J&J's Alex Gorsky To Step Down As CEO, Hands Baton To Joaquin Duato

Johnson & Johnson's JNJ CEO Alex Gorsky will step away from his role in January 2022 in favor of Joaquin Duato, the vice-chairman of the executive committee.
He served as CEO for nine years and will become J&J's executive chairman effective January 3.
Gorsky joined up with Janssen back in 1988 as a sales representative before climbing his way up the ladder at J&J before eventually being named CEO in 2012.
In an interview with the Wall Street Journal, Gorsky said he was making the move due to "health issues."
During his run atop J&J, Gorsky oversaw the Company's vigorous legal defense against talc class action suits and the fallout from the nation's opioid epidemic.
Related: Opioid Settlement Of $26B Between Drug Companies, States.
Also See: US House Panel Asks JNJ For Documents Over Talc Liabilities Bankruptcy Plan.
Price Action: JNJ shares closed 0.78% at $178.57 on Thursday.