Lab­Corp se­lects its new CEO; Pfiz­er names ex-Genen­tech vet as new head of on­col­o­gy R&D

→ Long­time Mer­ck ex­ec­u­tive Adam Schechter will be tak­ing over as CEO and pres­i­dent of Lab­Corp with the re­tire­ment of David King on Oc­to­ber 31— when he will be­come ex­ec­u­tive chair­man of the board of di­rec­tors. The com­pa­ny says that “the board ex­pects to choose one of its mem­bers to be lead in­de­pen­dent di­rec­tor at a lat­er date.”

Schechter has been on Lab­Corp’s board since April 1, 2013, serv­ing as the lead in­de­pen­dent di­rec­tor since Jan­u­ary of this year. Dur­ing his long-time stint at Mer­ck, Schechter helped lead the in­te­gra­tion of Mer­ck and Scher­ing-Plough and held ex­ec­u­tive roles in the com­pa­ny, in­clud­ing pres­i­dent of glob­al hu­man health and pres­i­dent of Mer­ck’s glob­al phar­ma­ceu­ti­cal busi­ness.

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