WHITEHOUSE STATION, N.J., Sept. 27, 2011 - Merck (NYSE: MRK), known as MSD outside the United States and Canada, today announced the appointment of Cuong Viet Do as chief strategy officer, effective Oct. 3, 2011. As chief strategy officer, Do, 45, will be responsible for both developing and executing enterprise-wide strategy and further building connections between the current and future business plans of Merck's franchises, divisions, and functions. He will report to Kenneth C. Frazier, Merck's president and chief executive officer, and will serve on the company's Executive Committee. He succeeds Mervyn Turner, who retired from the company this summer. "We are delighted to welcome Cuong as our new chief strategy officer," said Kenneth C. Frazier, president and chief executive officer, Merck. "As the health care environment continues to evolve, Cuong's expertise in developing and implementing global business strategy will help position Merck to deliver long-term value. Cuong will work closely with senior management to ensure that Merck continues to build on our tradition of innovation that helps improve and save lives around the world.
"I want to thank Merv for the many contributions he made to Merck throughout his 26-year career here, most recently as our first-ever chief strategy officer," added Mr. Frazier. "The framework he put in place has set the stage for a productive future, and we wish Merv all the best in retirement."
"I am delighted to be joining Merck at such an exciting time," said Do. "I look forward to working with the exceptional employees at Merck to further define and implement strategies that can deliver on the company's commitment to become the world's leading health care company."
Since 2009, Do served as senior vice president of corporate strategy and business development at TE Connectivity, formerly Tyco Electronics, a global company that designs, manufactures and markets products for customers in a variety of industries. While at TE Connectivity, Do led a global team of senior executives responsible for charting the company's overall corporate strategy, including strategies for the company's more than 20 business units and key emerging markets. He also developed the company's strategic approach to mergers and acquisitions. Prior to TE Connectivity, Do was a senior vice president at Lenovo, responsible for developing the company's strategy for emerging markets, new business adjacencies, and mergers and acquisitions. Before Lenovo, he was a director and senior partner at McKinsey & Company from 1989 to 2006, where he helped to build McKinsey's Global Healthcare Practice and then the firm's High Technology and Corporate Finance Practices in Asia.
Do currently sits on the board of WuXi AppTec, a pharmaceutical R&D outsourcing company. He received a Master of Business Administration degree from Amos Tuck School of Business Administration, Hanover, N.H. and a Bachelor of Arts degree in biochemistry and economics from Dartmouth College, Hanover, N.H.
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