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.
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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