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 - All News and Analysis
Bayer Tries New Google Drug Ad Format But Lawyers Spoil the Party
BNET
- 2009-11-18
Bayer BAY is trying out the new Google-invented ad format that includes a fixed link to a drug's risk and side effect information. The ads are for Yaz, Bayer's troubled contraceptive. But Bayer's Google ads are outnumbered and surrounded by those from lawyers advertising for clients to sue Bayer over...
Bayer Picks Initiative for U.S. Media
BNET
- 2009-11-11
Bayer HealthCare has consolidated its U.S. media duties with Interpublic Group's Initiative after a review, according to sources.The account had been split between Initiative, which handled national broadcast chores, and WPP's Mediaedge:cia, which handled the rest of the account. Other shops in the pitch were not immediately known.The Bayer HealthCare...
Courts Consolidate Dozens of Cases Against Bayer Over Yaz
BNET
- 2009-11-09
Plaintiffs are filing lawsuits over Bayer's Yaz contraceptive so fast that the New Jersey state court system is considering consolidating 39 cases under a single judge with a "mass tort" status; and 32 federal cases have been given multidistrict litigation status in a single court in Southern Illinois. Bayer faces...
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
Bayer Faces Nearly 1,000 Trasylol Cases in Florida
BNET
- 2009-10-26
Bayer faces almost 1,000 lawsuits in a Florida federal district court regarding its anti-bleeding drug Trasylol, according to the docket in the case. While there have been sporadic reports in local media of people filing claims against Bayer alleging Trasylol contributed to renal failure, there has been little overall publicity...
Bayer's Translation of Swiss Study of Yaz Blood Clot Risks Is Not Complete
BNET
- 2009-10-23
Bayer says that a study by Swissmedica, the Swiss medical authority, has shown that the risk of potentially fatal venous thromboembolisms is about the same for its Yaz contraceptive as it is with other pills. The results of the Swissmedic study have been eagerly anticipated by lawyers who have brought...
IGA, Red Rooster install contactless payment
BNET
- 2009-10-19
Bayer's Legal Woes: 125 Suits Over Yaz; FDA Allegedly Not Told of Trasylol Study
BNET
- 2009-10-19
Bayer faces more than 125 lawsuits over its Yaz contraceptive and new cases are being filed around the country at a rate of up to up to six a day. Separately, a new suit filed over Trasylol alleges that Bayer failed to tell the FDA that a 67,000-patient study showed...
Doc Indicted for Prescribing Bayer's Cheap Canadian Mirena Instead of Expensive U.S. Mirena
BNET
- 2009-10-13
An Arkansas doctor has been indicted for prescribing a Bayer IUD obtained from a Canadian pharmacy instead of the more expensive version available in the U.S. Dr. Kelly Dean Shrum, 41, was charged with one count of misbranding in violation of the Food, Drug, & Cosmetic Act, one count of...
Hemophiliacs Appeal Ruling That Prevents Them Suing Bayer Over HIV-Tainted Blood
BNET
- 2009-10-13
Taiwanese haemophiliacs who allege they received HIV-tainted blood products from a unit of Bayer are appealing a decision by a U.S. court that they cannot sue in America. Their claims are "dramatic," according to the Guardian. Bayer bought a company called Cutter, which made blood products for haemophiliacs: by Jim...
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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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