CP50: Monsanto Co.
Monsanto is an agricultural company that produces seed brands in large-acre crops such as corn, cotton and oilseeds (soybeans and canola), as well as small-acre crops such as vegetables. The company also produces in-the-seed trait technologies for farmers that are aimed at protecting their yield, supporting their on-farm efficiency and reducing their on-farm costs. Monsanto was founded in 1901 and was first incorporated as a subsidiary of Pharmacia in 2000, and then spun off as a separate company in 2002. In addition to its seeds and traits business, Monsanto also manufactures the popular herbicide Roundup and other herbicides used by farmers, consumers and lawn-and-garden professionals. Monsanto invested more than $780 million last fiscal year researching new tools for farmers. The company concentrates the vast majority of its researchand development efforts on new biotech traits, elite germplasm, breeding, new variety and hybrid development, and genomics research. Other R&D projects support the company’s current products, including improved formulations of Roundup herbicide. The annual R&D budget is targeted at roughly 10% of sales.
President, Chairman and CEO
Prior to his appointment as president, chairman and CEO, Hugh Grant served as executive vice president and chief operating officer and managing director of all Monsanto business units in Southeast Asia, Australia and New Zealand. He also led the marketing, sales and technology organizations in Europe and North America.
Senior Vice President and Chief Financial Officer
Courduroux leads Monsanto’s finance organization. Prior to his appointment to the role in January 2011, Courduroux served in various other areas throughout the company, including CFO of Monsanto’s Vegetable Seeds (Seminis) organization, Europe Africa finance director, global planning and analysis lead and Roundup global business analyst.
Robert T. Fraley
Executive Vice President and Chief Technology Officer
Robert T. Fraley oversees Monsanto's integrated crop and seed agribusiness technology and research with facilities in most every world area. Previously he worked as co-president of Monsanto's Agricultural Sector and president of Monsanto's Ceregen business unit.
For the latest financial reports, visit: http://www.monsanto.com/investors/default.asp