Robert Davis New CEO At Merck
… Merck names Robert Davis as new CEO …

EXECUTIVE PROFILE: Merck’s New CEO Robert Davis

Present Merck CEO Kenneth Frazier is retiring in June

John G. Baresky

Globally known and respected, Merck chief executive officer Kenneth Frazier is retiring

The company’s present CEO, the legendary Kenneth Frazier, is retiring in June. Frazier has been a prolifically successful leader at Merck and is one of the few black Fortune 500 CEOs. Ken will continue to serve on Merck’s board of directors as executive chairman during the course of a transition period.

Kenneth Frazier, CEO, Chairman of the Board, Merck
Kenneth Frazier, CEO, Chairman of the Board, Merck
… Retiring Merck CEO and Chairman of the Board Kenneth Frazier …

Robert Davis’ career is a distinguished track record of success in the healthcare industry; he has all the attributes Merck needs as its next CEO

Davis’ extensive healthcare industry leadership experience stems from his work at Merck plus two other iconic pharmaceutical and medical product companies. A snapshot of his executive background reveals decades of increasing levels of responsibility, scale and success:

  • Baxter Healthcare (NYSE: BAX): Corporate Vice President and President, Medical Products
  • Eli Lilly and Company (NYSE: LLY): Director of Corporate Financial Planning
New Merck CEO Robert Davis
New Merck CEO Robert Davis
… New Merck CEO Robert Davis …

Rob’s diversified board experience widens his perspective

Throughout his career, Davis has extended his talents into other areas that fortified his experience in and understanding of the complex global healthcare industry. His corporate and philanthropic board memberships include:

  • Baxter International Foundation (NYSE: BAX)
  • C.R. Bard/Becton Dickinson (NYSE: BDX)
  • Duke Energy (NYSE: DUK)
  • Project Hope
  • Rush University Medical Center

Davis’ academic background aligns with the corporate and regulatory challenges of the global healthcare industry

One interesting comparison is Davis and Frazier each have law degrees. Rob’s education is comprised of finance, management and legal elements that reflect the complexity of the global pharmaceutical business sector. His credentials include:

Merck launched a major corporate transformation initiative early in 2020

Rob Davis is taking the helm of a clinical and commercial winning pharmaceutical enterprise that has been refitted and refreshed. Early in 2020, Merck announced it was forming a spinoff company that will be called “Organon”. The new organization will be fully separated in 2021 and formed by combining these business units and product franchises:

  • Older legacy products
  • Women’s Healthcare
  • Hospital
  • Oncology
  • Vaccines

New partnerships, product launches and acquisitions continued at Merck during the transformation

As Merck was finalizing the plans of the 2020 divestiture maneuver at the end of 2019, it launched Ervebo, the world’s first vaccine for the Ebola virus. As the new year and the spinoff got underway the company continued to achieve more successes and create additional business opportunities through strategic partnerships with AstraZeneca, Sanofi and Seattle Genetics.

Merck enters 2021 as a new company with a new leader and a formidable competitive position

The company kicked off 2021 with a new product launch that was a result of yet another partnership. Merck introduced a new cardiovascular therapy, Verquvo (vericiguat), in collaboration with Bayer during January.

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