Bayer to Unveil Strategy in Early 2024; Doesn't Rule out Structural Changes
August 08 2023 - 10:28AM
Dow Jones News
By Olaf Ridder and Cecilia Butini
Bayer's will unveil plans and financial targets for the company
in early 2024, the company's new Chief Executive Bill Anderson said
during a post-results conference call, adding that a strategic
review currently taking place at the company isn't excluding any
possible scenarios regarding its structure.
The main question is whether Bayer has the right structures in
place to be the best owner of all of its businesses, and at the
moment management is open to everything and isn't leaving anything
untried, the executive said. "If we need to change the structure of
the group in order to achieve our goal, that's what we are going to
do."
The priority is to arrange corporate structures in order to
guarantee speed, according to Anderson. In this sense, Bayer's
reference point right now isn't another big corporation but rather
a start-up, he said.
Write to Olaf Ridder at olaf.ridder@wsj.com and to Cecilia
Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
August 08, 2023 10:13 ET (14:13 GMT)
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