On February 09, 2023, Bayer Aktiengesellschaft announced that it has appointed William (Bill) Anderson as its new chief executive officer, effective on June 1, 2023. The Company stated that he would succeed current chief executive officer Werner Baumann, whose contract was originally scheduled to run until April 30, 2024. The Company noted that Werner Baumann would work closely with Bill Anderson to ensure a smooth transition process before retiring from the Company end of May 2023.