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Monsanto Picks New CEO

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(company photo)
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New CEO Hugh Grant

By AP/KWMU

St. Louis, MO – A 22-year veteran of St. Louis-based Monsanto is the new president and CEO of the biotech company.

Hugh Grant replaces Hendrik Verfaille, who resigned in December, citing the company's poor financial performance over the previous two years.

Monsanto makes the herbicide RoundUp, and also makes genetically altered seeds that can tolerate RoundUp and resist insects. Those seeds include cotton, corn, soybean and canola. Monsanto also produces Asgrow, Hartz and DeKalb seeds.

Grant, 45, was most recently the company's chief operating officer.

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