German conglomerate Bayer AG (BYR.L, BAYRY.PK, BAYZF.PK) has proposed to pay a dividend of 1.90 euros per share for 2012, giving a payout of 1.6 billion euros. According to the company, the first quarter of 2013 was marked by the positive development of the Life Sciences businesses, and Bayer remains optimistic for the future.
The company said its employees would benefit financially, with over 700 million euros to be paid out in employee bonuses as per the Group-wide short-term incentive program alone.
In addition, Supervisory Board Chairman, Werner Wenning, honored the service of Labor Director Richard Pott, who would enter retirement at the end of May, after 11 years on the board. Also, Wenning introduced Pott's successor, Michael König, who was named to the board, effective April 1, 2013, and would take over as Labor Director on June 1. Most recently, he served as head of Bayer MaterialScience's Polycarbonates business unit, based in Shanghai.
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