Monsanto Company MON -0.23% today announced that its Board of Directors is expanding Brett Begemann's oversight for the company's global commercial operations and that he will now be named to serve as the company's President and Chief Operating Officer effective immediately. Begemann most recently served as the company's President and Chief Commercial Officer. In his expanded role, Begemann will lead the global business organization with a continued focus on the company's growth areas.
Hugh Grant will continue to serve as the Chairman and Chief Executive Officer for Monsanto Company, where he maintains ongoing responsibility for leading the company's long-term corporate strategy, as well as setting direction for the Fortune 200 company. Grant will continue to focus on the delivery of strategic plans for the organization, including the company's long-term vision- a vision that is focused on producing more, conserving more and improving the lives of people throughout the world.
"Brett has repeatedly demonstrated his strength in strategic planning, operational excellence, and delivering strong financial performance throughout his career at Monsanto," said Grant. "Brett's leadership will continue to play an important role as we look to accelerate the growth potential of our business and expand our operations into new areas and regions."
In announcing his expanded role, Monsanto noted that Begemann will continue to be responsible for the company's worldwide sales and operations, and will also expand his responsibilities to oversee corporate affairs - including the company's ongoing engagements with farmers, stakeholders and society.
Begemann will continue to lead the global commercial business including overseeing the commercial, manufacturing and supply chain operations in row crops, vegetables and crop protection. This includes overseeing the company's new areas of growth, including in established markets and new markets, as well as in new areas of innovation such as Integrated Farming Systems and Ag Biologicals.
"I'm honored to assume this expanded role and focus on scaling our operations to reach more farmers around the world with new product offerings," said Begemann. "Throughout my career at Monsanto, I've seen our business transform from an agriculture company focused on biotechnology to one that is built around breeding, biotechnology and agronomic improvements for the farm. I look forward to continuing to expand our product offerings for farmers through the introduction of a next-generation of industry-leading agriculture innovations."
Begemann joined the former Monsanto Company in 1983. Throughout his career, Begemann has served in a variety of roles across sales, marketing, commercial development as well as senior management positions worldwide. Begemann will continue to report to Monsanto's Chairman and Chief Executive Officer, Hugh Grant, and serve as a member of Monsanto's executive leadership team.
