PITTSBURGH, Aug. 5 /PRNewswire/ -- Bayer announced today that Dr. Claudio Abreu will become President and CEO of Bayer Business and Technology Services (BBTS) LLC effective October 1, 2008, in addition to his current responsibilities as Head of Bayer Business Services in North America and Global Head of IT Operations. Prior to this position, Dr. Abreu, a veteran of 18 years with the Bayer Group, was Senior Vice President and Chief Information Officer for Bayer Corporation.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080805/NETU018 )
BBTS, based in Pittsburgh, is a joint US-organization comprised of the two Bayer service groups Bayer Business Services (BBS) and Bayer Technology Services (BTS), both headquartered in Leverkusen, Germany. The new US-organization includes the following service functions: information technology; the shared services functions of human resources (HR//direct -- Pittsburgh); business consulting; procurement; finance and accounting services; and engineering and site services.
The service functions that currently operate within the U.S. legal entity Bayer Corporate and Business Services LLC will transition to the new U.S. legal entity BBTS LLC, effective October 1.
About Bayer
Bayer employs 17,000 people at more than 50 sites in North America, including more than 20 production facilities. Its sales in the region exceeded EUR 8 billion in 2007, thus accounting for one-quarter of the total Group sales of EUR 32.4 billion. An investment volume of approximately EUR 11 billion -- including research and development expenses -- over the past 10 years underlines Bayer's commitment in North America.
Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials. The company, founded in 1863, is headquartered in Leverkusen, Germany. Its U.S. subsidiary, Bayer Corporation, has its headquarters in Pittsburgh, Pa. The company's products and services are designed to benefit people and improve their quality of life. At the same time, Bayer creates value through innovation, growth and high earning power. The Group is committed to the principles of sustainable development and to its role as a socially and ethically responsible corporate citizen. Economy, ecology and social commitment are corporate policy objectives of equal rank.
For more information about Bayer, visit http://www.BayerUS.com.
Forward-Looking Statements
This news release contains forward-looking statements based on current assumptions and forecasts made by Bayer Group management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in our annual and interim reports filed with the Frankfurt Stock Exchange. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
CONTACT: Bryan Iams of Bayer, +1-412-777-5200, bryan.iams.b@bayer.com
Web site: http://www.BayerUS.com/
