Bayer (ETR:BAYN) named strategy chief Werner Baumann to replace Marijn Dekkers as CEO today, prompting some industry watchers to speculate that there’s more deal-making ahead for the German firm’s non-pharma markets.
Baumann, who’s slated to succeed Dekkers May 1, joined Bayer in 1988 and made a name for himself with the successful integration of rival drugmaker Schering in 2006 – at the time Bayer’s biggest-ever takeover – and was a driving force behind the acquisition of Merck & Co’s consumer health unit 8 years later.
Investment bankers who know him describe Baumann as introverted and indifferent to executive trappings, but said this should not be confused with a lack of determination.
“Werner Baumann shouldn’t be underestimated. He won’t hesitate to do a deal if it fits,” one of them said.
Cornell dean is Dana-Farber’s 1st female CEO
The Dana-Farber Cancer Institute appointed Dr. Laurie Glimcher to be its 1st female CEO. Glimcher, an immunologist, is dean of Cornell University’s medical college, Weill Cornell Medicine. She’s slated to replace Dr. Edward Benz in January 2017.
Calmare Therapeutics names Chansky as regulatory chief
Calmare Therapeutics said it named Dr. Christine Chansky to be its new chief regulatory officer.
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Material for Reuters was used in this report.