Johnson & Johnson (JNJ) is commoving oversight of McNeil Consumer Healthcare unit once again naming new leadership, Wall Street Journal reported.
The Journal reported that Johnson & Johnson is replacing two company group chairmen who held key roles. Patrick Mutchler, who was in charge of overseeing the McNeil Consumer Healthcare unit last April, is retiring. His duties will be assigned to Roberto Marques, head of Johnson & Johnson's consumer businesses in North America.
Also, according to the reports, Pericles Stamatiades, who was the chief strategist for Johnson & Johnson's consumer businesses since last spring's revamp, will also leave the company.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.