30 September 2010 15:58 [Source: ICIS news]
TORONTO (ICIS)--Outgoing Bayer CEO Werner Wenning criticised German politicians on Thursday, accusing them of being too focused on risks while neglecting long-term opportunities, especially in key areas such as biotechnology.
Wenning spoke out on the last day in his job - he is due to be succeeded by Marijn Dekkers, who will take over on Friday (1 October).
Also, many of the products and solutions invented in
“Our research and development has to have a long-term view,” he added.
Wenning also defended his successor, rejecting suggestions that the appointment of Dekkers – who is Dutch and holds a
Decisions on such executive appointments were solely a matter of qualifications, and not nationality or tradition, Wenning said.The point for Bayer was to have a CEO who would continue to develop the company, especially in international growth markets.
“[Bayer] needs more variety in its management,” he said, adding that Dekkers' appointment underlined the company’s international profile. He went on to note that Bayer’s language of business has been English since 2004.
Wenning said he had no firm plans for his retirement. He planned to travel to
Wenning is a member of the supervisory boards of Deutsche Bank, energy firm E.ON, and two other firms, according to information on Bayer’s website.
However, unlike his predecessors, Wenning will not be able to immediately join Bayer’s supervisory board. A new German rule imposes a two-year waiting period before former CEOs can join their firms' supervisory boards.
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