Summary by Futu AI
On August 26, 2024, Johnson & Johnson announced the retirement of Executive Vice President and Chief Human Resources Officer (CHRO), Peter M. Fasolo, effective at the end of the year. Fasolo, who joined the company in 2004 and has served as CHRO since 2010, has been instrumental in shaping the company's human capital strategy, working with the Board of Directors and partnering with three CEOs. He has been recognized for his contributions to the HR profession and the well-being of employees. Kristen Mulholland, who has been with Johnson & Johnson since 2005 and has held various HR leadership roles, will succeed Fasolo as CHRO and join the Executive Committee on October 1, 2024. Mulholland has been involved in key company initiatives, including the separation of the consumer business to form Kenvue. The transition between Fasolo and Mulholland will occur over the remaining months of the year.