
Bayer taps Roche's Bill Anderson to lead pharma giant as CEO
We now know where Roche’s ex-pharma chief Bill Anderson is going.
German pharma giant Bayer announced Wednesday that Anderson will be taking on the role as CEO, less than six weeks after Anderson stepped down from his perch at Roche as head of the group’s pharmaceutical division.
Roche announced back in December that Anderson would depart on Dec. 31 to “pursue opportunities outside of Roche.” His replacement, Genentech vet and Roche’s current head of global product strategy, Teresa Graham, will start her role in March.
Bayer said that its supervisory board appointed Anderson to become CEO, which will take effect on June 1, joining Bayer’s management board on April 1. Current CEO Werner Baumann, who has worked at Bayer for the last three-plus decades and helmed the company for the past seven years, will be retiring from the conglomerate in May.
Bayer also said that Anderson and Baumann will be working closely with each other to ensure a “smooth transition” before Baumann leaves his post.
Anderson was elected CEO in a unanimous vote after Bayer started searching for a new CEO sometime in the middle of 2022, per a press release.
Anderson, who has a background in chemical engineering, started out in the biotech world at Biogen, making his way up to VP and general manager of the biotech’s neurology business unit. Starting in 2006, he joined Genentech, working up the ladder between Genentech and Roche until he became CEO of Genentech in late 2016.
After two years in that position, he then switched to helm Roche Pharmaceuticals, succeeding current Gilead CEO Daniel O’Day.
Roche’s Pharma division is an academy for CEOs. Pascal Soriot, Dan O’Day. Whoever is next will be one too.
— Brad Loncar (@bradloncar) December 10, 2018
Bayer’s supervisory board chair Norbert Winkeljohann said in a statement that Anderson “is the ideal candidate to lead Bayer together with the team into a new, successful chapter at a time of a disruptive innovation cycle in biology, chemistry and artificial intelligence.”
Anderson said in a statement Wednesday that Bayer’s “leading R&D investments in agriculture, medicines and consumer health hold the promise for additional breakthroughs.”
Anderson will join Bayer in the middle of a year previously expected to face the full brunt of inflation, akin to what Baumann said on Bayer’s Q3 earnings call last year. While the impact of inflation was not strongly felt in the midst of Bayer’s operations last year, he said to “expect the full cost inflation effects across the value chain to actually materialize” in 2023.