The new organization announcement from Merck is out -- and it contains almost no surprises. The highest-ranking Schering-Plough executive to get a seat at New Merck is, predictably, Raul Kohan. No surprise, either, that Carrie Cox gets no seat -- but a relief to New Merck shareholders, just the same.
This part deserves special mention:
. . . .The new structure will build on the combined strengths of Merck and Schering-Plough to create a more customer-focused, innovative and diversified global health care company positioned to capitalize on the greatest opportunities for growth. Animal Health and Consumer Health Care will operate as separate business units reporting to Mr. Clark. . . .
This is often a structure used to prepackage a business for spin, JV or other semi-divested status. Consumer Health Care is now plainly to be part of the bust-up -- just as I had written, earlier in July.
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