Merck board changes rules to keep CEO

Sep 28, 2018

Merck announced that its board of directors had overturned a policy requiring CEOs to retire when they turn 65, allowing Frazier to stick around past December 2019.

"CEO succession has been our top priority and removing the mandatory retirement policy enables the board to make the best decision concerning the timing of that transition," the lead board director Leslie Brun told the WSJ.

Frazier, who started at Merck in 1992, was appointed CEO and chairman in 2011.

Want to get news like this in your inbox?  Subscribe to our eNewsletter here!

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments