Merck & Co names Frazier as next CEO; Clark to continue as chairman; Seattle Genetics adds two VPs ahead of drug launch

1 December 2010

In a move that was widely expected, the board of US drugs giant Merck & Co (NYSE: MRK) announced the election of Kenneth Frazier, currently the firm’s president, as chief executive and president, as well as a member of the board, effective January 1, 2011. Mr. Frazier will succeed Richard Clark, who has served as Merck's CEO since 2005 and will continue as chairman of the board.

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