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This article was originally published in The Gray Sheet

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Bayer and Thermo CEOs: Thermo Fisher Scientific CEO Marijn E. Dekkers has resigned to take the CEO post of pharmaceutical giant and glucose monitor maker Bayer. Dekkers will not take the helm of Bayer until Oct. 1, 2010, when current CEO Werner Wenning retires. But laboratory equipment manufacturer Thermo announced that its Chief Operating Officer Marc N. Casper will be promoted to CEO next month. Dekkers will join Bayer's board in January and will transitionally become CEO of Bayer's health care unit, which houses the firm's drug and diabetes products, when Bayer HealthCare CEO Arthur J. Higgins leaves the company in the first half of 2010. Bayer also announced that its chief financial officer, Klaus Kühn, will retire next April

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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