The FINANCIAL — The Supervisory Board of Bayer AG has appointed Wolfgang Nickl (48) to the Board of Management of Bayer AG effective April 26, 2018.
He is to succeed Johannes Dietsch (55) as the company’s Chief Financial Officer on June 1, 2018. In April this year, Dietsch announced that he would be leaving Bayer at his own request at the end of May 2018, according to Bayer.
Nickl has already been the CFO of several companies in the United States and the Netherlands. He is currently Executive Vice President and Chief Financial Officer at ASML N.V., Veldhoven, Netherlands, which is the world’s leading supplier of lithography systems for the semiconductor industry. “In Wolfgang Nickl, we are pleased to have found a successful manager with a proven track record in the field of finance and many years of experience abroad,” said Werner Wenning, Chairman of the Supervisory Board of Bayer AG. “We wish him every success in his new role.”
Wolfgang Nickl was born in Hechingen, Germany, on May 9, 1969. He completed a Bachelor of Business Administration (BBA) at the University of Cooperative Education Stuttgart in 1992 and obtained a Master of Business Administration (MBA) from the Marshall School of Business at the University of Southern California in Los Angeles, United States, in 2005. Starting in 1992, he acquired his first professional experience as a consultant and controller for German IT service provider SerCon. In 1995, he joined Western Digital Corporation, San José, California, a leading manufacturer of hard disk drives and other data storage products. His first roles at this company were as Business Planning Manager in the Netherlands and then as Director Business Solutions in the United States. In 2000, Nickl was appointed CFO at IT company Converge in the United States. Two years later, he returned to Western Digital where he held a number of finance positions with increasing responsibility. He also headed World Business Operations at this company for a number of years before being promoted to Chief Financial Officer in 2010. In December 2013, Nickl joined ASML in the Netherlands as Executive Vice President and Chief Financial Officer.
Wolfgang Nickl is a German citizen. He is married and has two children.