Hugh Grant (manager)
Encyclopedia
Hugh Grant is a Scottish
-born business manager
and the head of the agricultural
biotechnology
firm Monsanto Company.
Grant was born in Larkhall
, Scotland. He received a B. S. degree
in agricultural
zoology
from Glasgow University, a postgraduate degree in agriculture from the University of Edinburgh
, and an MBA
from International Management Centre
in Buckingham
, England
. He worked in Scotland from 1981 to 1991, for the then U.S.
-based Monsanto Company, and then took the title of 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.
The 20th-century Monsanto Company (in the midst of a roughly five-year series of merger
s and spin-offs that 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. He was named 2010 CEO of the Year by Chief Executive magazine.
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.
Scotland
Scotland is a country that is part of the United Kingdom. Occupying the northern third of the island of Great Britain, it shares a border with England to the south and is bounded by the North Sea to the east, the Atlantic Ocean to the north and west, and the North Channel and Irish Sea to the...
-born business manager
Business manager
In a general context, a business manager is a person who manages the work of others in order to run a business efficiently and make a large profit...
and the head of the agricultural
Agricultural science
Agricultural science is a broad multidisciplinary field that encompasses the parts of exact, natural, economic and social sciences that are used in the practice and understanding of agriculture. -Agriculture and agricultural science:The two terms are often confused...
biotechnology
Biotechnology
Biotechnology is a field of applied biology that involves the use of living organisms and bioprocesses in engineering, technology, medicine and other fields requiring bioproducts. Biotechnology also utilizes these products for manufacturing purpose...
firm Monsanto Company.
Grant was born in Larkhall
Larkhall
Larkhall is a town in South Lanarkshire, Scotland and is around southeast of Glasgow. It is twinned with Seclin in northern France.Larkhall sits on high ground between the River Clyde to the East and the Avon Water to the West...
, Scotland. He received a B. S. degree
Bachelor of Science
A Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...
in agricultural
Agriculture
Agriculture is the cultivation of animals, plants, fungi and other life forms for food, fiber, and other products used to sustain life. Agriculture was the key implement in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that nurtured the...
zoology
Zoology
Zoology |zoölogy]]), is the branch of biology that relates to the animal kingdom, including the structure, embryology, evolution, classification, habits, and distribution of all animals, both living and extinct...
from Glasgow University, a postgraduate degree in agriculture from the University of Edinburgh
University of Edinburgh
The University of Edinburgh, founded in 1583, is a public research university located in Edinburgh, the capital of Scotland, and a UNESCO World Heritage Site. The university is deeply embedded in the fabric of the city, with many of the buildings in the historic Old Town belonging to the university...
, and an MBA
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
from International Management Centre
International Management Centres Association
International Management Centres Association is an international business school for career and continuing professional development through lifelong action learning working with individuals and enterprises....
in Buckingham
Buckingham
Buckingham is a town situated in north Buckinghamshire, England, close to the borders of Northamptonshire and Oxfordshire. The town has a population of 11,572 ,...
, England
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
. He worked in Scotland from 1981 to 1991, for the then U.S.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
-based Monsanto Company, and then took the title of global strategy director in the agriculture division, based in St. Louis, Missouri
St. Louis, Missouri
St. Louis is an independent city on the eastern border of Missouri, United States. With a population of 319,294, it was the 58th-largest U.S. city at the 2010 U.S. Census. The Greater St...
. In 1995 he became managing director for the company's Asia-Pacific region, and in 1998, co-president of the agriculture division.
The 20th-century Monsanto Company (in the midst of a roughly five-year series of merger
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
s and spin-offs that had the effect of reducing its focus on chemicals
Chemical engineering
Chemical engineering is the branch of engineering that deals with physical science , and life sciences with mathematics and economics, to the process of converting raw materials or chemicals into more useful or valuable forms...
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
Chief operating officer
A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...
of this new Monsanto. In 2003, he became president
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
and chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
, and joined the board of directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
.
In March 2009, Grant was named one of the world's 30 most respected CEOs on Barron's annual list. He was named 2010 CEO of the Year by Chief Executive magazine.
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.