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Bayer : CFO Dietsch to leave company in May 2018

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04/27/2017 | 08:25am CEST

Bayer's (>> Bayer AG) 55-year-old Chief Financial Officer Johannes Dietsch will leave the company at his own request in May 2018 after helping the German drugs and pesticides maker conclude its planned acquisition of U.S. seeds giant Monsanto (>> Monsanto Company).

Bayer's (>> Bayer AG) 55-year-old Chief Financial Officer Johannes Dietsch will leave the company at his own request in May 2018 after helping the German drugs and pesticides maker conclude its planned acquisition of U.S. seeds giant Monsanto (>> Monsanto Company).

"Over the past 35 years, Johannes Dietsch has contributed to the success of Bayer in a number of different functions. We are very grateful to him for this service and would like to wish him all the best for when he leaves," Bayer's Chairman Werner Wenning said in a statement on Thursday.

Dietsch's successor will be announced at a later date, Bayer said.

(Reporting by Georgina Prodhan; Editing by Maria Sheahan)

Stocks treated in this article : Monsanto Company, Bayer AG
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Financials ($)
Sales 2017 14 316 M
EBIT 2017 3 319 M
Net income 2017 1 932 M
Debt 2017 6 831 M
Yield 2017 1,85%
P/E ratio 2017 26,45
P/E ratio 2018 21,62
EV / Sales 2017 4,05x
EV / Sales 2018 3,87x
Capitalization 51 121 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 124 $
Spread / Average Target 6,2%
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Managers
NameTitle
Hugh M. Grant Chairman & Chief Executive Officer
Brett D. Begemann President & Chief Operating Officer
Pierre C. Courduroux Chief Financial Officer & Senior Vice President
Robert T. Fraley Chief Technology Officer & Executive VP
Robert J. Stevens Lead Independent Director
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