Syngenta Says CEO Mike Mack To Step Down

(RTTNews) - Swiss crop chemicals firm Syngenta (SYN) Wednesday said that Mike Mack has informed the Board of his intention to step down as Chief Executive Officer and Executive Director of the company.

The Board accepted his decision and he will be leaving the company at the end of October.

John Ramsay, Chief Financial Officer, is appointed CEO ad interim until the appointment of a new Chief Executive.

Mack said: "I would like to express my appreciation to colleagues, customers and the many partners around the world with whom I have worked over the past 14 years...While the current market conditions are challenging, I am confident that the strength of the Company's products, promising pipeline and talented people will deliver significant value in the years ahead."