Navigation Links
Johnson & Johnson Announces Changes to Accelerate Growth
Date:11/15/2007

Three New Units to Focus on Convergence and New Opportunities

NEW BRUNSWICK, N.J., Nov. 15 /PRNewswire-FirstCall/ -- Johnson & Johnson today announced a series of organizational changes to sharpen its focus on opportunities outside its traditional areas of interest and in the growing intersections of health care. These include the creation of a new strategy and growth organization and two new business operating groups. The changes are designed to accelerate growth for Johnson & Johnson by building on the unique strengths afforded by the Company's broad base of businesses and decentralized structure.

A new Office of Strategy and Growth will identify opportunities for future growth that are distinct from those being pursued by the Company's existing businesses; a Surgical Care Group will focus on advancing technologies, solutions and services to enhance patient care in the surgical setting; and a Comprehensive Care Group will create portfolios to address some of the world's most chronic and pervasive conditions, such as metabolic disorders, through the convergence of technologies, products and services.

"These decisions recognize that a new environment is emerging in human health and well-being," said William C. Weldon, Chairman and Chief Executive Officer of Johnson & Johnson. "They reflect our assessment of the best way for us to capture and develop the opportunities associated with those changes and they capitalize on the unique, broadly-based, decentralized approach of Johnson & Johnson."

The Office of Strategy and Growth will be led by Nicholas J. Valeriani, currently Worldwide Chairman, Medical Devices and Diagnostics. The new office will identify new growth opportunities distinct from existing pursuits that are strategic fits for Johnson & Johnson and that have the potential for significant impact on human health. As part of his role, Mr. Valeriani will assume responsibility for the Johnson & Johnson Development Corporation, the Corporate Office of Science and Technology, and Worldwide Operations. The devices and diagnostics companies under Mr. Valeriani's current leadership will serve as the foundations for two new business operating groups, Surgical Care and Comprehensive Care.

Sherilyn S. McCoy, currently Company Group Chairman for Ethicon, will assume the role of Worldwide Chairman, Surgical Care, and will become a member of the Executive Committee of Johnson & Johnson, reporting to the CEO. Franchises comprising the Surgical Care Group will include Ethicon, Ethicon Endo-Surgery and DePuy.

Donald M. Casey, Jr., currently Company Group Chairman for the Diabetes franchise that includes LifeScan and Animas, will assume the role of Worldwide Chairman, Comprehensive Care, and will become a member of the Executive Committee, reporting to the CEO. Franchises comprising the Comprehensive Care Group will include Diabetes, Cordis, Johnson & Johnson Vision Care and Ortho- Clinical Diagnostics.

Each of the new organizations and appointments become effective, January 1, 2008.

"Much of the change in health care reflects the coming together of parts of the system that were at one time separate," Mr. Weldon said. "The very solutions that the health care system most needs -- those coming from the convergence of science, technology and services -- are the ones we are most capable of providing. We have the know-how across our pharmaceutical, biologics, devices, diagnostics and consumer businesses to bring completely new solutions to market. And we believe we can accelerate growth through a dedicated focus on the intersection of our existing capabilities, customer needs and emerging trends."

Separately, Joseph Scodari, Worldwide Chairman, Pharmaceuticals, informed the company of his intention to retire in early 2008. Mr. Weldon said that Mr. Scodari first spoke to the Company about his desire to retire several years ago, but agreed to remain in a leadership position for an extended time. "We have deeply valued Joe's counsel and steady guidance in building future opportunities for our pharmaceutical businesses," Mr. Weldon said.

Christine Poon will assume direct responsibility for the company's pharmaceutical and biological businesses and will continue as Vice Chairman of the Board of Directors. Ms. Poon's other corporate responsibilities have been reassigned to permit her to focus on the pharmaceutical and biological areas.

Johnson & Johnson's Consumer businesses are not directly impacted by today's announcements. Under the guidance of Colleen Goggins, Worldwide Chairman, Johnson & Johnson Consumer Group, the integration of the Pfizer Consumer Healthcare business continues to track ahead of the original acquisition plan.

Johnson & Johnson is the world's most comprehensive and broadly-based manufacturer of health care products, as well as a provider of related services, for the consumer, pharmaceutical, and medical devices and diagnostics markets. The more than 250 Johnson & Johnson operating companies employ approximately 120,000 men and women in 57 countries and sell products throughout the world.


'/>"/>
SOURCE Johnson & Johnson
Copyright©2007 PR Newswire.
All rights reserved

Related biology technology :

1. Legendary Earvin Magic Johnson Joins AFL/Signalife Cardiovascular Protection Team
2. Angiotech reaches agreement with Johnson & Johnson to settle outstanding patent litigation
3. Morria Biopharmaceuticals Plc Appoints Dr. Johnson Lau and Dr. David Sidransky to Board of Directors
4. Entry of Biogenerics and Decreasing Use of Amgens Epogen and Johnson & Johnsons Procrit Will Cause a $2.8 Billion Decline in the Drug Market for Chemotherapy-Induced Anemia by 2016
5. Dendreon Announces Publication of Phase 1 Study Highlighting Immunologic and Clinical Activity of Lapuleucel-T (Neuvenge(R)) in Advanced Breast Cancer Patients
6. YM BIOSCIENCES ANNOUNCES COMPLIANCE WITH AIM RULE 26
7. Emisphere Technologies, Inc. Announces Pricing of Registered Direct Offering
8. BioLife Solutions Announces Exclusive CryoStor(TM) Supply Agreement With the New England Cryogenic Center, Inc.
9. Carrington Announces Nasdaq Communication; Prepares for Shares to Be Quoted on the OTC Bulletin Board and Pink Sheets
10. China Kangtai Cactus Biotech Files 2nd Quarter 2007 10QSB and Announces Unaudited Quarterly Results
11. Cephalon Announces Positive Results from a Pivotal Study of FENTORA in Opioid-tolerant Patients with Non-cancer Breakthrough Pain
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/12/2017)... ... 2017 , ... They call it the “hairy ball.” It’s ... of a system of linkages and connections so complex and dense that “it ... science at Worcester Polytechnic Institute (WPI) and director of the university’s bioinformatics and ...
(Date:10/12/2017)... SARASOTA, FL (PRWEB) , ... ... ... Inc. (RPS®) today announces publication of a United States multicenter, prospective clinical ... single use, disposable, point-of-care diagnostic test capable of identifying clinically significant acute ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... genomics analysis platform specifically designed for life science researchers to analyze and ... researcher Rosalind Franklin, who made a major contribution to the discovery of ...
(Date:10/11/2017)... Wayne. NJ (PRWEB) , ... October 11, 2017 , ... Personal eye wash is a ... rinse one eye at a time. So which eye do you rinse first if a ... you have Plum Duo Eye Wash with its unique dual eye piece. , ...
Breaking Biology Technology:
(Date:3/30/2017)... 2017 The research team of The Hong ... fingerprint identification by adopting ground breaking 3D fingerprint minutiae recovery and ... speed and accuracy for use in identification, crime investigation, immigration control, ... ... A research team led ...
(Date:3/28/2017)... , March 28, 2017 ... Biometrics), Hardware (Camera, Monitors, Servers, Storage Devices), Software (Video ... and Region - Global Forecast to 2022", published by ... in 2016 and is projected to reach USD 75.64 ... 2017 and 2022. The base year considered for the ...
(Date:3/24/2017)... Mar 24, 2017 Research and Markets has ... Market Analysis & Trends - Industry Forecast to 2025" report ... ... at a CAGR of around 15.1% over the next decade to ... report analyzes the market estimates and forecasts for all the given ...
Breaking Biology News(10 mins):