Bayer extends CFO service contract until May 2018

Johannes Dietsch’s CFO service contract is extended by Bayer supervisory board.

LEVERKUSEN, GERMANY: Bayer AG said that its supervisory board has extended the current service contract of chief financial officer (CFO) Johannes Dietsch (55) until 31 May 2018. After that date, Johannes Dietsch will be leaving the company at his own request. Dietsch’s successor as CFO will be announced at a later date.

Johannes Dietsch has been a member of the board of management since 1 September 2014. He is responsible for finance, Asia Pacific and North America regions.

“Designing the detailed financing of the Monsanto acquisition and the ongoing approval and integration processes are key milestones of the transaction which still lie ahead of us. With his expertise, Dietsch will be providing substantial support in this important phase and helping to lead the Monsanto acquisition to a successful conclusion,” said Werner Wenning, chairman of the supervisory board of Bayer AG.

“Over the past 35 years, Dietsch has contributed to the success of Bayer in a number of different functions. We are very grateful to him for this service and would like to wish him all the best for when he leaves the Bayer board of management,” added Wenning.

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