is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist
Corn+Soybean Digest

Hendrik Verfaillie Resigns as Monsanto CEO

Monsanto Company Chief Executive Officer Hendrik A. Verfaillie resigned as CEO, president and director of the board, effective immediately.

Board Chairman Frank AtLee III will serve as interim CEO while a search is conducted, according to the company.

Verfaillie was with Monsanto for 26 years. He led the company through a merger with Pharmacia & Upjohn, a subsequent initial public offering, followed by the completion of the spinoff from Pharmacia earlier this year.

"I want to be certain that Monsanto’s shareowners understand that Hedrik’s resignation was mutual. Hendrik and the board agreed that the company’s performance during the last two years has been disappointing," says AtLee. AtLee also said the board members continue to support Monsanto’s business strategy, and there was no impropriety involved in Verfaillie’s decision to resign.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.