Merck chief executive Ken Frazier is just one of four black executives leading a major US company.

Merck said Thursday Kenneth Frazier, one of only a handful of Black executives leading major U.S. companies, will step down as chief executive officer at the end of June and be replaced by chief financial officer Robert Davis. Fred Katayama reports.

Merck & Co said on Thursday Kenneth Frazier, one of only a handful of Black CEOs leading major U.S. companies, would step down as chief executive officer at the end of June to be replaced by Chief Financial Officer Robert Davis.

Merck & Co said on Thursday Chief Executive Officer Kenneth Frazier will retire and will be replaced by Chief Financial Officer Robert Davis. (Reporting by Manas Mishra in Bengaluru; Editing by Sriraj Kalluvila)

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