Tuesday, February 21, 2012

Finally! Johnson & Johnson CEO Steps Down After Product Recalls - - CNBC

Johnson & Johnson CEO Bill Weldon is retiring in April following an embarrassing string of product recalls that has stretched for more than two years, costing the health-care giant hundreds of millions of dollars and consumer trust.
Vice Chairman Alex Gorsky, 51, will become CEO effective April 26, the date of J&;J's next board meeting, the company said. Gorsky was also nominated to the board, it added. Weldon, 63, remains the chairman.

No comments: