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Merck CEO quits, insider takes helm

 
 
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PostPosted: Thu May 05, 2005 4:00 pm    Post subject: Merck CEO quits, insider takes helm Reply with quote

NEW YORK (Reuters) - Merck & Co. Inc. <A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=MRK.N&target=/stocks/quickinfo/fullquote">MRK.N</A> on Thursday named a company insider to replace embattled Chief Executive Raymond Gilmartin, a move that was greeted with little enthusiasm by investors who hoped for a high-profile outsider to turn the drugmaker around.

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