Abstract
CHIEF EXECUTIVE OFFICERS at three chemical companies—Bayer, Nova Chemicals, and International Flavors & Fragrances—are stepping down. Bayer CEO Werner Wenning, 62, will be replaced by a Bayer outsider: Marijn E. Dekkers, 51, CEO of laboratory equipment maker Thermo Fisher Scientific. Wenning will serve until September 2010, which is eight months beyond his contract. Dekkers will take over at Bayer on Oct. 1, 2010. In the meantime, he will head Bayer Healthcare. The current Bayer Healthcare CEO, 52-year-old Arthur J. Higgins, will leave Bayer early next year “for personal reasons,” according to the firm. A Dutch-born, U.S.-naturalized Ph.D. chemical engineer, Dekkers started his career in 1985 at General Electric’s research center in Niskayuna, N.Y. He left GE in 1995 for AlliedSignal (now Honeywell International), where he had stints running businesses in specialty films, fluorine chemicals, and electronic materials. Dekkers joined instrument maker Thermo Electron in 2000 as chief operating offer and beca...
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