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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.