(Aug 20): Johnson & Johnson went to another insider to lead the health-care giant through the pandemic, naming Joaquin Duato to replace longtime veteran Alex Gorsky. Now vice chairman of the executive committee, Duato will take the reins effective Jan. 3 and take a seat on the company’s board, J&J said in a statement late Thursday. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. J&J declined to make Gorsky and Duato available for comment. “We are confident that Joaquin is uniquely qualified and the right person to lead Johnson & Johnson into the future,” Mulcahy said in a statement.

Source: The Edge Markets August 20, 2021 01:30 UTC