J&J CEO Gorsky elected chairman, replacing Weldon

Published November 30, 2012

| Reuters

Johnson & Johnson has named Chief Executive Alex Gorsky as the chairman of its board of directors, effective December 28, replacing current chairman Bill Weldon, the company said on Friday.

Gorsky, a former vice chairman of the diversified healthcare company, became chief executive on April 26, replacing Weldon, who had served as CEO for a decade. But Weldon had retained his role as chairman, as the company continued attempts to fix manufacturing problems that have sparked recalls of Tylenol and many other over-the-counter consumer brands during the past three years.

J&J said in a release that Weldon, who has been with the company for 41 years, will retire from Johnson & Johnson in the first quarter of 2013.

(Reporting By Ransdell Pierson; Editing by Gerald E. McCormick)

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