Johnson & Johnson , To Split Into 2 Companies.<br />Plans to split the company <br />were announced Nov. 12.<br />Johnson & Johnson is the maker of a number of popular consumer products such as Band-Aid and Aveeno.<br />In recent years, the company has also entered into the pharmaceutical and medical device industries, and developed a COVID-19 vaccine.<br />Outgoing Johnson & Johnson CEO Alex Gorsky explained the move in a message to shareholders. .<br />Following a comprehensive review, the board and management team believe that the planned separation of the consumer health business... , Alex Gorsky, Johnson & Johnson CEO, <br />via NBC News.<br />... is the best way to accelerate our efforts to serve patients, consumers and healthcare professionals, ... , Alex Gorsky, Johnson & Johnson CEO, <br />via NBC News.<br />... create opportunities for our talented global team, drive profitable growth, .., Alex Gorsky, Johnson & Johnson CEO, <br />via NBC News.<br />... and – most importantly – improve healthcare outcomes for people around the world, Alex Gorsky, Johnson & Johnson CEO, <br />via NBC News.<br />Share value of the <br />company increased <br />with the news.<br />It’s in the best long-term interest of all our stakeholders, Alex Gorsky, Johnson & Johnson CEO, <br />via NBC News.<br />On 'Squawk Box,' Gorsky also explained that the <br />strategy is meant to sustain Johnson & Johnson's <br />place in global markets.<br />On 'Squawk Box,' Gorsky also explained that the <br />strategy is meant to sustain Johnson & Johnson's <br />place in global markets.<br />Our goal is really to create two global leaders – a pharmaceutical and medical device business that has great potential today... , Alex Gorsky, Johnson & Johnson CEO, <br />via NBC News.<br />... and of course, the consumer business that’s got iconic brands, Alex Gorsky, Johnson & Johnson CEO, <br />via NBC News.<br />The new names <br />of the two companies <br />have yet to be announced
