Davis To Shepherd Merck & Co. Toward The Post-Keytruda Era, As Frazier Exits

Merck & Co.'s CFO Robert Davis will succeed Ken Frazier as CEO. Frazier was one of the architects of the Schering-Plough acquisition, which shaped the pharma for the next decade and delivered its top-selling drug, Keytruda.

Robert M. Davis and Kenneth Frazier
Merck's incoming CEO Robert Davis with Ken Frazier • Source: Merck & Co.

Merck & Co., Inc. chief financial officer Robert Davis will succeed Kenneth Frazier as CEO effective on 30 June, ushering in a new era for the pharmaceutical giant as it builds out a growth strategy to augment the cancer powerhouse Keytruda (pembrolizumab). As the CEO of Merck & Co. for a decade, Frazier shaped the company from a primary care specialist to an unexpected oncology leader at the forefront of the immuno-oncology frontier.

The company announced the leadership transition on 4 February alongside its fourth quarter/full-year 2020 sales and earnings release. A transition...

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