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Monsanto’s CEO Isn’t Deterred by Rival’s Rebuffs
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Monsanto CEO Hugh Grant pursues a strategy of expansion in pesticides with the planned acquisition of Syngenta. He is a graduate of Glasgow University with a degree in molecular biology. Grant, CEO of Monsanto since 2003, sees higher growth in pesticides. Sales in Monsanto's seeds and genetic traits division, about 65% of its business, increased by 4% in 2014, with its herbicide division growing by 13%. Syngenta is the largest pesiticide manufacturer and Monsanto the leader in seed sales worldwide. Grant has used his Scottish humor to fend off criticism of its genetically modified seeds business, a business it started 20 years ago and which is slowing. This can be seen in the increasing frequency with which the label "No GMO" (no genetically modified) is seen on food products. Grant sees the new moves as a way to reinvent Monsanto's business one more time.
Monsanto CEO Hugh Grant's strategy for expansion in pesticides
06/23/2015
The Scottish CEO of Monsanto is a graduate of Glasgow University in molecular biology. He is known for his persistence as he pursues the merger with Syngenta. Critcs say a merger with the pesiticide maker would be a step in the wrong direction for Monsanto. Monsanto is pursuing expansion in pesticides for agricultural uses.
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