Syngenta CEO Steps Down

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
Syngenta CEO Mike Mack stepped aside amid shareholder criticism over his refusal to engage the $47 billion Monsanto takeover proposal.
In a statement he says, "I believe that this is an appropriate time for the Company to benefit from the perspectives of a new leader."
Mack's resignation was welcomed by a shareholder group, which is lobbying for a full strategic review.
Alliance of Critical Syngenta shareholders says, “Syngenta urgently needs a leadership that recognizes the realities of the fast changing markets and draws the right conclusions.”
In the interim, Chief Financial Officer John Ramsay will hold the position of CEO.
Macks exit comes seven years into his leadership and two months after Monsanto withdrew a bid for the company, it's third in 4 years, citing a lack of cooperation from Syngenta.
Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.