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J&J Appoints Thibaut Mongon As CEO Of Its Soon To Be Spun Off Consumer Health Unit – $JNJ $DIA

By John F. Heerdink, Jr.

Reportedly, Johnson & Johnson (JNJ) has appointed Thibaut Mongon as the chief executive officer of the consumer health division, the division which the pharmaceutical giant plans to spin off into a listed company by the end of next year. Mongon joined the company in 2000, and currently serves as the executive vice president and worldwide chairman of the company’s consumer health division. In November, J&J announced it would spin off its consumer health division that sells Listerine and Baby Powder and focus on pharmaceuticals and medical devices. The transition would happen after the separation completes, that is expected to happen within 2023, subject to legal requirements.

Dow 30 component Johnson & Johnson (JNJ) is a worldwide healthcare-focused company that embraces research and science so that it can provide customers with innovative ideas, products, and services. To learn more about Johnson & Johnson (JNJ) and to continue to track its progress visit the Vista Partners Johnson & Johnson Coverage Page.

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(Read Original Story: J&J appoints consumer health head Thibaut Mongon to CEO of spun-off business in Reuters)


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