Merck New CEO Frazier Vows Innovation, Wider Markets
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Merck & Co.’s Kenneth C. Frazier, named today as chief executive officer of the second-biggest U.S. drugmaker, vowed to develop innovative products and increase sales in emerging markets in his new post.
“The pillar of our strategy will remain innovation,” Frazier, 55, said in a telephone interview today after the company announced he will replace Richard Clark, 64, as CEO. “Emerging markets is a subset of that innovation strategy.”