Open main menu

Hugh Grant (business executive)

Hugh Grant (born 23 March 1958) is a Scottish business executive, who was the last CEO of Monsanto until its acquisition by Bayer.

Hugh Grant
Hugh Grant - World Economic Forum Annual Meeting 2011.jpg
Hugh Grant in 2011
Born23 March 1958 (1958-03-23) (age 61)
NationalityScottish
EducationUniversity of Glasgow
University of Edinburgh
International Management Centre
OccupationBusinessman
Spouse(s)Janice Grant

Early lifeEdit

Grant was born in Larkhall, Scotland. He received a bachelor's degree in agricultural zoology and molecular biology from the University of Glasgow, a postgraduate degree in agriculture from the University of Edinburgh, and an MBA from the International Management Centre in Buckingham, England.

CareerEdit

He worked in Scotland from 1981 to 1991 for the then US-based Monsanto company and then was appointed global strategy director in the agriculture division, based in St. Louis, Missouri. In 1995, he became managing director for the company's Asia-Pacific region and in 1998, co-president of the agriculture division.[1]

The 20th-century Monsanto Company, in the midst of a roughly five-year series of mergers and spin-offs (which had the effect of reducing its focus on chemicals in favor of biotechnology), legally ceased to exist in 2000. A new Monsanto Company was created and Grant became executive vice president and chief operating officer of this new Monsanto. In 2003, he became president and chief executive officer and joined the board of directors.

In March 2009, Grant was named one of the world's 30 most respected CEOs on Barron's annual list.[2] He was named 2010 CEO of the Year by Chief Executive magazine.[3] In 2009, Grant earned a total compensation of $10,803,757, which included a base salary of $1,391,356, a cash bonus of $1,070,382, stocks granted of $1,875,766, options granted of $5,902,039, and other compensation of $564,214.[4]

He became a director of the Harris Distillery in 2014.[5] In March 2018, Grant announced that after being acquired by Bayer, he would leave the company and he received a pay-off of approximately $77m post-sale.[6]

ReferencesEdit

  1. ^ "Hugh Grant Is Elected President and Chief Executive Officer of Monsanto Company". PR newswire. 29 May 2003. Archived from the original on 4 April 2016. Retrieved 23 November 2018.
  2. ^ "Monsanto's Grant named among world's best CEOs". St. Louis Business Journal. 23 March 2009. Retrieved 23 November 2018.
  3. ^ Donlon, J.P. (July–August 2010). "Monsanto's Hugh Grant, CEO of the Year 2010". Chief Executive (247): 28–34.
  4. ^ 2009 CEO Compensation for Hugh Grant, Equilar Archived 14 April 2009 at the Wayback Machine
  5. ^ "Isle of Harris Distillers Ltd". Companies House. Retrieved 23 November 2018.
  6. ^ Vince Brennan (7 May 2018). "Grant, other executives to leave Monsanto after Bayer acquisition closes". St. Louis Business Journal. Retrieved 27 June 2018.

External linksEdit