Originally Published MX May/June 2002

BUSINESS NEWS

J&J Gets New
Leadership

Generally speaking,
publicly held companies don't like it much when changes in leadership make headlines.
But when the largest medical product manufacturer in the United States changes
hands, it's news.

Ralph S. Larsen

William C. Weldon

That's what happened
in April at the annual shareholders meeting of Johnson & Johnson (New Brunswick,
NJ), when chairman and CEO Ralph S. Larsen stepped down in preparation for his
retirement in July 2002. Also stepping aside was Robert N. Wilson, senior vice
chairman of the board and vice chairman of the executive committee, who is expected
to retire in April 2003.



The new leaders of the healthcare giant are William C. Weldon, who replaced
Larsen as chairman and CEO, and James T. Lenehan, who was named president in
addition to his previous position as vice chairman of the board.



Weldon previously headed J&J's pharmaceuticals group and consumer pharmaceuticals
and nutritionals group. Lenehan had responsibility for the medical devices and
diagnostics group, and the consumer and personal care group. Both previously