Werner Wenning as Chairman of the Supervisory Board of Bayer AG.
The Supervisory Board decided to propose to the Annual Stockholders' Meeting on April 27, 2012 that Werner Wenning be elected to the Supervisory Board of Bayer AG with effect from October 1, 2012. It is planned that he will succeed Dr. Manfred Schneider as Chairman of the Supervisory Board as of that date. The term of office of all ten stockholder representatives on the Supervisory Board expires at the end of the Annual Stockholders' Meeting, and elections must therefore be held.
Specifically, it is proposed that Schneider remain a member of the Supervisory Board and its Chairman until September 30, 2012, and then be succeeded by Wenning, who would join the Supervisory Board and become its Chairman for the remainder of the term until 2017. The Chairman is not directly elected by the Annual Stockholders' Meeting but by the members of the Supervisory Board. Wenning (65) was Chairman of the Board of Management of Bayer AG from April 2002 until September 30, 2010.
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|Publication:||Pakistan Food Journal|
|Date:||Apr 30, 2012|
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