Merck taps Davis for CEO role as Frazier sets plan to retire
Emma Court and Riley Griffin, Bloomberg News
Merck & Co. said Kenneth Frazier plans to retire as chief executive officer after a decade at the helm of the drug giant.
Frazier, one of just four Black CEOs in the Fortune 500, will be succeeded by Robert M. Davis, Merckâs executive vice president for global services and chief financial officer. Davis was unanimously selected by Merckâs board for the post and will also be Merckâs new president as of April 1.
Frazier, who will continue as executive chairman, will step down as chief executive on June 30, the company said in a statement.
News Category Global Banking & Finance Reviews
Cyclica Appoints Renowned Healthcare AI Executive, Sastry Chilukuri, to Board of Directors to Help Build the Biotech Pipeline of the Future
Cyclica Appoints Renowned Healthcare AI Executive, Sastry Chilukuri, to Board of Directors to Help Build the Biotech Pipeline of the Future Cyclica announced the election of Sastry Chilukuri to its Board of Directors effective immediately. Chilukuri was also appointed to the Compensation and Governance sub-committees. Chilukuri, a health technology thought leader, is currently President of Acorn AI and EVP of Medidata, a Dassault Syst¨mes company. From 2006-2018, he was a partner at McKinsey & Company serving pharmaceutical, medical device, technology and public sector clients. Prior to that, he served in global product engineering roles at GE Healthcare launching imaging and health IT products. Chilukuri holds a Masters in Management degree from the Kellogg Graduate School of Management, Nor
Share this article
Share this article
BOSTON AND LONDON, Jan. 7, 2021 /PRNewswire/ L.E.K. Consulting, a global management consulting firm, has announced 18 new partners. The promotions strengthen the expertise and value that L.E.K. provides to clients across multiple industry sectors and geographies. Over the past year, our teams at L.E.K. have performed in extraordinary ways under profoundly challenging circumstances in society, individuals lives and the business world. The resilience and ingenuity that all of our people have demonstrated and applied to our work with clients stand out. So it is with deep gratitude and a sense of honor that we announce our newest partner promotions. Over the years, including the very long 2020, these colleagues have helped our clients achieve outstanding results and contributed to the growth and expanded capabilities of our firm and our people, said Stuart Jackson, Global Managing Partner.
Bridgette Heller named to Newman s Own Foundation Board of Directors
News provided by
Share this article
Share this article
WESTPORT, Conn., Jan. 6, 2021 /PRNewswire/ Newman s Own Foundation has announced the appointment of Bridgette Heller to its board of directors. The Foundation continues the work of its founder, actor/philanthropist Paul Newman, by turning all net profits and royalties from the sale of Newman s Own products into donations, totaling more than $560 million to date.
Ms. Heller has been an accomplished leader of consumer businesses for over 30 years and has a track record of accelerating growth and profitability in both Fortune 100 and private equity owned enterprises. Most recently, until January 2019, Ms. Heller served as the EVP and President of Nutricia, the Specialized Nutrition Division of Danone. Previously she led major businesses and business units at Merck Consumer Care, Johnson & Johnson, Chung s Gourmet Foods, and Kraft Foods.
Howard Tullman s Articles
The Perspiration Principles
Howard Tullman is the general managing partner of G2T3V and Chicago High Tech Investors, both early-stage venture funds based in Chicago. He was the founding executive director of the Ed Kaplan Family Institute for Innovation and Tech Entrepreneurship and a professor in entrepreneurship at Illinois Institute of Technology. He served for five years as the CEO of 1871, ranked the No. 1 private business incubator in the world by UBI Global s World Benchmark Study, and home to 500 digital startups. He has founded more than a dozen tech startups, advises many technology businesses, and teaches at the Kellogg Graduate School of Management and the Northwestern University School of Law.