Robert M. Davis
Also at Merck & Co Inc
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
| 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
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.