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Greg Babe has been named Chairman of the Bayer USA Foundation in
addition to his new role as President and CEO of Bayer Corporation
(NYSE:BAY), both effective October 1, 2008.
The Bayer USA Foundation is one of three global foundations in Bayer’s
corporate social responsibility portfolio. Since 2004, Babe has served
as a member of the Board of Directors of the Bayer USA Foundation.
As Chairman of the Bayer USA Foundation, Babe will oversee the
activities of Bayer Corporation’s
philanthropic arm, which in 2007 awarded nearly $5 million in grants to
nonprofit organizations throughout the country.
Under Babe’s new leadership, the mission of
the Bayer USA Foundation will remain consistent. It will continue to
support programs that enhance the quality of life, provide unique and
enriching opportunities that connect diverse groups and ensure
preparedness for tomorrow's leaders -- thereby, resulting in sustainable
partnerships that continually improve communities in which Bayer
employees live and work.
Bayer USA Foundation’s four giving areas
include Arts and Culture; Education and Workforce Development;
Environment and Sustainability; and Health and Human Services.
“Strengthening our communities and supporting
organizations dedicated to this important work is something that Bayer
and the Bayer USA Foundation have been committed to for a half century,”
said Greg Babe, Chairman of the Bayer USA Foundation and President and
CEO of Bayer Corporation and Bayer MaterialScience LLC. “I
plan to continue that tradition and take great pride in some of the
innovative programs Bayer is supporting nationwide.”
Greg Babe Begins Role as CEO of Bayer
Corporation
As announced July 31, 2008, the Management Board of Bayer AG named Greg
Babe as President and CEO of Bayer Corporation and the Senior Bayer
Representative in North America, succeeding Dr. Attila Molnar, who
retired from the company after 30 years of service, effective October 1,
2008. Bayer Corporation is the U.S. subsidiary of the Bayer Group of
Germany, a EUR 32 billion global enterprise with core competencies in
the fields of health care, nutrition and high-tech materials.
Babe, 51, will maintain his role as President and CEO of Bayer
MaterialScience LLC, one of the leading producers of polymers and
high-performance plastics in North America and a part of the global
Bayer MaterialScience business. Prior to this position which he has held
since 2004, Babe was President and CEO of Bayer Corporate and Business
Services LLC, where he was responsible for providing expertise and
support in engineering, information systems, procurement, materials
management, human resources, financial, accounting and other business
services to Bayer Corporation and its affiliates.
Since joining Bayer in 1978, Babe has held several management positions
of increasing responsibility, including manager of the Brunsbüttel,
Germany, facility; director and general manager of Hennecke Machinery,
then a unit of Bayer’s Polymers Division in
Pennsylvania; vice president of corporate quality; and director of a
national program to implement Bayer’s
enterprise resource planning system. He was named senior vice president
of information services in 1999 before being named president and CEO of
Bayer Corporate and Business Services LLC in 2003.
Babe serves on the Boards of Directors for Bayer MaterialScience LLC;
Deerfield Urethane, Inc.; and Sheffield Plastics. In addition, he is the
chair of the Bayer Political Action Committee (BAYPAC). For five years
he served as the executive sponsor of the Bayer Diversity Advisory
Council.
Babe also is serving his second term as chairman of the American
Chemistry Council’s Plastics Division
Operating Committee. In Pittsburgh, he is a member of the Executive
Committee and Board of Directors of the Pittsburgh Technology Council
and a member of the Executive Committee and Board of Directors at
Duquesne University, serving as Vice Chair of Audit and Finance. Babe is
also a member of West Virginia University’s
College of Engineering and Mineral Resources Advisory Committee.
A native of West Virginia, Babe holds a Bachelor of Science degree in
mechanical engineering from West Virginia University. Babe and his wife,
Carla, have four children and live in Mt. Lebanon, Pa. Babe will remain
in Pittsburgh, which serves as Bayer North American regional
headquarters and Bayer MaterialScience NAFTA headquarters.
About Bayer USA Foundation
The Bayer USA Foundation is an endowed 501(c)(3) entity and is the
primary source of Bayer Corporation’s
philanthropy in the United States. With a programmatic focus on the
environment and sustainability; education and workforce development;
arts and culture; and health and human services, the foundation creates
and supports organizations that improve communities in which Bayer
employees live and work, as well as society at large. The Bayer USA
Foundation is one of three Bayer foundations worldwide, including the
Bayer Science & Education Foundation and the Bayer Cares Foundation.
About Bayer Corporation
Bayer Corporation, headquartered in Pittsburgh, is a subsidiary of Bayer
AG, an international health care, nutrition and innovative materials
group based in Leverkusen, Germany. In North America, Bayer had 2007 net
sales of $12 billion and employed 16,800 at year end. Bayer’s
three subgroups, Bayer HealthCare, Bayer CropScience and Bayer
MaterialScience, improve people’s lives
through a broad range of essential products that help diagnose, prevent
and treat diseases; protect crops and enhance yields; and advance
automobile safety and durability.
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.