Sandra E. Peterson, chairman and chief executive officer of Bayer CropScience, has asked for her contract, which runs until summer 2013, to be terminated effective Nov. 30, 2012. The supervisory board of Bayer CropScience agreed to her request at a meeting on Sept. 13.
“With her experience and commitment, Sandi has made significant contributions to the strong business performance of Bayer CropScience in the past two years,” Dr. Marijn Dekkers, CEO of Bayer AG said in a statement. “However, we accept her decision to continue her career back in her home country of the United States and wish her all the best for the future.”
Born in 1959 in New York, N.Y., Peterson became CEO of Bayer CropScience on Oct. 1, 2010. Before moving to Bayer CropScience, she was a member of the Executive Committee of Bayer HealthCare from May 2005, heading up the Medical Care Division from January 2009. Prior to that she was in charge of the Diabetes Care Division.
Peterson, who holds a B.A. in Government and a Master of Public Administration in Applied Economics, started her career as a management consultant at McKinsey & Company. She went on to hold various global executive positions with American home appliances manufacturer Whirlpool Corporation, subsequently being appointed Executive Vice President at foods company Nabisco. After that she became Senior Vice President of Merck-Medco’s Health Businesses.
Peterson’s replacement was unnamed as of Sept. 15.
(Source: Bayer CropScience; edited by Managing Editor Jaclyn Sindrich)