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Hengde Qin named Chief Financial Officer of Syngenta Group

2023-10-20 21:23
BASEL, Switzerland--(BUSINESS WIRE)--Oct 20, 2023--
Hengde Qin named Chief Financial Officer of Syngenta Group

BASEL, Switzerland--(BUSINESS WIRE)--Oct 20, 2023--

Syngenta Group’s Board of Directors has named Hengde Qin, 53, Chief Financial Officer of Syngenta Group, effective Dec 1, 2023. He will succeed Chen Lichtenstein, 56, who has been CFO since the creation of Syngenta Group and will be stepping down to pursue other business opportunities.

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Hengde Qin, Chief Financial Officer of Syngenta Group as of Dec 1, 2023. (Photo: Business Wire)

Fanrong Li, Chairman of Syngenta Group said, “Hengde is a strong leader with excellent financial acumen. He has extensive experience in finance and strong knowledge of the business and will make an excellent partner to Jeff Rowe. I look forward to what this new team can achieve together.”

Earlier today, it was announced that Jeff Rowe will succeed Erik Fyrwald as CEO of Syngenta Group, effective Jan 1, 2024.

Li continued, “I would like to thank Chen for his many outstanding contributions to Syngenta Group as well as his many years of prior leadership in ADAMA and CNAC. During his time as the Group CFO, he oversaw the Group’s strong performance and successfully led the newly formed Group. I wish him all the best for the future."

Lichtenstein joined the Syngenta Group family in 2006 as a member of ADAMA’s management and went on to lead Global Operations before becoming Deputy CEO in charge of China Integration. He then served as President and CEO of ChemChina's strategic business division – China National Agrochemical Corporation (CNAC) – before being appointed ADAMA President and CEO in 2014. During his six-year tenure as CEO, Lichtenstein led the company to continuous strong performance and market share gains. ADAMA also had successfully integrated with a publicly traded company and is now listed on the Shenzhen Stock Exchange.

Lichtenstein was instrumental in the creation of Syngenta Group in 2020, taking on the role of CFO, and establishing the Group as an industry leader with exceptional growth in all businesses and geographies. In the last three years, he has led the team across Finance, Integration & Synergies, Ventures, Productivity and Strategy; overseeing performance, significantly refinancing the Group’s debt, and achieving robust investment grade ratings from all agencies.

Qin is currently the Chief Human Resources Officer of Syngenta Group, based in Basel, a position that he assumed at the beginning of the year. He was previously President of Syngenta Group China (SGC), where he built a strong team that has been delivering outstanding revenue and profitability growth. Under his leadership, SGC built market-leading positions in the crop protection and seeds markets in China. He also strengthened SGC’s leadership position in crop nutrition and grew the Modern Agriculture Platform business to be the fastest-growing business in global agriculture.

Erik Fyrwald, outgoing Syngenta Group CEO, said, “I want to thank Chen for his strong leadership and close partnership with me as we launched and grew the Syngenta Group during a period of very strong profitable growth.”

“Now it is time for this team to hand over the baton to Jeff and Hengde,” he continued. “I am pleased to leave Syngenta Group financial leadership in such excellent hands.”

About Syngenta Group

Syngenta Group is one of the world’s biggest agricultural technology companies, with roots going back more than 250 years. With more than 57,000 employees, operating in more than 100 countries, the company strives to transform agriculture with science-driven, technological innovations to deliver high productivity and high-quality food while fighting climate change and restore nature. Syngenta Group is working with farmers to enable Regenerative Agriculture - an outcome-based food production system that nurtures and restores soil health, protects the climate and water resources and biodiversity, and enhances farms' productivity and profitability. Syngenta Group, which is registered in Shanghai, China, and has its management headquarters in Switzerland, draws strength from its four business units: Syngenta Crop Protection, headquartered in Switzerland; Syngenta Seeds, headquartered in the United States; ADAMA®, headquartered in Israel; and Syngenta Group China. Together, these businesses provide industry-leading ways to serve customers around the world.

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Cautionary Statement Regarding Forward-Looking Statements

This document may contain forward-looking statements, which can be identified by terminology such as “expect,” “would,” “will,” “potential,” “plans,” “prospects,” “estimated,” “aiming,” “on track” and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. For Syngenta Group, such risks and uncertainties include risks relating to legal proceedings, regulatory approvals, new product development, increasing competition, customer credit risk, general economic and market conditions, compliance and remediation, intellectual property rights, implementation of organizational changes, impairment of intangible assets, consumer perceptions of genetically modified crops and organisms or crop protection chemicals, climatic variations, fluctuations in exchange rates and/or grain prices, single source supply arrangements, political uncertainty, natural disasters, and breaches of data security or other disruptions of information technology. Syngenta Group assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.

View source version on businesswire.com:https://www.businesswire.com/news/home/20231020464279/en/

CONTACT: Media Relations

media@syngentagroup.com

KEYWORD: SWITZERLAND EUROPE

INDUSTRY KEYWORD: ENVIRONMENT TECHNOLOGY CLIMATE CHANGE FINANCE PROFESSIONAL SERVICES FOOD/BEVERAGE AGRICULTURE RETAIL NATURAL RESOURCES FOOD TECH

SOURCE: Syngenta Group

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PUB: 10/20/2023 09:00 AM/DISC: 10/20/2023 09:01 AM

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