April 26th, 2012
By Doug Chia, Assistant General Counsel & Corporate Secretary, Johnson & Johnson
Today, Johnson & Johnson held its 124th Annual Meeting of Shareholders in New Brunswick, NJ. Today’s meeting held special significance in the history of Johnson & Johnson as it marked the transition of the Chief Executive Officer (CEO) position for only the 7th time since the company went public in 1944. Bill Weldon, Chairman of the Board of Directors and CEO since 2002, handed the CEO title over to Alex Gorsky, previously Vice Chairman of the Executive Committee. Bill will remain as Chairman of the Board. Alex, like all of our previous CEOs, was promoted from within the company, demonstrating the stability of leadership of Johnson & Johnson over time.
Here is a recap of the official business from today’s meeting, including preliminary voting results:
1) Election of Directors: All 13 Director nominees were elected to serve one-year terms on the Board of Directors with a range of support of 75.1 to 98.8 percent of the votes cast. Bill Weldon (Chairman) received the support of 93.6 percent of the votes cast, and Alex Gorsky (CEO) received the support of 98.8 percent. A full list of our Board members, including their biographies, can be found in the Corporate Governance section of the investor.jnj.com website.