Merck Appoints Caroline Litchfield Chief Financial Officer | Company & Finance

KENILWORTH, N.J.–(Business WIRE)–Mar 24, 2021–

Merck (NYSE: MRK), acknowledged as MSD outdoors the United States and Canada, today declared that Caroline Litchfield has been appointed government vice president and main economical officer (CFO), productive April 1, 2021. Litchfield succeeds Robert M. Davis as previously introduced ( backlink ), Davis, Merck’s present-day CFO, will become president of Merck, helpful April 1, 2021, and will turn out to be main executive officer on July 1, 2021.

“Ensuring our firm’s sustainable economical energy is critical to allow Merck to supply on our mission to conserve and boost life and to generate extensive-phrase price for all our stakeholders,” reported Kenneth C. Frazier, chairman and main govt officer, Merck. “Caroline’s appointment as our subsequent CFO is the outcome of a blend of factors – most importantly, Caroline’s monetary expertise, outstanding observe document, and leadership – as perfectly as our dedication to acquiring expertise and our succession arranging for leadership roles.”

“Caroline’s enthusiasm for Merck’s mission and for the patients we serve guides every single determination that she tends to make,” stated Davis. “I look forward to doing work with Caroline as our up coming CFO and to benefit from her know-how and leadership as we chart the program for Merck in the months and many years forward.”

“I’m honored to grow to be Merck’s CFO at these types of a pivotal time, and to get the job done closely with Ken, Rob and the government committee to continue our company’s actually exceptional legacy of saving and strengthening life and developing long-expression worth for clients, prospects and shareholders,” Litchfield claimed.

Litchfield is at the moment the company’s treasurer, with obligation for treasury, tax and trader relations. From 2014 to 2018, Litchfield led finance for Human Health and fitness, the company’s greatest organization, overseeing monetary functions and reporting in around 100 marketplaces. She joined Merck in 1990 in its U.K. company and has held a extensive array of positions of escalating accountability in the company’s country, regional and world finance functions.

Litchfield has a Bachelor of Science diploma in Mathematics from the College of Leicester and is a fellow of the Chartered Institute of Management Accountants.

For 130 many years, Merck, recognized as MSD outdoors of the United States and Canada, has been inventing for everyday living, bringing ahead medicines and vaccines for quite a few of the world’s most complicated health conditions in pursuit of our mission to conserve and improve lives. We exhibit our determination to clients and population health and fitness by growing access to wellbeing care by means of considerably-reaching insurance policies, programs and partnerships. Now, Merck carries on to be at the forefront of exploration to stop and address diseases that threaten people and animals – including cancer, infectious ailments this sort of as HIV and Ebola, and rising animal disorders – as we aspire to be the leading investigate-intensive biopharmaceutical organization in the world. For a lot more information and facts, pay a visit to and connect with us on Twitter, Fb, Instagram, YouTube and LinkedIn.

Forward-Looking Assertion of Merck & Co., Inc., Kenilworth, N.J., Usa

This news release of Merck & Co., Inc., Kenilworth, N.J., United states (the “company”) includes “forward-looking statements” inside of the that means of the safe and sound harbor provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These statements are dependent upon the latest beliefs and anticipations of the company’s management and are issue to major dangers and uncertainties. If underlying assumptions verify inaccurate or challenges or uncertainties materialize, genuine benefits might differ materially from those people set forth in the ahead-seeking statements.

Threats and uncertainties include things like but are not limited to, basic sector ailments and levels of competition normal financial things, like desire price and currency exchange fee fluctuations the effects of the global outbreak of novel coronavirus disease (COVID-19) the impression of pharmaceutical industry regulation and health care laws in the United States and internationally worldwide developments toward overall health treatment value containment technological advances, new solutions and patents attained by competition difficulties inherent in new solution advancement, which include obtaining regulatory approval the company’s means to precisely forecast upcoming current market circumstances manufacturing difficulties or delays financial instability of worldwide economies and sovereign danger dependence on the performance of the company’s patents and other protections for progressive solutions and the exposure to litigation, like patent litigation, and/or regulatory actions.

The firm undertakes no obligation to publicly update any ahead-searching assertion, regardless of whether as a result of new info, long run events or if not. Extra things that could bring about benefits to differ materially from individuals explained in the ahead-looking statements can be uncovered in the company’s 2020 Yearly Report on Kind 10-K and the company’s other filings with the Securities and Trade Commission (SEC) offered at the SEC’s Internet web-site ( ).

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Resource: Merck & Co., Inc.

Copyright Business Wire 2021.

PUB: 03/24/2021 06:45 AM/DISC: 03/24/2021 06:45 AM

Copyright Company Wire 2021.