Merck's Outside Man

CEO Richard Clark broke with tradition by looking beyond the company walls to find a new chief for its global pharma business

If there were any doubts that Merck (MRK) Chief Executive Officer Richard Clark means to shake up the ailing drug giant, his first major hire dispelled them. On Apr. 3, the company announced Clark had hired Peter Loescher, president and CEO of GE Healthcare Bio-Sciences (GE), to run Merck's global pharmaceutical business. In that newly created position, Loescher will have Merck's four main sales units reporting to him, including the U.S. operation and Merck's growing vaccines division.

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