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German Merck on lookout for new CEO

German Merck on lookout for new CEO

FRANKFURT (Reuters) - The family that controls German drugs and chemicals group Merck KGaA has started its search for a new chief executive, a German newspaper reported on Thursday, citing sources close to the matter.

Die Welt said that 59-year-old Michael Roemer, who was named as chief executive on Tuesday after the surprise exit of Bernhard Scheuble, was only an interim choice.

Merck declined to comment.

Merck shares fell nearly 5 percent on Wednesday over uncertainty linked to Scheuble's departure and strategy under the new chief executive.

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German Merck on lookout for new CEO - paper - Yahoo! News

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