Monsanto Company. (At Closing People).Monsanto The Monsanto Company (NYSE: MON) is a multinational agricultural biotechnology corporation. It is the world's leading producer of the herbicide glyphosate, marketed as "Roundup". Company, St. Louis, announces that Hendrik Verfaillie has resigned as chief executive officer Chairman Frank AtLee has stepped in and will serve as interim CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. while the company conducts an external search. The company says the resignation was a mutual decision. Vertaillie had been with Monsanto for 26 years. He led the company through the merger with Pharmacia & Upjohn, a subsequent intitial public offering, and the complete spinoff Spinoff A new, independent company created through selling or distributing new shares for an existing part of another company. Notes: Spinoffs may be done through a rights offering. from Pharmacia Corporation. |
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