Syngenta CEO Mike Mack has informed the company's Board of Directors of his intention to step down as Chief Executive Officer and Executive Director. The board accepted Mack's decision and he will be leaving the company at the end of October 2015, according to a press release from Syngenta.
John Ramsay, Chief Financial Officer, is appointed CEO ad interim until the appointment of a new Chief Executive.
“On behalf of the board, I should like to thank Mike for his very significant contribution to Syngenta. Under his strong strategic and operational leadership, Syngenta developed and implemented its innovative integrated strategy and the commitments behind The Good Growth Plan. His R&D investment strategy has enabled the company to strengthen its leadership and the rich pipeline in crop protection, seeds and traits will continue to produce results in the decade to come," said Michel Demaré, chairman of Syngenta.
“I believe that this is an appropriate time for the company to benefit from the perspectives of a new leader. I would like to express my appreciation to colleagues, customers and the many partners around the world with whom I have worked over the past 14 years. While the current market conditions are challenging, I am confident that the strength of the company’s products, promising pipeline and talented people will deliver significant value in the years ahead. I wish John every success in his new role and am sure he will make a major contribution," Mack said.
Photo of Mike Mack courtesy of Syngenta.
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