Board announcement – CEO Mike Mack steps down
Basel, Switzerland, October 21, 2015
Mike Mack has informed the Board of his intention to step down as Chief Executive Officer and Executive Director of the Company. The Board accepted Mike's decision and he will be leaving the Company at the end of October 2015.
John Ramsay, Chief Financial Officer, is appointed CEO ad interim until the appointment of a new Chief Executive.
Michel Demaré, Chairman of Syngenta, said: "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."
Mike Mack, Chief Executive Officer, said: "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. Syngenta is a great company with outstanding prospects as the only truly integrated global player in the industry. 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."
About Syngenta
Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter® at www.twitter.com/Syngenta.
Cautionary Statement Regarding Forward-Looking Statements
This document contains forward-looking statements, which can be identified by terminology such as 'expect', 'would', 'will', 'potential', 'plans', 'prospects', 'estimated', 'aiming', 'on track' and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. We refer you to Syngenta's publicly available filings with the U.S. Securities and Exchange Commission for information about these and other risks and uncertainties. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors. This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form the basis of, or be relied on in connection with, any contract there for.
