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


The Johnson & Johnson brand is exhibited on a screen on the flooring of the New York Stock Exchange (NYSE) in New York, U.S., Might 29, 2019. REUTERS/Brendan McDermid/File Picture

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May well 11 (Reuters) – Johnson & Johnson (JNJ.N) on Wednesday appointed Thibaut Mongon as the main executive officer of the purchaser wellness division, which the pharmaceutical giant designs to spin off into a outlined company by the conclusion of subsequent calendar year.

The world’s most significant health and fitness products company in November introduced it would spin off its buyer health division that sells Listerine and Toddler Powder to target on pharmaceuticals and professional medical products in the most important shake-up in its 135-12 months record. study far more

Mongon currently serves as the government vice president and around the world chairman of the firm’s buyer wellness division following joining the business in 2000.

J&J also appointed the main economical officer of the buyer wellbeing organization Paul Ruh as the CFO of the future entity.

The leadership transition would come about soon after the separation completes, which is expected to transpire within 2023, issue to lawful requirements, the business explained.

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Reporting by Leroy Leo in Bengaluru Modifying by Krishna Chandra Eluri

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