Familiar Leadership For J&J's Planned Consumer Spinoff
J&J's current consumer health division head, Thibaut Mongon, will be at the helm of its planned spinout of the business while Paul Ruh will move to the company was CFO.
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Firm adds outside-the-box details about planned spinoff with its third quarter results on 18 October, which included worldwide consumer results slipping 0.4% to $3.8bn on a 2.1% increase in the offset by 2.3% international decline.
J&J reported lower consumer health sales during its latest quarter; consumer health businesses name and branding to be announced in the next few months.
The global market leader in consumer health is now Haleon following its separation from GSK after more than two years of planning.