Werner Baumann has been a member of the Board of Management of Bayer AG since January 1, 2010. He is responsible for Finance (Chief Financial Officer) and for the regions Europe and North America.Werner Baumann was born on October 6, 1962, in Krefeld, Germany. After studying economics at RWTH Aachen University and the University of Cologne, he joined Bayer AG in 1988. His first duties were in the Corporate Finance Department in Leverkusen. In 1991 he transferred to Bayer Hispania Comercial in Barcelona, Spain, to take up a position as controller, becoming assistant to the managing director in 1995.A year later, Baumann moved to Bayer Corporation in Tarrytown, New York, latterly heading up the global Business Planning and Administration organization of the Diagnostics Business Group.