Bayer's hunt for a new CEO is on, suggesting Werner Baumann could be headed for an early exit: report

The saga of Bayer’s beleaguered CEO Werner Baumann may be drawing to a close.

Following years of push-and-pull over the German conglomerate’s top post, Bayer has quietly started a hunt for Baumann’s successor, Bloomberg News reported Tuesday, citing people close to the matter. The new CEO search may portend an early departure for Baumann, whose contract with Bayer isn’t set to expire until April 2024.