Chief Executive magazine today announced that Ken Frazier, Chairman and CEO of Merck, has been named 2021 Chief Executive of the Year by his peer CEOs.
Frazier was selected by an independent committee that recognized his exceptional long-term leadership: a decade of unprecedented transformation and growth at Merck—with powerful results for shareholders, patients and society.
Since becoming Chairman and CEO in 2011, Frazier has led a refocus at Merck on research, including early research, which resulted in numerous breakthrough products that provide far-reaching benefits to society—including the cancer blockbuster Keytruda. The committee also recognized his years of commitment to racial equality and social justice issues.
“Ken is an extraordinary individual who defines the meaning of leadership, not only in the corporate world but in society as well,” said Tom Quinlan, Chairman, President and CEO of LSC Communications and a longtime member of the selection committee. “This is evident from the results and milestones Merck has achieved during his tenure coupled with the courageous actions Ken has taken over the years to improve our society.”
“Ken Frazier is a world-class CEO,” said Dan Glaser, President and CEO, Marsh & McLennan. “He delivered excellent financial performance over a sustained period and, more importantly, he demonstrated courage and visible leadership during these troubled times.”
As a strong, public advocate for social justice and economic inclusion, Frazier is the recipient of numerous awards and honors, including the Anti-Defamation League Courage Against Hate Award, the Botwinick Prize in Business Ethics from Columbia Business School, the Legend in Leadership Award from the Yale School of Management, the NAACP Legal Defense and Educational Fund National Equal Justice Award, and the National Minority Quality Forum’s Lifetime Achievement Award. He is co-founder and co-chair of OneTen, a coalition of leading organizations committed to upskilling, hiring and promoting one million Black Americans into family-sustaining jobs.
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SOURCE: PR Newswire, Chief Executive Group