Monsanto's Begemann Promoted to Chief Operating Officer

Monsanto Co. (MON), the world’s biggest seed company, promoted 30-year veteran Brett Begemann to chief operating officer in a role once held by Chief Executive Officer Hugh Grant.

Begemann, who was formerly chief commercial officer, retains his title of president, St. Louis-based Monsanto said today in a statement. He continues to be responsible for worldwide sales and operations and now also oversees corporate affairs, Monsanto said.

Grant, 55, continues to serve as chairman and CEO with responsibility for long-term corporate strategy, Monsanto said. Begemann, 52, joined Monsanto in 1983 and has worked in sales, marketing, commercial development and in various management positions around the world. Grant was COO prior to his promotion to CEO in 2003.

“Brett has repeatedly demonstrated his strength in strategic planning, operational excellence and delivering strong financial performance throughout his career at Monsanto,” Grant said in the statement.

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