Bayer Investor Temasek Pushing for Ousting of Bayer CEO, Bloomberg Reports
March 28 2022 - 5:56AM
Dow Jones News
--Bayer AG's investor Temasek Holding Pte is pushing to remove
the company's Chief Executive Werner Baumann, Bloomberg reported,
citing people familiar with the matter.
--Temasek has complained about Bayer's leadership to the company
and its supervisory board chairman, and it is said to have concerns
about Bayer's operating performance under Mr. Baumann and its lack
of a succession plan, Bloomberg said, citing the people.
--The investor might request a no-confidence vote on Mr. Baumann
at next month's shareholder meeting, though no final decision has
been made on the course of action, Bloomberg reported.
Full story: https://bloom.bg/3iHuKVf
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
March 28, 2022 05:41 ET (09:41 GMT)
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