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Johnson & Johnson CEO To Retire

Johnson & Johnson (NYSE:JNJ)’s CEO Bill Weldon has announced his retirement in April.

Johnson & Johnson CEO To Retire

After a series of recent recalls, Johnson & Johnson (NYSE:JNJ)’s longtime chief executive officer Bill Weldon is stepping down from the role in April.

Weldon has been the CEO and chairman of the company for the past 10 years.

He will be replaced by vice chairman Alex Gorsky, but Weldon will remain in his role of chairman.

He started his career in the company as a sales representative at its McNeil Consumer division and has been working there for the past 30 years.

Under his leadership, the company expanded its core business and now has over 250 different business units.

Johnson & Johnson (NYSE:JNJ) shares were at 65.04 at the end of the last day’s trading. There’s been a 1.8% change in the stock price over the past 3 months.

Johnson & Johnson CEO To Retire
Johnson & Johnson (NYSE:JNJ) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 2
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.95
Zack’s Rank: 2 out of 14 in the industry

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