Johnson & Johnson CEO Gorsky to step down, become executive chairman

Johnson & Johnson JNJ, +0.78% said precocious Thursday that Joaquin Duato, vice president of the company's enforcement committee, volition go CEO connected Jan. 3, with Chairman and Chief Executive Alex Gorsky transitioning to enforcement chairman. Duato volition besides beryllium appointed arsenic a subordinate of the committee of directors, Johnson & Johnson said. Gorsky has served arsenic the company's president and CEO for astir a decade, and has been with Johnson & Johnson for 30 years. "The determination to measurement speech was 1 of the astir hard of my career," helium said successful a statement. "This is the close clip for the institution arsenic our enactment is delivering beardown show crossed each 3 segments and is positioned for continued success, successful summation to this being the close clip for maine personally arsenic I absorption much connected my household owed to household wellness reasons." Johnson & Johnson shares fell 0.5% successful the extended league Thursday aft ending the regular trading time up 0.8%.