Bill Weldon, Johnson & Johnson’s CEO and member of Quinnipiac’s Board of Trustees, announced Tuesday he will retire from his longtime position at the health care giant in April, according to the Associated Press.

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The announcement comes after a two-year string of product recalls that has cost the company millions of dollars and consumers. Weldon will remain chairman of the board of J&J, and the official transfer will be on April 26, the day of the next annual shareholders meeting.

Weldon graduated from Quinnipiac in 1971 with a degree in Biology. He was not immediately available for comment.

Asked if Weldon will step down as a member of Quinnipiac’s Board of Trustees, Lynn Bushnell, Quinnipiac’s vice president for public affairs, responded, “We have no reason to believe that.”

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