German drugmaker Bayer's head of strategy, Werner Baumann, is set to be appointed chief executive-designate next week, a person familiar with the matter told Reuters. Long seen as heir apparent to Chief Executive Marijn Dekkers, Baumann will be announced as his successor on Feb. 25, when full-year results are due to be published, the source said. The news was earlier reported by monthly Manager Magazin, which said Baumann would take the helm at the beginning of 2017.
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Bayer strategy head Baumann set to be named CEO: source
