As a legacy Schering Plough CCO announces his retirement after 35 years (between the various predecessor companies), Chairman & CEO Kenneth Frazier goes outside the organization — selecting someone he apparently previously worked directly with, when Frazier was the GC, on the Vioxx® matters.
Most recently, Michael J. Holston was the GC at HP. Interesting. Here is the company’s presser:
. . . .Holston most recently served as executive vice president and general counsel for Hewlett-Packard Company, where he oversaw compliance, government affairs, privacy, ethics operations and legal affairs. Prior to his role with Hewlett-Packard, Holston was a partner in the litigation practice at Morgan, Lewis & Bockius LLP, where he served as external counsel to Merck on matters such as product litigation, government investigations and compliance with healthcare laws and regulations. Before joining Morgan Lewis, he served as a prosecutor in the criminal division of the U.S. Attorney’s Office for the Eastern District of Pennsylvania. . . .
So it goes.