Merck Won't Move Quickly To Fill Position of President
In the wake of Richard J. Markham's unexpected resignation as president and chief operating officer of Merck & Company on Friday, the board has decided not to seek an immediate replacement and may wait until November 1994, a spokesman for the pharmaceuticals company said yesterday. A decision to replace Mr. Markham, 42, could come when Merck decides on a successor for P. Roy Vagelos, chairman and chief executive, who is to retire in November 1994, said John Doorley, the Merck spokesman.