Bayer names Frank Lutz as MaterialScience CFO

FRANKFURT (Reuters) - Germany's Bayer named Frank Lutz as chief financial officer of its plastics unit MaterialScience, which it plans to float on the stock market as a separate company. Lutz, 45, is currently CFO of retail group Aldi Sued. He will take up his appointment on Oct. 1, replacing Axel Steiger-Bagel, who will become senior Bayer representative for the Benelux countries, Bayer said on Tuesday. (Reporting by Georgina Prodhan; Editing by Edward Taylor)