Andreas Fibig, President of Bayer HealthCare Pharmaceuticals and a member of the Bayer HealthCare Executive Committee, will leave the company to become Chief Executive of International Flavors & Fragrances, New York, NY, US, effective from 1 September.
Olivier Brandicourt, CEO of Bayer HealthCare, said Fibig has helped the company's pharmaceutical business to become one of the fastest-growing in the industry over the past few years.
'We thank him and wish him all the best for his next step in his career and his future,' he said.
The company will announce a successor for Fibig shortly.