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

he 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
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SOURCE Johnson & Johnson
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