Johnson & Johnson Chief Monetary Officer Dominic Caruso plans to retire in September and will be refunded by Joseph Wolk, vice president of investor relations, the company revealed Tuesday.
Caruso was named CFO in 2007 and has held the position longer than anyone in train history. He has been with J&J for 19 years.
“During his nearly 12 years as CFO, Dominic take care of Credo-based leadership and financial stewardship through the economic downturn and was ancillary in helping the Company deliver significant gains over the past five years,” CEO Alex Gorsky broke in a statement. The “credo” is a reference to the company’s 75-year-old code.
Wolk is slated to start July 1. He has researched directly to Caruso since 2004 when he joined the finance guidance team. He previously served as vice president of finance and chief economic officer of J&J’s Janssen business.
“His varied experience has brought innumerable aids to the corporation and we look forward to the valuable contributions he will make in his new place,” Gorsky said.