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Merck & Co. CEO Letter to Employee Print E-mail
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Wednesday, 11 March 2009 09:12
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Merck & Co. CEO Letter to Employee
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merck_puppetize_schering_plough.jpgDear colleagues,

This is one of the most important days in the history of our company.

A few moments ago, we announced our decision to merge with our long-term partner, Schering-Plough, in a transaction valued at $41.1 billion.

My letter explains how the combination of Merck and Schering-Plough benefits our people, patients, science and shareholders.

But now I want to address two important questions: Why this combination – and why now?

Our Plan to Win strategy was designed to get us in shape, organizationally and financially, so we could take advantage of the right opportunity to grow our business. This is one such opportunity.

By combining the strength of our two global companies we will have the scale and scope necessary to continue our shared mission of providing life saving therapies for patients. Our product portfolios and pipelines are highly complementary. And our long-standing partnership will make our integration a real combination of the best we both offer.

I hope you are as excited about today's news as I am.  The tremendous effort you have dedicated to helping execute our strategy has positioned us for this moment.  And I thank you. I am confident that Merck, going forward, will achieve even more.

Integrating two complex organizations will not be easy.  It will take hard work and a concerted effort to make this transition as quick and smooth as possible for everyone.  To help ensure our success, we have formed an Integration team to decide on the best ways to bring together the capabilities and talent of the combined company.

In the months ahead – as we work through the fine details of this merger – the Executive Committee and I will communicate our progress on a regular basis.  I am counting on each of you to stay focused on what we ask – whether it means remaining focused on your current work or getting directly involved in the integration process.  Most important, I ask that you don't lose sight of the core values that have made us who we are today and that will continue to serve us well as we enter this exciting new chapter.

Thank you.

Dick Clark

Last Updated on Wednesday, 11 March 2009 11:50




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