Bayer CEO Rejects a Breakup After J&J and General Electric Split
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Bayer AG’s chief executive officer said the conglomerate will continue to run its three main business units under one roof, even as investor interest in the potential for splits among large diversified companies has intensified.
“We are going to continue the course, which is developing our company along the three pillars that we have -- pharmaceuticals, crop science and consumer health,” Werner Baumann said in a television interview at the Bloomberg New Economy Forum in Singapore. The decision was made by the German company’s board of management and endorsed by the supervisory board, he said after being asked about a possible breakup.