J&J appoints consumer health head Thibaut Mongon to CEO of spun-off business


The Johnson & Johnson logo is exhibited on a display on the floor of the New York Inventory Trade (NYSE) in New York, U.S., Might 29, 2019. REUTERS/Brendan McDermid/File Photo

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May possibly 11 (Reuters) – Johnson & Johnson (JNJ.N) on Wednesday appointed Thibaut Mongon as the main government officer of the buyer health and fitness division, which the pharmaceutical large strategies to spin off into a shown company by the conclude of upcoming yr.

The world’s most significant wellbeing solutions firm in November declared it would spin off its customer health division that sells Listerine and Newborn Powder to focus on pharmaceuticals and professional medical equipment in the most significant shake-up in its 135-year background. read far more

Mongon currently serves as the executive vice president and around the world chairman of the firm’s purchaser health division following signing up for the corporation in 2000.

J&J also appointed the chief fiscal officer of the client health company Paul Ruh as the CFO of the upcoming entity.

The management changeover would take place just after the separation completes, which is expected to transpire within 2023, subject to legal necessities, the business mentioned.

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Reporting by Leroy Leo in Bengaluru Editing by Krishna Chandra Eluri

Our Standards: The Thomson Reuters Have confidence in Principles.



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