BNET Industries
Last Fiscal Year Sales:$35.9B
- Public
- DE
Dow Jones Description
Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials. Our products and services are designed to benefit people and improve their quality of life. At the same time we want to create value through innovation, growth and improved earning power. We already successfully reorganized the Bayer Group and further streamlined our portfolio to create a new Bayer that is focused on its corporate strengths, its customers and the markets of the future. To help us achieve this goal, we then carried out a strategic realignment in order to concentrate in future on three high-potential, agile subgroups with largely independent operations: HealthCare, CropScience and MaterialScience, supported by three service companies. Our operating companies give us the access we need to the growth markets of the future. As an inventor company, we plan to continue setting trends in research-intensive areas. Innovations are the foundation for our competitiveness and our corporate growth, and thus for our success in the future. We believe our technical and commercial expertise entails a duty to contribute to sustainable development ? a principle we wholeheartedly endorse, mindful of its social, ethical and environmental elements. In awareness of our responsibilities as a corporate citizen, we define economy, ecology and social commitment as objectives of equal rank. We seek to retain society?s confidence through performance, flexibility and open communication as we work in pursuit of our overriding corporate goals: to steadily create corporate value and generate high value-added for the benefit of our stockholders, our employees and the community in every country in which we operate.
Director, Finance
Klaus KuhnNumber of Employees 122,100
Peer Companies
NAICS Code Plastics Material and Resin Manufacturing: 325211
Recent Events
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Bayer and United Nations Environment Programme Launch 19th Annual International Children's...
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Bayer Consumer Care Launches CitracalR Calcium Plus Heart Health
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German drug, chemical company Bayer's Q3 net income falls 10 per cent
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Bayer, US Onyx launch phase III trial of Nexavar in patients with non-responsive thyroid cancer
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BRIEF-Credit Suisse raises targets on European pharma cos
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Bayer accused of hiding Yaz contraceptive risk
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Bayer downgraded to neutral from buy at UBS
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Abbott Laboratories to acquire Solvay Pharmaceuticals
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Bayer's contested kidney cancer drug shows benefit
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Bayer names new CEO
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Bayer Introduces CONTOUR USB - The First Blood Glucose Meter With Unique Plug & Play...
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Bayer's next CEO has a year to prepare Today
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Bayer AG tabs outsider as CEO's successor
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Bayer Unveils Management Shuffle
News & Analysis
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bayer ag and marketing - All News and Analysis
Bayer Turns HQ Into Giant Electronic Billboard
BNET
- 2009-10-30
In a move that wouldn't look out of place in the film Bladerunner, Bayer BAY has covered the entire surface of its former Leverkusen HQ in 5.6 million LED lights to create a semi-permanent lightshow video below. by Jim Edwards
On Yaz, Bayer Believes "a Multiple of a Rare Event Is Still a Rare Event"
BNET
- 2009-09-29
The mainstream media has finally woken up to Bayer's problems on its Yaz contraceptive brands. The New York Times published a story over the weekend about the 74 lawsuits against the company alleging that the pills cause potentially fatal embolisms in users. A close look at recent events at Bayer...
BMJ: Ingredient in Bayer's Yaz Causes More Blood Clots Than Rivals
BNET
- 2009-09-11
Folks inside the Yaz brand management team at Bayer have another pill-induced headache this month in the form of a BMJ study that indicates the progesterone ingredient of Yaz is more risky than those in other contraceptives. by Jim Edwards
Crime Wave Strikes Big Pharma; Novo, GSK and Bayer Targeted in Pill Heists
BNET
- 2009-08-27
A crime wave hit the drug business this summer: The FDA is warning people to be on the lookout for stolen vials of Novo Nordisk's Levemir; GlaxoSmithKline put out an advisory cautioning people not to take any of the Advair stolen from a facility in Richmond, Va.; and a survey...
Probe: Bayer Destroyed Evidence After Fatal Explosion; Tried to Dampen Media Coverage
BNET
- 2009-04-22
Bayer seems determined to make a bad situation worse for itself in the Congressional investigation of an explosion at its Institute, W.Va., crop sciences plant. Congress heard that Bayer destroyed evidence and engaged in a secrecy campaign in order to restrict media coverage and public criticism of how it handles...
Bayer's Lawyers Nix Public Hearing on Explosion at WV Plant
BNET
- 2009-02-25
Lawyers for Bayer have successfully persuaded the U.S. Chemical Safety Board to delay discussing why a Bayer chemical plant in West Virginia blew up, killing two people, last August. The public meeting, at which the safety board was to brief Kanawha Valley residents on its investigation into the explosion, was...
Bayer Hires The Hills' Lo Bosworth to Tout Birth Control Pill Yaz
BNET
- 2009-01-26
Bayer has hired Lo Bosworth, the least-interesting of the cast of MTV's The Hills, as an endorser and spokeswoman for birth-control pill Yaz. Bosworth, is regarded to have been brought onto the vapid show for the purpose of creating a rift between stars Lauren Conrad and Heidi...
Bayer Urges India to Link Patents and Drug Approvals to Stymie Generics Producers
BNET
- 2009-01-20
Bayer has placed itself at the forefront of an international lobbying campaign by the pharmaceutical industry to link patents and marketing approval in foreign countries. On Monday, the Delhi High Court will hear a case in which Bayer wants a ruling that will legally link marketing approval for drugs to...
Bayer Funding of Beekeepers' Association Draws Controversy
BNET
- 2009-01-19
Bayer's role (or lack thereof -- the science jury is still out) in the mass death of bees just keeps making news. The annual meeting of the British Beekeepers Association became contentious over a vote on whether the BBKA should endorse certain pesticides. The BBKA executive panel won the vote...
Odds May Be Against a Pfizer-Bayer Deal
BNET
- 2008-09-09
The chatter in Europe today is the rumor that Pfizer may be interested in acquiring Bayer. Bayer's stock is trading up on the news. It's an interesting prospect. Pfizer's stock is in the dumpster and won't start looking up until its pipeline starts to revive after 2011....
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Klaus Kuhn | Director, Finance |
| Richard Pott | Director, Strategy and Human Resources |
| Wolfgang Plischke | Director, Innovation, Technology and Environment |
| Hartmut Klusik | Head, Product Supply |
| Gary S Balkema | Executive Committee Member |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Arthur J Higgins | Chairman, HealthCare |
| Werner Wenning | Executive Chairman |
| Klaus Kleinfeld | Board of Directors |
| Paul Achleitner | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Bayer AG | Director, Finance | Current |
| University of South Carolina | MBA | Former |
| Organization | Position | Status |
|---|---|---|
| Bayer AG | Director, Strategy and Human Resources | Current |
| University of Cologne | doctorate in physics | Former |
| Organization | Position | Status |
|---|---|---|
| Bayer AG | Director, Innovation, Technology and Environment | Current |
| Bayer HealthCare AG | Manager | Current |
| Bayer HealthCare AG | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bayer AG | Head, Product Supply | Current |
| Organization | Position | Status |
|---|---|---|
| Bayer AG | Chairman, HealthCare | Current |
| Enzon Pharmaceuticals, Inc. | CEO | Former |
| Pharmaceutical Research and Manufacturers of America | member | Former |
| Bayer HealthCare, Animal Health Division | Chairman | Former |
| Enzon Pharmaceuticals, Inc. | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Bayer AG | Executive Chairman | Current |
| Henkel AG & Co. KGaA | Supervisory Board | Current |
Klaus Kleinfeld is president and chief executive officer of Alcoa. He joined the company in 2007 as president and chief operating officer and seven months later assumed CEO responsibilities. He has served on Alcoa's board of directors since 2003. Alcoa is a world leader in the production and management of a very sustainable product: aluminum. Nearly 75% of the aluminum ever produced since 1888 is still in use today. The company has been a technology leader since its beginning, providing more than 90% of the aluminum alloys used in aircraft and space flight; helping making automobiles lighter, without compromising safety or performance; manufacturing sheet that created the ultimate recyclable container, the aluminum beverage can; and providing building and construction industry materials that help further the green building movement. In addition, to serving customers in these markets, Alcoa also markets wheels, fastening systems, precision and investment castings, and building systems. The company has 97,000 employees in 34 countries. Before coming to Alcoa, Mr. Kleinfeld had a 20-year career with Siemens, the global electronics and industrial conglomerate, based in the U.S. and Germany, where he served as chief executive officer of Siemens AG starting in 2005. During his tenure, Mr. Kleinfeld presided over a dramatic transformation of the company, reshaping the company's portfolio around three high growth areas, resulting in increase of revenues and market capitalization nearly doubled. Prior to his service on the Managing Board of Siemens AG, Mr. Kleinfeld was President and Chief Executive Officer of Siemens Corporation, its U.S. arm and the company's largest region. In addition to serving on Alcoa's board, he is a member of the board of Bayer AG. On the personal front, Mr. Kleinfeld was born in Bremen, Germany and educated at the University of Goettingen and University of Wuerzburg, both in Germany. He holds a Ph.D in strategic management and master's degree in business administration. In his leisure time, he enjoys skiing, tennis, the arts and is a marathon runner. Mr. Kleinfeld resides in New York with his wife and children.
| Organization | Position | Status |
|---|---|---|
| Alcoa, Inc. | President & Chief Executive Officer | Current |
| Bayer AG | Board of Directors | Current |
| Alcoa, Inc. | Board of Directors | Current |
| Siemens AG | President & CEO | Former |
| Siemens Corporation | Chief Executive Officer | Former |
| Alcoa, Inc. | Chief Operating Officer | Former |
| Siemens Corporation | Chief Operating Officer | Former |
| Siemens AG | Chief Operations Officer, U.S. | Former |
| Siemens AG | Executive Vice President | Former |
| Siemens AG | Audit Committee Principal | Former |
| Citigroup Inc. | Board of Directors | Former |
| Siemens AG | Board of Directors | Former |
| Siemens Corporation | member | Former |
| Organization | Position | Status |
|---|---|---|
| Allianz SE | Executive Director, Finance | Current |
| Bayer AG | Board of Directors | Current |
| Goldman, Sachs & Co. | Vice President, Mergers & Acquisitions | Former |
| Bain & Company | Manager, Strategy Consulting | Former |
| Organization | Position | Status |
|---|---|---|
| Bayer AG | Executive Committee Member | Current |
| Bayer HealthCare, Animal Health Division | President, Worldwide Bayer Consumer Care Division | Former |
| Fairleigh Dickinson University | master of business administration degree | Former |
Executive News
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Report from Europe: U.S. Close vs. China Rebound
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Alcoa Named Component of Dow Jones Sustainability Index for Eighth Consecutive Year
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Alcoa says global aluminium demand to fall 5.5 pct -Bloomberg
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Siemens To Settle Bribery Charges with Three Former Execs
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Siemens poised to settle with ex-managers
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UPDATE 1-Siemens poised to settle with ex-managers
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UPDATE 1-Siemens poised to settle with ex-managers
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Bayer AG (BAY.F) May Be Ready for Deals After Lost Intervet Bid
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Inventories May Temper Aluminum Rally
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