US pharmaceutical giant Merck to get new CEO
[NEW YORK] US pharmaceutical giant Merck said Thursday that chief executive Ken Frazier will retire on June 30.
Mr Frazier, one of few African Americans to run a major US company, will stay on the board as executive chairman during a transition period, a statement said.
Word of the change in leadership came as Merck reported profits of US$7.1 billion in 2020, a decline of 28 per cent from the previous year, on revenue of US$48 billion, which was up by 2.5 per cent.
AFP
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cordlife customers push for legal action
France's Casino supermarket chain to axe up to 3,200 jobs
Prada outshines rivals with 16% revenue lift boosted by Miu Miu
Toymaker Hasbro posts quarterly profit beat, slower sales decline
Hilton lifts 2024 profit forecast on international travel demand