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Bayer Announces Key Investments in St. Louis Campuses
To support Bayer’s new ways of working, the company is undertaking significant measures to ensure that our best-in-class workforce is supported with a best-in-class workplace as it enters the next phase of hybrid working. These measures will allow Bayer to better serve its farmer customers and bring new technologies to market with greater speed and efficiency.
To better tailor its workplace to the needs of the business, Bayer is investing in key areas of its Chesterfield and Creve Coeur campus facilities to modernize office space and create additional work and collaboration spaces. The company will invest more than $100 million in workspaces to better suit the needs of the work being conducted by employees in the St. Louis region. This will be supported through investments in important research infrastructure, including new labs, greenhouses and office space at our Chesterfield campus.
“Over the past few years, we’ve evaluated new ways of working,” said Brian Naber, President of Bayer Crop Science North America, Australia and New Zealand. “One result of this shift in our operating environment has resulted in the exploration of plans to sell a portion of the company’s Creve Coeur campus – primarily areas and facilities that are underutilized or not in use. We are also taking advantage of the opportunity to consolidate our physical work spaces, creating a more collaborative environment for our employees.”
At the same time, we are committed to our remaining Creve Coeur office campus. We will make long-term infrastructure investments and modernize our facilities to create an optimized, engaging hybrid office environment as our employees accelerate working in the Dynamic Shared Ownership (DSO) model. This investment will include state-of-the-art conferencing space, upgrades to work spaces and meeting rooms, and important technology updates for the Creve Coeur campus.
This initiative will also bring colleagues and teams closer together, including the integration of Bayer’s Digital Farming Solutions division into the Creve Coeur campus from their current offices at City Place.
In optimizing its footprint, Bayer is capitalizing on an underutilized asset while setting up the region for growth and expansion. This strategy also enables Bayer to sell with an eye toward reducing the company’s debt and addressing costs of litigation.
“Ultimately, these changes will help accelerate our growth, enable us to drive value for our farmer customers and position Bayer for long-term success,” said Shannon Hauf, Senior Vice President and Head of North America, Australia, and New Zealand Product Supply. “We are excited to be part of this vibrant and growing epicenter for ag tech and research in the St. Louis region. This will not only create a better work experience for our employees, it will enable us to unlock solutions for our farmer customers at greater speed and efficiency.”
“We remain committed to the St. Louis region, as the North America headquarters of Bayer’s Crop Science division, and we look forward to being part of the business community for many years to come.”
Media Contact: Kyel Richard
Cell: 573-356-0241
Kyel.Richard@Bayer.com