Bayer’s New CEO to Fix Company Culture Rather Than Structure

Bayer AG incoming CEO Bill Anderson said he doesn’t believe most shareholders want a break up of the German drug-to-herbicide conglomerate as he pledged to reshape the work culture for its 100,000 employees.

The 56-year-old native of Texas, who previously led the pharmaceuticals unit of Swiss health-care group Roche Holding AG, said while some investors want a restructuring of a business with crop science, pharma and consumer health units, others are just calling for smaller changes or better execution of the current approach.

“I want to hear from all the stakeholders,” he said, speaking during a media event at ...