– USA, NJ – Johnson & Johnson (NYSE: JNJ) today announced the appointment of Larry Merlo as Non-Executive Chair-designate for the future, listed New Consumer Health Company’s Board of Directors.
Larry Merlo previously served as President and CEO of CVS Health and brings over 30 years of purpose-driven and transformative health leadership to the Board for the planned new company.
As announced in November 2021, the planned separation would create two global leaders – the new Johnson & Johnson and the New Consumer Health Company – both better positioned to deliver improved health outcomes for patients and consumers through innovation, pursue more targeted business strategies and accelerate growth.
Today’s announcement follows the appointment of Thibaut Mongon as CEO-designate in May 2022.
Larry Merlo will formally assume the role as Non-executive Chair upon completion of the planned separation, expected to occur in 2023 subject to legal requirements.
Alex Gorsky, Executive Chairman of Johnson & Johnson said, “On behalf of the Board, I am pleased to welcome Larry as Chair Designate of the planned New Consumer Health Company. A purpose-driven leader, Larry’s experience in the fast-paced health retail sector will be a strong asset to the leadership team as they unlock value and deliver for consumers as a standalone company.”
“Throughout his career, Larry has placed the health and wellness of people first,” added Thibaut Mongon, EVP and Worldwide Chairman of Consumer Health at Johnson & Johnson and CEO Designate of the planned New Consumer Health Company. “Larry’s in-depth knowledge of health and consumer trends, combined with his values-based leadership approach, are aligned with our commitment to help improve the personal health of people around the world. I look forward to our partnership as we work towards the planned separation and set the course for the future of Consumer Health.”
About Larry Merlo
Larry Merlo served as President and CEO of CVS Health from 2011 to 2021, overseeing a decade of purpose-driven transformation. Under his leadership, the company completed multiple successful acquisitions, creating a diversified health services company and delivering significant growth.
Merlo previously served as a board member for CVS Health, America’s Health Insurance Plans, National Association of Chain Drug Stores, the Partnership for Rhode Island and Business Roundtable. He also serves on the University of Pittsburgh Board of Trustees and formerly chaired the Research & Innovation Committee. He is a graduate of the University of Pittsburgh School of Pharmacy.
“It is an exciting time for the business and the industry at large,” said Larry Merlo, Chair Designate for the planned New Consumer Health Company. “With an iconic portfolio of consumer health brands, legacy of scientific rigor, category-creating innovation, and a digital-first mindset, there is no doubt that the planned New Consumer Health Company will be an industry force. I look forward to being part of this journey with Thibaut and the leadership team and making a positive impact on the health and wellness of over one billion people around the world that rely on these products every day.”
A values-based leader, Merlo was recognized by President Barack Obama during the 2015 State of the Union address for the company’s apprenticeship programs and workforce initiatives that build non-traditional talent pipelines.
About Johnson & Johnson
At Johnson & Johnson, we believe good health is the foundation of vibrant lives, thriving communities and forward progress. That’s why for more than 130 years, we have aimed to keep people well at every age and every stage of life. Today, as the world’s largest and most broadly-based healthcare company, we are committed to using our reach and size for good. We strive to improve access and affordability, create healthier communities, and put a healthy mind, body and environment within reach of everyone, everywhere. We are blending our heart, science and ingenuity to profoundly change the trajectory of health for humanity.
For more information : https://www.jnj.com/
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