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New era begins at Merck as pandemic cuts Q1 sales, profit

Merck prepares for massive management makeover as CEO nears retirement

by Wire, staff reports April 29, 2021 . DURHAM – Merck is entering a new era, with sweeping changes across its executive suite and the spinoff off its women’s health and other businesses, a bid to enable both resulting companies to grow faster. The drug giant has a significant presence in Durham and announced a significant expansion last October.  The massive management makeover, mostly triggered by longtime Chief Executive Ken Frazier’s upcoming retirement, occurs as the drugmaker says hits to sales of many of its medicines amid lockdowns and other impacts from the coronavirus pandemic will lessen and sales will rise over the rest of the year.

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