Merck KGaA Announces Leadership Changes: Garijo to Step Down, Beckmann to Succeed
Merck KGaA has announced significant changes in its leadership. Belén Garijo, who has led the company for 15 years, will not have her contract extended. She will remain in her post until April 2026 to ensure a smooth transition. Meanwhile, Kai Beckmann has been appointed as her successor, effective from May 1, 2026.
Garijo, who previously headed the pharmaceutical division for six years, navigated Merck through the corona pandemic and years of increasing crisis. She will leave her post after a transition period. Kai Beckmann, a highly respected leader from within the company, has been appointed deputy CEO with immediate effect. He will continue to lead the Electronics business area until a successor is found. Beckmann will take over as CEO in May 2026.
The announcement comes amidst Merck's recent billion-dollar takeover of US cancer specialist SpringWorks Therapeutics. However, the company's stock fell further intraday due to potential US tariffs on medical products and the change in leadership.
Merck KGaA's leadership transition is set to take place over the next two years. Belén Garijo will remain at the helm until April 2026, ensuring a smooth handover to Kai Beckmann. The company's stock has been affected by recent events, but the long-term impact of the leadership change remains to be seen.
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