Johnson & Johnson Chairman Bill Weldon will step down from that post in late December, and the world’s biggest maker of health products has picked new CEO Alex Gorsky to replace him.
The New Brunswick, N.J., company had named Gorsky, 52, as CEO earlier this year, replacing Weldon.
J&J said Friday that Weldon will step down Dec. 28 as chairman and then retire in next year’s first quarter, wrapping up a 41-year career with the company.
Weldon, 64, stepped down as CEO in April after a decade in that role. Gorsky, who will hold both of the company’s top titles, has worked for J&J since he became a sales representative in 1988 except for a four-year stretch with rival Novartis AG.