Friedhelm Felten to Head Procurement at Merck
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Effective April 1, 2011, Friedhelm Felten will become Head of Corporate Procurement, taking over responsibility for the global purchasing activities of the Merck Group. He succeeds Friedrich Schmitt, who has headed the function since 1997 and will be retiring at the end of July. Felten will report directly to Dr. Michael Becker, Chief Financial Officer.
Corporate Procurement, which operates through a global matrix organization, is responsible for purchasing production materials such as pharmaceutical raw materials and chemicals, and for procuring technical components such as production and laboratory equipment as well as services like pharmaceutical research and development. The approximately 500 members of the global matrix organization handle an annual purchasing volume of around EUR 4.5 billion.
Felten (45) joined Merck in July 2009 as Head of Procurement for Services. He has many years of management experience in purchasing and in other functions at international companies, including DHL Global Forwarding in Singapore, DHL Logistics in London, and BASF AG in Ludwigshafen as well as various BASF subsidiaries in Asia. Felten, who holds degrees in economics and business administration, began his career as assistant to the CFO of BASF Magnetics GmbH in Mannheim.
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