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Gates Foundation names Merck veteran as new CFO
Posted by Kristi Heim
Richard Henriques, senior vice president of finance at Merck, was named chief financial officer at the Bill & Melinda Gates Foundation today.
Henriques starts work April 19 in Seattle, overseeing financial planning, impact assessment and the foundation's program-related investments. The foundation has 818 employees and made $3 billion in grants last year.
Henriques has been with Merck for 27 years, according to his online profile. He worked in a number of financial positions, from an analyst in its manufacturing division to corporate controller. His work involved strategy, productivity improvements and cost savings as he managed the pharmaceutical giant's resources across 30 brands and 100 countries.
He earned an MBA from Wharton in 1981 and has served on the boards of three non-profits in Philadelphia over the last year.
His depth of experience "will be integral as we continue to manage our growth and assess our progress," Gates Foundation CEO Jeff Raikes said in a statement. "His leadership will be critical as we look for new opportunities to maximize the impact of our work around the world."
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