Arab Today, arab today jj to implement management changes
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

J&J to implement management changes

Arab Today, arab today

Arab Today, arab today J&J to implement management changes

New York - Arabstoday

Johnson & Johnson (J&J) Chief Executive Officer (CEO) William Weldon will step down from his post in April after a series of recalls called into question the quality of the healthcare giant’s products, from artificial hips to infant Tylenol. Weldon, 63, will remain chairman, the company said. He has held both roles for nearly 10 years, after three decades spent working his way through the company from his first job as a sales representative at J&J’s McNeil consumer division. Vice Chairman Alex Gorsky, 51, will become CEO at the next board meeting on April 26, making him the ninth person to lead the company since J&J’s founding in 1886. Under Weldon’s tenure, J&J expanded a sprawling business comprising more than 250 companies, from prescription drugmakers to a medical devices division and units that make personal care products. J&J shares are up less than 2 per cent since Weldon took over a decade ago, but have recovered about 14 per cent since August 2010 when the company was mired in product recalls. In the past two years, the company that long prided itself on a credo of high quality has seen its reputation tarnished by massive recalls for products that were poorly manufactured or failed at a higher-than-expected rate. “Gorsky is inheriting a company with a better pharmaceutical pipeline than it had 5 or 6 years ago,” Morgan, Keegan & Co analyst Jan.Wald said. “He is inheriting a consumer division that’s still embroiled in problems and he is getting a medical device business that he needs to refresh and restructure and get it to grow again.” “He’s got a lot of work to do and it is going to be very hard to affect anything in the short-term,” Wald said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jj to implement management changes Arab Today, arab today jj to implement management changes

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jj to implement management changes Arab Today, arab today jj to implement management changes

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday