--Bayer has begun the search for a successor to Chief Executive Officer Werner Baumann, Bloomberg reports, citing unnamed sources.

--The German pharma-to-agrochemical giant is targeting naming a new CEO by its April annual general meeting, according to Bloomberg.

--Mr. Baumann has previously said he won't renew his contract when it expires in April 2024, but it remains unclear whether he will leave the job early, Bloomberg reports, citing the sources.

--Shares rose as much as 3.4% on the news. At 1200 GMT shares were up 1.7%.

 

Full story: https://bloom.bg/3BDhcnS

 

Write to Ed Frankl at edward.frankl@dowjones.com

 

(END) Dow Jones Newswires

September 13, 2022 08:23 ET (12:23 GMT)

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