Summary
Johnson & Johnson (JNJ) announced a significant addition to its Board of Directors with the appointment of Paula A. Johnson, Chairman and CEO of Honeywell. This move brings a seasoned executive with extensive leadership experience to JNJ's governance structure. Ms. Johnson's appointment is effective immediately, and she will also serve on the Board's Nominating & Corporate Governance Committee starting April 27, 2023. Her expertise is expected to contribute to the strategic direction and oversight of the company.
Key Highlights
- 1Appointment of Paula A. Johnson, Chairman and CEO of Honeywell, to the Board of Directors.
- 2Ms. Johnson's appointment is effective immediately.
- 3Ms. Johnson will serve on the Nominating & Corporate Governance Committee starting April 27, 2023.
- 4This appointment adds significant leadership and industry experience to JNJ's Board.
- 5Compensation for Ms. Johnson as a non-employee Director will follow standard practices outlined in the 2023 Proxy Statement.
Frequently Asked Questions
Paula A. Johnson is the Chairman and Chief Executive Officer of Honeywell, a large, diversified technology and manufacturing company. Her appointment to Johnson & Johnson's Board brings extensive executive leadership and industry experience.
Ms. Johnson will be a member of the Board's Nominating & Corporate Governance Committee, effective April 27, 2023.
As a non-employee Director, Ms. Johnson will receive compensation as detailed in the 'Director Compensation' section of Johnson & Johnson's 2023 Proxy Statement.
This filing (8-K) solely concerns the appointment of a new director. It does not provide information on recent financial performance or results, which would typically be disclosed in other SEC filings like a 10-Q or 10-K, or through separate earnings releases.