Tag: Merck

Merck announces retirement of CEO, 2020 earnings | Business News

KENILWORTH, N.J. – Merck & Co., with multiple locations in eastern Pennsylvania and New Jersey, announced fourth quarter and full year 2020 results.

The results were mixed.

However, earnings weren’t the big news Thursday morning. The big news was the announcement that chairman and CEO Kenneth C. Frazier is retiring at the end of June after almost 11 years at the helm of the pharmaceutical giant. He will remain on the board as executive director.

Frazier was one of the few Black corporate leaders of Fortune 500 companies in the U.S. He will be succeeded as CEO by Chief Financial

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