An Emerson Electric Co hydrogen dispenser system is displayed at the 2021 Ulsan International Hydrogen Energy Exhibition & Forum in Ulsan, South Korea. File photo: BLOOMBERG/SEONGJOON CHO
He will be replaced on March 1 by Liam Condon, the head of Germany’s Bayer crop science unit. Condon has led the business through tumultuous times, including the $63bn takeover of US seeds giant Monsanto and litigation costing billions of dollars over claims that Monsanto’s main herbicide causes cancer.
Like larger European rivals Umicore of Belgium and Germany’s BASF, JM has bet on growth in cathode materials, the most complex chemical component of an automotive battery, to offset an expected decline in their lucrative businesses supplying catalytic converters for cars.