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Bayer taps Elanco for chief transformation, talent officer

January 25/2021

MOSCOW (MRC) -- Bayers supervisory board has announced the appointment of Sarena Lin to the companys management board as chief transformation and talent officer, effective 1 February, according to Chemweek.

She will be responsible for human resources, strategy, and business consulting and drive the accelerated transformation of Bayer, the company says. She will also serve as labor director. Lin will be based at Bayers Leverkusen, Germany, headquarters.

Lin will join Bayer from Elanco Animal Health, where she is a member of the executive committee, responsible for transformation and technology. She was born in Taipei, Taiwan, and previously worked in senior positions at McKinsey and Cargill, among other companies.

Elanco acquired Bayers animal health business in 2020.

As MRC reported earlier, Covestro closed the sale of its European polycarbonates (PC) sheets business to the Munich-based Serafin Group effective January 2, 2020. This includes key management and sales functions throughout Europe as well as production sites in Belgium and Italy.

Covestro (formerly Bayer MaterialScience) is an independent subgroup within Bayer. It was created as part of the restructuring of Bayer AG from the former business group Bayer Polymers, with certain of its activities being spun off to Lanxess AG. Covestro manufactures and develops materials such as coatings, adhesives and sealants, polycarbonates (CDs, DVDs), polyurethanes (automotive seating, insulation for refrigerating appliances) etc.

According to MRC's ScanPlast report, Russia's estimated consumption of PC granules (excluding imports and exports to\from Belarus) rose in January-November 2020 by 18% year on year to 83,600 tonnes (70,600 tonnes a year earlier).
Author:Margaret Volkova
Tags:Europe, PC, sheet extrusion, petrochemistry, Bayer, Covestro, Belgium, Germany, Italy, Russia.
Category:General News
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