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J&J's Gorsky to replace Weldon as CEO
Vice Chairman Alex Gorsky, 51, will become CEO effective April 26, the date of J&J's next board meeting, the company said. Gorsky was also nominated to the board, it added. Weldon, 63, remains the chairman.
The conglomerate, which had more than 250 companies under the J&J umbrella, has been plagued by a series of massive recalls across a wide range of product and medicine lines over the past two years.
The quality control problems at J&J's consumer healthcare unit were deemed so pervasive that last March, U.S. health regulators took over supervision of three J&J manufacturing plants.
(Reporting by Bill Berkrot and Michele Gershberg; Editing by Richard Chang)