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Werner Wenning named “2007 Manager of the Year”

Hamburg – Bayer CEO Werner Wenning is “2007 Manager of the Year.” A prominent jury from the German publication “manager magazin” presented the Bayer AG Management Board Chairman with this award in honor of his outstanding achievements in realigning the Bayer Group. The jury was particularly impressed by the focused manner in which Wenning drove forward the reorganization process at Bayer. According to the jury, he succeeded in getting Bayer strategically back on track. Since taking over as Management Board Chairman in April 2002, Wenning has realigned Bayer’s health care operations, spun off the low-earning chemicals activities into the new company LANXESS, and in March 2006 acquired Berlin, Germany-based pharmaceutical company Schering, the magazine writes.