Werner Baumann
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Born | 1962-10-03 Krefeld, Germany | |||||||||||
Nationality | German | |||||||||||
Alma mater | • RWTH Aachen University • University of Cologne | |||||||||||
Children | 4 | |||||||||||
Spouse | married | |||||||||||
German business executive who was CEO of Bayer from 2016 to May 2023. Attended the 2017 Bilderberg meeting during the $63 billion takeover of Monsanto, an acquisition that made conspicuously little business sense, leading to the suspicion that it was coerced from Bayer for other purposes.
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Werner Baumann is a German business executive who was the chief executive officer (CEO) of Bayer from 2016 to May 2023.[1] He attended the 2017 Bilderberg meeting during the $63 billion takeover of the Monsanto, an acquisition that made conspicuously little business sense,[2] leading to the suspicion that it was coerced from Bayer as part of the plan to deindustrialize Germany.
Career
CEO of Bayer. In 2019 "Bayer AG’s supervisory board called an emergency meeting on Friday after Chief Executive Officer Werner Baumann lost a crucial confidence vote as investors questioned his handling of the $63 billion Monsanto deal and the wave of U.S. lawsuits that followed."[3]
Education
Baumann was born on 6 October 1962 in Krefeld, Germany.[4] Baumann was the first of his family to attend university, studying economics at RWTH Aachen University and the University of Cologne.[4] Despite having interest in working for an auditing firm, he chose to work at Bayer, thinking he could finish his doctorate degree.[5]
Career
Baumann began working for Bayer, the German multinational pharmaceutical, chemical and "life sciences" company, in 1988. He started his career in the finance department and later worked under Werner Wenning as his assistant in the Spanish business division.[5]
Baumann began to rise through the ranks and went on to hold the position of chief financial officer[6] and chief of strategy. As chief of strategy, Baumann played a key role in the Bayer AG acquisition of Schering in 2006.[7][8]
In February 2016, Baumann was announced as the next CEO of Bayer, succeeding Marijn Dekkers.[9][10] After only four weeks as CEO, Baumann launched a US$62 billion all cash takeover bid for Monsanto, an American agricultural, seed, and agrochemical company.[11] The acquisition took over 20 months to complete and closed on 7 June 2018. Losses for Bayer investors reach tens of billions of Euros just two years after the acquisition. His position as CEO of Bayer was renewed in 2020 until 2024 before the general meeting of shareholders in 2021.[12][13][14] By 2023, Bayer investor DekaBank called for Baumann to be replaced ahead of his scheduled departure.[15] Bayer subsequently picked Bill Anderson to succeed him.[1]
Events Participated in
Event | Start | End | Location(s) | Description |
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Bilderberg/2017 | 1 June 2017 | 4 June 2017 | US Virginia Chantilly | The 65th Bilderberg Meeting |
Munich Security Conference/2020 | 14 February 2020 | 16 February 2020 | Germany Munich Bavaria | The 56th Munich Security Conference, in 2020, "welcomed an unprecedented number of high-ranking international decision-makers." |
Munich Security Conference/2022 | 18 February 2022 | 20 February 2022 | Germany Munich Bavaria | Slightly less than 1/3 of the 664 of the participants have pages here |
WEF/Annual Meeting/2014 | 22 January 2014 | 25 January 2014 | Switzerland WEF | 2603 guests in Davos considered "Reshaping The World" |
WEF/Annual Meeting/2016 | 20 January 2016 | 23 January 2016 | Switzerland WEF | Attended by over 2500 people, both leaders and followers, who were explained how the Fourth Industrial Revolution would changed everything, including being a "revolution of values". |
WEF/Annual Meeting/2017 | 17 January 2017 | 20 January 2017 | Switzerland WEF | 2952 known participants, including prominently Bill Gates. "Offers a platform for the most effective and engaged leaders to achieve common goals for greater societal leadership." |
WEF/Annual Meeting/2019 | 22 January 2019 | 25 January 2019 | Switzerland WEF | "The reality is that we are in a Cold War [against China] that threatens to turn into a hot one." |
WEF/Annual Meeting/2020 | 21 January 2020 | 24 January 2020 | Switzerland WEF | This mega-summit of the world's ruling class and their political and media appendages happens every year, but 2020 was special, as the continuous corporate media coverage of COVID-19 started more or less from one day to the next on 20/21 January 2020, coinciding with the start of the meeting. |
WEF/Annual Meeting/2022 | 22 May 2022 | 26 May 2022 | Switzerland WEF | 1911 guests in Davos |
References
- ↑ Jump up to: a b https://www.reuters.com/business/bill-anderson-become-ceo-germanys-bayer-2023-02-08
- ↑ https://www.fiercepharma.com/pharma/worst-deal-ever-bayer-s-market-cap-now-close-to-total-cost-it-paid-for-monsanto
- ↑ https://www.bloomberg.com/news/articles/2019-04-26/bayer-ceo-loses-key-vote-as-investors-reject-monsanto-strategy
- ↑ Jump up to: a b http://www.bayer.com/en/werner-baumann.aspx
- ↑ Jump up to: a b https://www.ft.com/content/20b3b5b6-1e6e-11e6-b286-cddde55ca122
- ↑ https://www.ft.com/content/33118c7f-c1af-3ea0-8eaf-134a0530c04f
- ↑ https://www.biospace.com/article/bayer-ag-confirms-strategy-chief-b-werner-baumann-b-as-new-ceo-/
- ↑ https://www.reuters.com/article/us-bayer-baumann-idUSKCN0VR1TB
- ↑ https://www.bloomberg.com/news/articles/2016-02-24/bayer-names-werner-baumann-to-succeed-marijn-dekkers-as-ceo
- ↑ http://www.fiercepharma.com/story/werner-baumann-takes-top-bayer-job-may-1-marijn-dekkers-exits/2016-02-24
- ↑ https://www.telegraph.co.uk/business/2016/05/28/baumanns-monster-may-be-best-left-in-the-corporate-finance-lab/
- ↑ https://global.handelsblatt.com/companies/bayer-monsanto-name-end-controversy-931456}
- ↑ http://www.hpj.com/ag_news/bayer-plans-closing-of-monsanto-acquisition-on-june/article_1bde8b74-68c7-11e8-a9a3-678e9d1115a8.html%7Ctitle=Bayer plans closing of Monsanto acquisition on June 7|work=High Plains Journal|access-date=6 June 2018|language=en}}
- ↑ https://media.bayer.com/baynews/baynews.nsf/id/Bayer-closes-Monsanto-acquisition?Open&parent=news-overview-category-search-en&ccm=020
- ↑ Ludwig Burger (28 January 2023), Bayer investor calls for swift replacement of CEO -newspaper Reuters.