On March 28, 2022, Temasek Holdings Pte announced that with a shareholder meeting set for April 29, 2022, it has informed Bayer AG chairman Norbert Winkeljohann that it wants a change in leadership. Temasek Holdings is requesting a no-confidence vote in Baumann or a vote against ratifying the performance of management. Another investor, Alatus Capital also has joined the call and said that the actions of Baumann have led to significant shareholder value destruction at the Company and the Company's share price has declined by 48%, underperforming market indexes and peers.
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