WHITEHOUSE STATION, N.J. — The president of drug maker Merck now will fill an additional position at the company: CEO.
Merck's board of directors elected president and board member Kenneth Frazier as the company's next leader, effective Jan. 1. Frazier will succeed Richard Clark, who has served as Merck's CEO since 2005. Clark will continue as chairman of the board, the drug maker said.