Syngenta CEO Deepens Reshuffle After Another Executive Exits

Updated on
  • Pisk ending 31-year career at the Swiss agrochemical company
  • CEO Fyrwald also makes two regional executive appointments

Syngenta AG Chief Executive Officer Erik Fyrwald, who is three months into the role, deepened a management reshuffle ahead of the Swiss agrochemical company’s takeover by China National Chemical Corp. for $43 billion.

Davor Pisk will step down as chief operating officer at the end of next month after 31 years at the company, Basel-based Syngenta said in a statement on Tuesday. Separately, Fyrwald appointed Jeff Rowe to a new role of president of global seeds and North America, and Jon Parr becomes president of global crop protection and regions spanning Asia, Latin America and Europe and the Middle East.

The management changes come as Fyrwald, a former DuPont Co. executive, works to create his own blueprint for herbicide and pesticide maker Syngenta ahead of the expected closure in the coming months of the deal with ChemChina. Earlier this month, Chief Financial Officer John Ramsay announced his departure from Syngenta.

"With the new executive team now established I am confident that the company can build on its strong foundation and drive profitable market share growth across crop protection and seeds,” Fyrwald said in the release.

Syngenta shares declined 0.4 percent to 426.20 francs as of 4:56 p.m. in Zurich.

(Updates share price in last paragraph.)
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