Latest news with #BillAnderson

Wall Street Journal
16-07-2025
- Business
- Wall Street Journal
Bayer Extends CEO's Contract Through 2029
Bayer BAYN 0.92%increase; green up pointing triangle Chief Executive Bill Anderson will stay at the helm of the pharmaceutical company until March 2029, after the supervisory board extended his contract by a further three years. Anderson, an American chemical engineer, took over the German agriculture and pharmaceutical conglomerate in 2023. He replaced an embattled Werner Baumann, who led the company's acquisition of Monsanto for $63 billion in 2018, which left Bayer mired in litigation and saddled with debt.
Yahoo
16-07-2025
- Business
- Yahoo
CEO of German pharmaceutical giant Bayer gets contract extension
Bayer CEO Bill Anderson has been given more time to restructure the German agricultural chemicals and pharmaceuticals group. Anderson's contract, which was due to expire at the end of March 2026, has been extended by three years, the company announced at its headquarters in the German city of Leverkusen on Wednesday. "Bill Anderson has set the right course and initiated the turnaround with a comprehensive programme," said Supervisory Board Chairman Norbert Winkeljohann. Anderson, a US national, took over Bayer in 2023 in a difficult situation. His predecessor, Werner Baumann, had acted unwisely and, with the takeover of US competitor Monsanto, had saddled the company with billions in legal risks from the sale of the weed killer glyphosate. These legacy issues continue to cause problems for Bayer. The statement says that the company is pursuing "a multi-pronged strategy to significantly reduce legal risks, which will be implemented step by step." Anderson, a chemical engineer who previously worked for pharmaceutical manufacturer Roche, is focusing on significant staff cuts and streamlining work processes. Many management positions have been eliminated and hierarchies flattened, and employees are expected to work more independently and network better internally. Since he took up his post 11,000 jobs have been cut. Bayer most recently had around 91,000 employees. As a result of the job cuts and the new organizational structure, the group's costs are expected to be reduced by €2 billion (about $2.3 billion) by 2026, and Bayer believes it is well on track to achieve this.


Reuters
16-07-2025
- Business
- Reuters
Bayer extends contract of CEO until March 2029
BERLIN, July 16 (Reuters) - Germany's Bayer ( opens new tab said on Wednesday that its supervisory board had extended the contract of CEO Bill Anderson until March 31, 2029. His contract was originally set to end on March 31, 2026, said the company in a statement.
Yahoo
04-07-2025
- Entertainment
- Yahoo
Grand Ole Opry's One-Night-Only Event Books 87-Year-Old Country Legend
Grand Ole Opry's One-Night-Only Event Books 87-Year-Old Country Legend originally appeared on Parade. The Grand Ole Opry is celebrating its 100th anniversary this year, and it just announced a new historic event, headlined by a country music icon. As part of its 100th anniversary celebration in 2025, the Grand Ole Opry announced on Tuesday, July 1, that it will make a one-night-only return to Ryman Auditorium on July 17. The show will re-create the historic final night at the Ryman that took place on March 15, 1974. "The July 17 show will feature a collection of performances destined to return fans to the historic night of March 15, 1974, the final night of the Opry's original Ryman run. Throughout that portion of the show, moments from the 1974 broadcast will be closely recreated for the Ryman and radio audiences," reads the press of re-creating that historic night involves the Opry's longest-serving member, Country Music Hall of Famer Bill Anderson. He performed on the final night at Ryman, and he is set to reprise his set for this special event. In addition to Anderson, country star will perform. Her father George Morgan was the final artist to perform at that fateful 1974 show. Mandy Barnett, Chuck Mead and The Band Perry will also be performing on July 17. Click here to purchase tickets to this historic event. 'The last Grand Ole Opry show at the Ryman would have been special under any circumstances,' Anderson said in a statement, 'but it was made extra special for me by the fact that my mom and dad had driven up from Georgia to be in the audience. Twenty years earlier, in 1954, they had brought me to Nashville and to the Ryman to see the Opry for the very first time. None of us could have ever imagined the summer before my senior year in high school that only a few years later I would be performing on that very stage, let alone go on to become the longest-serving Opry member in history."He continued, "That night in 1974, I stood alongside many of my heroes from those earlier days, smiling down at my parents, and saying so long to the only Opry home I had ever known…definitely a moment I will remember for the rest of my life. When the Opry asked me if I'd be part of helping to re-create that last night at the Ryman in 1974…and sing the songs I sang back then…I readily agreed. 'Just don't ask me to wear the same clothes I wore that night,' I quipped. 'Even if I could find them, I'd never be able to get in them!'" 'I am certain this is going to be another unforgettable part of our 100th year,' said Opry Executive Producer Dan Rogers in a statement. 'For generations of Opry fans and artists, the Opry's 1943 – 1974 run at the Ryman was a truly magical part of the Opry's 100-year history. While we can't actually turn back time, we're going to do our best with performances and even commercial reads to transport fans to that historic evening when the Opry said farewell to the Mother Church of Country Music. I grew up listening to my parents talk about having witnessed Opry shows at the Ryman during that era, and for an hour or so on July 17, we'll all have an experience similar to theirs.' 🎬 SIGN UP for Parade's Daily newsletter to get the latest pop culture news & celebrity interviews delivered right to your inbox 🎬 Grand Ole Opry's One-Night-Only Event Books 87-Year-Old Country Legend first appeared on Parade on Jul 1, 2025 This story was originally reported by Parade on Jul 1, 2025, where it first appeared.
Yahoo
30-06-2025
- Business
- Yahoo
US Supreme Court Seeks Government's View on Roundup Verdict
(Bloomberg) -- The US Supreme Court signaled interest in Bayer AG's bid to stop thousands of lawsuits blaming its top-selling Roundup weedkiller for causing cancer, seeking the Trump administration's view on whether to hear the company's appeal of a $1.25 million verdict. Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares Squeezed by Crowds, the Roads of Central Park Are Being Reimagined Struggling Downtowns Are Looking to Lure New Crowds Sprawl Is Still Not the Answer Sao Paulo Pushes Out Favela Residents, Drug Users to Revive Its City Center Bayer contends a 2023 Missouri state-court jury that sided with a man who blamed Roundup for his cancer shouldn't have weighed a claim that the company failed to properly warn consumers about the product's health risks. Bayer says such claims are preempted by federal law. Bayer argues in its appeal that so-called 'failure to warn' claims brought in state court were precluded by the US Environmental Protection Agency's decision not to force Bayer to put a cancer warning on Roundup. The company hopes a ruling in its favor would shield it from more cancer suits. 'We see this request as an encouraging step and look forward to hearing the views of the government,' Bayer Chief Executive Officer Bill Anderson said in a prepared statement. 'When courts permit companies to be punished under state law for following federal law, it makes companies like ours a prime target of the litigation industry and threatens farmers and innovations that patients and consumers need for their nutrition and health,' Anderson said. Bayer shares fell on the news, dropping as much as 5.9% in intraday Frankfurt trading, the most since May 14. Bayer — which already has paid out about $11 billion in verdicts and settlements in the seven-year Roundup litigation — still faces 67,000 suits claiming its glyphosate-based of Roundup causes cancer, according to its 2024 annual report. Bayer inherited the weedkiller in 2018 in its $63 billion Monsanto acquisition. It insists the product is safe. Bayer's lawyers hope to persuade the justices federal oversight of chemicals such as glyphosate — which was once Roundup's active ingredient — should bar plaintiffs from seeking damages in state court over the company's alleged failure to warn about it health risks. Some large verdicts against Bayer and Monsanto have been based, in part, on failure-to-warn allegations. The Supreme Court directed its request for input to US Solicitor General D. John Sauer, the Trump administration's top courtroom lawyer. The request came in the case of John Durnell, who convinced a St. Louis jury his use of Roundup caused his non-Hodgkins lymphoma. While some state and federal courts have rejected Bayer's preemption arguments, a federal appeals court based in Philadelphia backed them last year. The company's lawyers argued a split among the courts on the issue should prompt the Supreme Court to take the firm's appeal of Durnell's award. Bayer appealed to the nation's highest court after Missouri's intermediate appellate court ruled in Durnell's favor in February and the state's Supreme Court refused to accept the company's appeal. In its US Supreme Court appeal request, Bayer argued a federal law regulating when products require warning labels 'expressly preempts all state requirements for labeling or packaging' and should wipe out legal claims based on the allegations. Durnell's lawyers counter there is no split among federal appeals court on the law's specific provisions that apply to their client's claims and pointed to appeals courts in states such as Missouri, California and Oregon, which have rejected Bayer's preemption arguments. The case is Monsanto v. Durnell, 24-1068. --With assistance from Tim Loh. (Updates with Bayer share decline, company's claim of split rulings by circuit courts.) America's Top Consumer-Sentiment Economist Is Worried How to Steal a House Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate Does a Mamdani Victory and Bezos Blowback Mean Billionaires Beware? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data