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NEW BRUNSWICK, NJ—The new chief executive of Johnson & Johnson, Alex Gorsky, announced at the company’s shareholders meeting on April 26 that he would make their customers the first priority, according to a report on MyCentralJersey.com.
In a separate article, MyCentralJersey.com reported that seven different organizations protested the annual shareholders meeting, held at the at the Hyatt Regency Hotel on Albany Street.
Gorsky is taking over for former CEO William Weldon, who ran the company as it came under fire for various lawsuits over the drug Risperdal. Lawsuits challenging the way the drug was marketed were filed by several states and the federal government. Currently, the State of Arkansas won a $1.1B judment from the company last month.
And NewBrunswickToday.com reported that the company is looking at a $1.8B bill to settle the federal government’s claims against Risperdal.
Handling the lawsuits will be one of the many challenges Gorsky has to face during tenure as CEO of the world’s largest pharmaceutical corporation.