of the world’s leading corporations has equipped him to bring valuable insight to our board on corporate and financial matters related to operating a complex global business.”
The addition of Moeller to Monsanto’s board brings the number of directors to 11, with 10 independent directors.
The company also announced the board of directors declared an increase in the quarterly dividend on its common shares from 28 cents per share to 30 cents per share as part of its continuing commitment to return value to shareowners, according to the release. The dividend relates to the company’s fourth quarter of its 2011 fiscal year.
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