CP50: Bayer 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

  • MarijnDekkers.jpg

    Dr. Marijn Dekkers

    Chairman of the Board of Management

    Dr. Marijn Dekkers became Chairman of the Board of Management of Bayer AG on October 1, 2010. He succeeded Werner Wenning, who retired as of that date. <br><br> Dekkers joined Bayer AG as a member of the Board of Management on January 1, 2010, also serving as interim head of the Bayer HealthCare subgroup from May 1 until August 14, 2010. Before coming to Bayer, Dekkers was President and CEO of the U.S. laboratory equipment manufacturer Thermo Fisher Scientific Inc., Waltham, Mass.

  • WernerBaumann.jpg

    Werner Baumann

    Member of the Board of Management

    Baumann is the member of the Bayer AG Board of Management responsible for Finance (Chief Financial Officer) and for the Europe region. <br><br> After studying economics at RWTH Aachen University and the University of Cologne, he joined Bayer AG in 1988. His first duties were in the Corporate Finance Department in Leverkusen. In 1991 he transferred to Bayer Hispania Comercial in Barcelona, Spain, to take up a position as controller, becoming assistant to the managing director in 1995.

  • Plischke.jpg

    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.

Investor Information

For the latest financial reports, visit: http://www.investor.bayer.com/en/

Contact Information

  • Bayer Corp.
  • 100 Bayer Rd.
  • Pittsburgh, Pa. 15205-9741
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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.