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J&J puts Chinese businesses under one chairman there
The diversified healthcare company said Jesse Wu, who has been worldwide chairman of the consumer business, would become chairman of J&J China. Wu will report to J&J Chairman and Chief Executive Alex Gorsky.
The three Chinese operations have been reporting to separate business heads in the United States.
The reorganization comes at a time when pharmaceutical companies are in the spotlight there after the Chinese government began investigating bribery accusations against British drugmaker GlaxoSmithKline.
A J&J spokesman said that the company’s move, while aimed at increasing sales in China, would also add additional oversight to the “whole enterprise” there.
He said that he was unaware of any current investigations of J&J in China by regulators or authorities there. (Reuters)
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