Monsanto names new senior vice president

Pierre Courduroux, 45, has been appointed Monsanto's new senior vice president and chief financial officer. Courduroux currently serves as the company's finance lead for its global business operations.

"For more than 20 years, Pierre has been a valuable asset to Monsanto and our finance organization," said Hugh Grant, chairman, president and chief executive officer of Monsanto. "Pierre understands our business, has proven financial expertise, and applies that to executing on our strategic vision. His leadership will provide a key anchor as Monsanto focuses on the operational implementation that will drive the growth in this company over the long term."

A native of Clermont-Ferrand, France, Courduroux joined the former Monsanto Co. in 1990. During his career, Courduroux has served in a variety of leadership positions throughout Monsanto's finance organization and across its global operating businesses.

"It was clear to me and the Board that of all of the candidates, Pierre's financial skill and leadership capability was the right combination for our business," Grant said. "Monsanto will benefit from his global business experience and financial insight."