February 1st, 2012
Letter to The Wall Street Journal on Executive Changes
The Wall Street Journal published a story yesterday on executive changes at the Johnson & Johnson Family of Consumer Companies, and the Company has responded with the following letter to the editor from Ray Jordan, Vice President of Public Affairs and Corporate Communication for Johnson & Johnson:
January 31, 2012
Dear Editor of The Wall Street Journal,
In reporting on recent departures at the Johnson & Johnson Family of Consumer Companies (“J&J Shakes Up McNeil Unit Again”), your article got only some of the facts right, and the overall story wrong. Patrick Mutchler, to whom the President of our McNeil Consumer Healthcare business reported, chose to retire from Johnson & Johnson after 35 years of exemplary service to the company. You inaccurately connected the departure of another senior executive, Pericles Stamatiades, to Mr. Mutchler’s retirement even though he had no direct responsibility for the McNeil business.
Through their contributions to our business, the leaders they have developed, and the many friends they made at Johnson & Johnson, Mr. Mutchler and Mr. Stamatiades have left an extraordinary legacy, and we will miss them. Perhaps most important, however, is the fact that McNeil Consumer Healthcare today remains under the same strong leadership of President Denice Torres, who stepped into her role last April. The company continues to move forward confidently under her guidance.
Vice President, Public Affairs & Corporate Communication
Johnson & Johnson