Johnson & Johnson Names New CEO
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.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.