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J&J names new chief executive
Johnson & Johnson chief executive 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 yesterday. 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 chief executive as of the next board meeting on 26 April.