Robert M. Davis

Chairman, CEO, and President at Merck & Co.

Board

Since December 2022

Age

58 years

Tenure

Joined Merck & Co., Inc. in 2014 and has held multiple leadership roles, progressing from CFO and Executive Vice President roles to serving as CEO and ultimately assuming the roles of Chairman, CEO, and President in December 2022.

Also at Merck & Co.

BDL

Betty D. Larson

EVP and Chief Human Resources Officer

Caroline Litchfield

EVP and Chief Financial Officer

Chirfi Guindo

Chief Marketing Officer

About

Robert M. Davis is 58 years old as of February 1, 2025, and has established himself as a key leader at Merck & Co., Inc. Not much personal background is available beyond his age, and no details regarding his education have been provided.

After joining Merck in 2014, he embarked on a rapid career progression. He held pivotal roles including Chief Financial Officer and Executive Vice President, and later advanced to become CEO and President from July 2021 until December 2022. In December 2022, he took on the additional responsibilities as Chairman, reflecting his significant contributions across the company.

Beyond his roles at Merck, he has also demonstrated leadership in other capacities, notably serving on the Board of Directors at Duke Energy since 2018, where he contributes to critical governance matters. His experience from previous positions at Baxter International further supports his comprehensive understanding of the corporate and financial environments, rounding out his professional profile.

$MRK Performance Under Robert M. Davis

Past Roles

Organization	Role	Date Range	Details
Merck & Co., Inc.	Chief Executive Officer and President	July 2021 – December 2022	Former position before current role
Merck & Co., Inc.	Executive Vice President, Global Services, and Chief Financial Officer	April 2016 – July 2021	Held prior to appointment as Chairman, CEO & President
Merck & Co., Inc.	Chief Financial Officer and Executive Vice President	2014 – 2016	Previous senior finance leadership role
Baxter International, Inc.	Corporate Vice President and President, Medical Products	2010 – 2014	Held leadership in medical products
Baxter International, Inc.	Corporate Vice President and Chief Financial Officer	2006 – 2010	Oversaw financial operations
Baxter International, Inc.	Corporate Vice President and Treasurer	2004 – 2006	Managed treasury functions

External Roles

Organization	Role	Date Range	Details
Duke Energy	Board of Directors	N/A	Chair of the Finance & Risk Management Committee; Member of the Corporate Governance Committee

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,603,091	Annually	Fixed base salary
Financial/Tax Counseling & Tax Preparation	$10,000	As Incurred	Part of All Other Compensation
Company Aircraft	$91,519	As Incurred	Part of All Other Compensation
Company Car and Driver	$15,224	As Incurred	Part of All Other Compensation
Home Security (Installation/Maintenance)	$11,824	As Incurred	Part of All Other Compensation
Savings Plan Company Match and Credits	$257,580	As Incurred	Part of All Other Compensation

Performance Compensation

Data from FY 2023

Annual Incentive (Cash-Based)

Metric	Details
Base Salary	$1,615,000
Target Incentive (150%)	$2,422,500
Company Scorecard Result	148%
Final Award	$3,585,300
Vesting Schedule	Immediate payout based on 2023 performance
Evaluation Period	2023 (annual)

Long-Term Incentive (LTI)

Component	Grant Date	Grant Date Fair Value	Grant Date Stock Price	Target/Maximum Shares	Performance Metrics	Vesting Schedule
Performance Share Units (PSUs)	March 31, 2023	$9,997,585	N/A	Target: 88,824 shares; Max: 177,648 shares	50% Three-Year Cumulative EPS & 50% Relative TSR; EPS thresholds: Threshold: $19.53 (25%), Target: $21.46 (100%), Stretch: $24.04 (200%)	Vest at end of three-year performance period
Stock Options	May 2, 2023	$4,050,000	$117.89	N/A	Value realized if stock price exceeds grant price; no additional performance thresholds provided	Vest in three equal annual installments

Note: Pro-rata Annual Cash Incentive details are integrated into the Annual Incentive component above. All performance payouts are determined based on the Company Scorecard and related pre-determined metrics.