Jorg Reinhardt quits as Chairman of Bayer HealthCare

Dr Jorg Reinhardt, Chairman of the Board of Management of Bayer HealthCare AG.

LEVERKUSEN, GERMANY: Dr Jorg Reinhardt, Chairman of the Board of Management of Bayer HealthCare AG and a member of the Bayer AG Executive Council, will not renew his contract which expires in summer 2013. Instead he intends to stand for election as new Director of Swiss healthcare company Novartis AG and designated non-executive Chairman of the Board. Reinhardt will end his active service with Bayer effective 28 February 2013.

Bayer AG Management Board member Professor Wolfgang Plischke, whose responsibilities currently include Technology, Innovation and Sustainability, will take over the function of Chairman at Bayer HealthCare in addition to his existing duties until a successor is appointed.

“With his experience and his commitment, Jorg has played a major part in the very positive development of Bayer HealthCare in recent years. However, we accept his decision to continue his career in his adopted country of Switzerland and wish him all the best for the future,” said Dr Marijn Dekkers, CEO, Bayer.

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