logo
Published on FierceVaccines (http://www.fiercevaccines.com)

Merck's vax chief resigns, spurring shake-up buzz

By john
Created Aug 6 2009 - 9:07am

Merck's vaccine chief is stepping down, spurring widespread speculation that the departure could signal the start of a major management shake-up ahead of its merger with Schering-Plough.

Margaret McGlynn (photo [1]), once viewed as a CEO candidate, says she thought that this was a good time to pursue other "personal and professional aspirations." McGlynn, 49, has worked at Merck for 26 years and spent the last four years running the pharma giant's vaccine arm [2]. During that time Merck launched Gardasil, which has provided a major boost to the company's bottom line.

Analyst Tim Anderson wrote that the departure signals a looming upheaval in the ranks of Merck executives. "Our understanding is that over the coming weeks there could be a significant shake-up in the most senior ranks of the company, some of which could come as a surprise to investors."

- read the report [3] from the Wall Street Journal

Related Articles:
Does Merck exit signal a shake-up? [4]
Merck's McGlynn has key role developing vaccines [5]
Merck's jobs axe is put to work [6]
Merck, Schering to cut 16,000 post-merger [7]


Source URL:
http://www.fiercevaccines.com/story/mercks-vax-chief-resigns-spurring-shake-buzz/2009-08-06