MON Monsanto Company (delisted)

   By Donato Paolo Mancini 
 

Bayer AG (BAYN.XE) said Monday that it has selected a new executive leadership team for its crop-science division and that Monsanto Co. (MON) Chief Executive Officer Hugh Grant will leave the company once Bayer's acquisition of Monsanto is finalized.

The team will be led by Liam Condon, who will continue to serve on Bayer's board of management and as president of the crop-science division. Mr. Condon is also responsible for the company's animal-health business unit.

The team, which will be responsible for the combined business activities of Bayer's crop-science division and Monsanto, will be comprised of 11 further members. Bayer said Brett Begemann will become chief operating officer of the crop-science division. He is currently chief operating officer at Monsanto.

Bayer said the two companies continue to work closely with regulators in order to finalize the deal in the second quarter of 2018.

Write to Donato Paolo Mancini at donatopaolo.mancini@dowjones.com

(END) Dow Jones Newswires

May 07, 2018 09:13 ET (13:13 GMT)

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