Mead Johnson Nutrition President, CEO Steve Golsby's Intends To Retire In 2013

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6/15/2012 8:12 AM ET

Mead Johnson Nutrition Co. (MJN: Quote) said its President and Chief Executive Officer, Steve Golsby, intends to retire by the 2013 annual meeting of stockholders. Golsby informed the Board of his intentions at the company's Board meeting and pledged his commitment to support the succession plan in the months ahead.

Subsequently, the Board unanimously selected Kasper Jakobsen as CEO-elect and appointed him to the MJN Board of Directors effective immediately. Jakobsen is currently Executive Vice President and Chief Operating Officer of Mead Johnson Nutrition.

Jakobsen is expected to succeed Golsby as Mead Johnson Nutrition President and CEO upon Golsby's retirement. He will continue in his role as Chief Operating Officer, and the current senior leadership structure and reporting relationships will remain in effect.

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