RSSBayer Corp.
Company Information
The company, which created aspirin in 1897, makes health-care products (prescription pharmaceuticals, OTC drugs, and animal health care), specialty materials (plastics and high-performance materials), and agricultural products (for crop protection and home garden care). It operates in the U.S. through Bayer Corp.
Overall Bayer, also referred to as Bayer Group, has some 350 operating companies worldwide. Bayer AG defines common values, goals and strategies for the entire Group. The three subgroups and three service companies operate independently, led by the management holding company. The Corporate Center supports the Group Management Board in its task of strategic leadership.
Company Officers
Werner Wenning
Chairman of the Board of Management
Wenning has been Chairman of the Board of Management of Bayer AG since April 26, 2002. He joined Bayer AG in Leverkusen as a commercial trainee on April 1, 1966. He then took a year’s training in finance and accounting and worked for a another year in the Corporate Auditing Department. Wenning holds a number of offices outside Bayer: - Vice President of the German Chemical Industry Association (VCI), Frankfurt (Wenning served as VCI President from September 2005 through September 2007); - a member of the Shareholders’ Committee of Henkel AG & Co. KGaA, Düsseldorf; - a member of the Supervisory Board of E.ON AG, Düsseldorf; - a member of the Supervisory Board of Deutsche Bank AG, Frankfurt.
Klaus Kühn
member of the Board of Management
Kühn has been a member of the Board of Management of Bayer AG since May 1, 2002. He is responsible for Finance and represents the Europe region. After studying mathematics and physics at the Technical University of Berlin, he joined the data processing department of Siemens AG in 1979. He transferred to Schering AG in Berlin in 1981, holding a number of positions of increasing responsibility – which included a period in the United States – before becoming Head of Finance in 1996. During this time he also completed an MBA course at the University of South Carolina in Columbia.
Dr. Wolfgang Plischke
member of the Board of Management
Plischke has been a member of the Board of Management of Bayer AG since March 1, 2006. He is responsible for Innovation, Technology and Environment, and for the Asia/Pacific region and is Chairman of the Supervisory Board of Bayer Real Estate GmbH. From July 1, 2002 until his appointment to the Bayer AG Board, he was a member of the Bayer HealthCare Executive Committee and head of the Pharmaceuticals Division. Plischke studied biology at Hohenheim University before starting his career in 1980 with Bayer’s subsidiary Miles Diagnostics. In 1995 he became President of Bayer Yakuhin Ltd., Japan, with responsibility for Pharmaceuticals and Consumer Care.
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Products
Besides its line of Bayer aspirins, the company's best-known consumer brands include Aleve, Alka-Seltzer, and One-A-Day vitamins. The Bayer Group markets some 5,000 products. Business operations are the responsibility of its subgroups:
• Bayer HealthCare (http://www.bayerhealthcare.com) makes an important contribution to human and animal health with its innovative products and by researching new therapeutic approaches. The subgroup has four operating divisions: Bayer Schering Pharma (prescription medicines), Consumer Care (over-the-counter medicines and nutritional supplements), Diabetes Care (blood glucose monitoring systems), Animal Health (veterinary medicines and grooming products).
• Bayer CropScience (http://www.bayercropscience.com) is a world leader in the areas of crop protection, pest control, seeds and plant biotechnology. As a partner in the production of high-quality food, feed and fiber, the company offers comprehensive solutions for modern, sustainable agriculture and non-agricultural applications.
• Bayer MaterialScience (http://www.bayermaterialscience.com) is one of the world’s leading manufacturers of polymers and high-quality plastics. Apart from its polycarbonates and polyurethanes, this company’s offering also includes innovative developments in the fields of coatings, adhesives, insulating materials and sealants. Principal customers are the automotive and construction industries, the electrical/electronics sector and manufacturers of sports and leisure articles, packaging and medical equipment.
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