Bayer says ‘structural change is not the current optimal course of action’

In a message from Norbert Winkeljohann, Chairman of the Supervisory Board of Bayer AG, Winkeljohann states in part: “At Capital Markets Day, we also provided an update on the comprehensive strategic review led by our CEO Bill Anderson that considered all options for financial impact and feasibility. We have determined that structural change is not the current optimal course of action. We must first address the fundamental challenges of the business to create future optionality. A key enabler to unlock value is the implementation of Dynamic Shared Ownership, which will change Bayer’s total company operating model and yield improvements to growth, profitability, and cash generation. This will be staged over time, with the first phase resulting in significant sustainable organization savings. Ultimately, we are confident that both sales and profit growth will accelerate and improve value for our shareholders.”