Johnson & Johnson Names New CEO
Johnson and Johnson has been struggling with lawsuits and product recall issues — most recently it was bottles of infant Tylenol. Current CEO William Weldon plans to retire in April. His replacement will be Alex Gorsky, a Johnson & Johnson executive who has dealt with its supply-chains.
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RENEE MONTAGNE, HOST:
NPR's business news starts with a new CEO for Johnson & Johnson.
(SOUNDBITE OF MUSIC)
MONTAGNE: Johnson & Johnson has been struggling with lawsuits and product recall issues - most recently with a half million bottles of infant Tylenol. The current CEO William Weldon plans to retire in April. His replacement will be Alex Gorsky, who knows Johnson & Johnson's problems well. Gorsky is an executive at the company who has dealt with its supply chains.
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