Familiar Leadership For J&J's Planned Consumer Spinoff
J&J's current consumer health division head, Thibaut Mongon, will be at the helm of its planned spinout of the business while Paul Ruh will move to the company was CFO.
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During Kenvue’s first earnings briefing, CEO Thibaut Mongon touts adding products and extending lines but repeatedly references attention to fundamentals of manufacturing and marketing OTC drugs, personal and skin care lines and other consumer health products.
Firm adds outside-the-box details about planned spinoff with its third quarter results on 18 October, which included worldwide consumer results slipping 0.4% to $3.8bn on a 2.1% increase in the offset by 2.3% international decline.
J&J reported lower consumer health sales during its latest quarter; consumer health businesses name and branding to be announced in the next few months.