Merck KGaA's deputy chief Oschmann set to become CEO - Manager Magazin - (Yahoo!News via NewsPoints Desk)

  • According to sources quoted in Manager Magazin, Merck KGaA will promote its deputy chief executive Stefan Oschmann to the role of CEO next year, replacing Karl-Ludwig Kley, as reported Friday in Yahoo!News.
  • The publication suggested that Oschmann would take on the role after the company's annual shareholder meeting in April 2016 or in September next year at the latest, when Kley's current contract expires.
  • Last year, Merck appointed Oschmann, the former head of its pharmaceutical business, as deputy chief executive from January.
  • Commenting on the news, a Merck spokeswoman said a decision on Kley's succession has not yet been made.

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