J&J's Weldon to Step Down

Source: Reuters

Feb 21, 2012

Johnson & Johnson's Chief Executive William Weldon will step down from the post in April after a series of recalls called into question the quality of its products, from artificial hips to infants' Tylenol, the Wall Street Journal reported on Tuesday.

Citing a person familiar with the matter, the Journal said Vice Chairman Alex Gorsky will take on the CEO role. Officials at J&J were not immediately available to comment.

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