KENILWORTH, N.J.–(BUSINESS WIRE)–Merck (NYSE: MRK), often called MSD outdoors the USA and Canada, right now introduced that Caroline Litchfield has been appointed government vp and chief monetary officer (CFO), efficient April 1, 2021. Litchfield succeeds Robert M. Davis; as beforehand introduced (link), Davis, Merck’s present CFO, will turn into president of Merck, efficient April 1, 2021, and can turn into chief government officer on July 1, 2021.
“Making certain our firm’s sustainable monetary energy is crucial to allow Merck to ship on our mission to avoid wasting and enhance lives and to create long-term worth for all our stakeholders,” stated Kenneth C. Frazier, chairman and chief government officer, Merck. “Caroline’s appointment as our subsequent CFO is the results of a mixture of things – most significantly, Caroline’s monetary experience, outstanding monitor report, and management – in addition to our dedication to growing expertise and our succession planning for management roles.”
“Caroline’s ardour for Merck’s mission and for the sufferers we serve guides each determination that she makes,” stated Davis. “I look ahead to working with Caroline as our subsequent CFO and to learn from her experience and management as we chart the course for Merck within the months and years forward.”
“I’m honored to turn into Merck’s CFO at such a pivotal time, and to work carefully with Ken, Rob and the chief committee to proceed our firm’s really distinctive legacy of saving and enhancing lives and creating long-term worth for sufferers, clients and shareholders,” Litchfield stated.
Litchfield is presently the corporate’s treasurer, with duty for treasury, tax and investor relations. From 2014 to 2018, Litchfield led finance for Human Well being, the corporate’s largest enterprise, overseeing monetary operations and reporting in roughly 100 markets. She joined Merck in 1990 in its U.Ok. enterprise and has held a variety of positions of accelerating duty within the firm’s nation, regional and international finance capabilities.
Litchfield has a Bachelor of Science diploma in Arithmetic from the College of Leicester and is a fellow of the Chartered Institute of Administration Accountants.
For 130 years, Merck, often called MSD outdoors of the USA and Canada, has been inventing for all times, bringing ahead medicines and vaccines for most of the world’s most difficult ailments in pursuit of our mission to avoid wasting and enhance lives. We display our dedication to sufferers and inhabitants well being by rising entry to well being care by way of far-reaching insurance policies, applications and partnerships. At present, Merck continues to be on the forefront of analysis to forestall and deal with ailments that threaten folks and animals – together with most cancers, infectious ailments reminiscent of HIV and Ebola, and rising animal ailments – as we aspire to be the premier research-intensive biopharmaceutical firm on this planet. For extra data, go to www.merck.com and join with us on Twitter, Facebook, Instagram, YouTube and LinkedIn.
Ahead-Wanting Assertion of Merck & Co., Inc., Kenilworth, N.J., USA
This information launch of Merck & Co., Inc., Kenilworth, N.J., USA (the “firm”) consists of “forward-looking statements” throughout the which means of the secure harbor provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These statements are primarily based upon the present beliefs and expectations of the corporate’s administration and are topic to important dangers and uncertainties. If underlying assumptions show inaccurate or dangers or uncertainties materialize, precise outcomes might differ materially from these set forth within the forward-looking statements.
Dangers and uncertainties embrace however will not be restricted to, normal business situations and competitors; normal financial components, together with rate of interest and forex trade price fluctuations; the affect of the worldwide outbreak of novel coronavirus illness (COVID-19); the affect of pharmaceutical business regulation and well being care laws in the USA and internationally; international tendencies towards well being care value containment; technological advances, new merchandise and patents attained by opponents; challenges inherent in new product improvement, together with acquiring regulatory approval; the corporate’s means to precisely predict future market situations; manufacturing difficulties or delays; monetary instability of worldwide economies and sovereign threat; dependence on the effectiveness of the corporate’s patents and different protections for modern merchandise; and the publicity to litigation, together with patent litigation, and/or regulatory actions.
The corporate undertakes no obligation to publicly replace any forward-looking assertion, whether or not because of new data, future occasions or in any other case. Extra components that might trigger outcomes to vary materially from these described within the forward-looking statements could be discovered within the firm’s 2020 Annual Report on Kind 10-Ok and the corporate’s different filings with the Securities and Alternate Fee (SEC) accessible on the SEC’s Web web site (www.sec.gov).