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By Fiona BARRY
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Bayer is set to appoint Richard Pott as Chairman of the board of its German chemicals business Bayer MaterialScience AG.
He will take a seat on the Supervisory Board of Bayer Material Science later this month, and is expected to be made Chair around the same time, replacing Werner Baumann.
Pott is also a member of the supervisory boards of Freudenberg SE and Schott AG, and Chairman of the University Council of the University of Cologne. He served as a member of the Board of Management of Bayer AG from 2002 to 2013, with responsibility for Strategy and Human Resources. He was the company's Labour Director, responsible for North and South America, Africa and the Middle East.
Bayer announced its plan last September for an IPO for its MaterialScience business by mid-2016 at the latest.