Johnson & Johnson

Johnson & Johnson's logo

Johnson & Johnson was founded in 1886 and expanded on an international level in 1919. It encompasses a family of 250 companies in 57 countries, and employs 120,500 people worldwide. Johnson & Johnson's sales in 2006 totalled $53.3B.

Johnson’s is an offshoot of Johnson & Johnson, which began with Johnson’s Baby Powder in 1893. Other major launches were BAND-AID Brand Adhesive Bandages in 1921 and TYLENOL from McNeil-PPC, Inc. in 1960.

Johnson and Johnson was ranked: 9th on FORTUNE magazine's America’s Most Admired Companies 2006 list (and second within the pharmaceutical industry category); 4th on FORTUNE magazine’s 2006 Global Most Admired list; and 104th on the 2006 FORTUNE Global 500 list.

Board of Directors

The Board of Directors for Johnson & Johnson in 2007 are listed as...

• Mary Sue Coleman - Audit Committee and the Science & Technology Advisory Committee (elected in 2003). Coleman is a director of the Meredith Corporation, a Trustee of the John S and James L Knight Foundation and the Gerald R Ford Foundation. She is also President of the University of Michigan (since 2002), professor of biological chemistry in the University of Michigan Medical School and a professor of chemistry in the University of Michigan College of Literature, Science and the Arts. She is a Fellow of the American Academy of Arts and Sciences and the American Association for the Advancement of Science. Previous involvements include serving as President of the University of Iowa (1995 to 2002), Provost and Vice President for Academic Affairs at the University of New Mexico, Vice Chancellor for Graduate Studies & Research and Associate Provost and Dean of Research at the University of North Carolina at Chapel Hill, and a member of the biochemistry faculty and an administrator at the Cancer Center of the University of Kentucky in Lexington. Coleman was elected to the National Academy of Sciences' Institute of Medicine in 1997. Businessweek adds that Coleman also serves as Director for Gaylord Container Corp. (since 1996), Detroit Renaissance and Ann Arbor SPARK

• James G Cullen - Presiding Director of the Board, Chairman of the Audit Committee and a member of the Nominating & Corporate Governance Committee (elected in 1995). Coleman is a Director of Neustar Inc., Prudential Life Insurance Company and is a Director and non-executive Chairman of Agilent Technologies Inc.. Cullen's previous invovlement includes serving as President, Vice Chairman and Chief Operating Officer of Bell Atlantic Corporation (now known as Verizon) and President and Chief Executive Officer of Bell Atlantic-New Jersey Inc.. Businessweek. adds that Cullen also served as a Director of Quantum Bridge Communications Inc. and First Fidelity Bancorporation.

• Michael M E Johns - member of the Compensation & Benefits Committee and the Science & Technology Advisory Committee (elected in 2005). Johns also serves as Chancellor of Emory University (since 2007), Immediate Past Chair of the Council of Teaching Hospitals, a fellow of the American Association for the Advancement of Science and a member of the Institute of Medicine. He is a member of the editorial board of the Journal of the American Medical Association (JAMA) and chairs the Publication Committee of the journal Academic Medicine. Dr. Johns is a Director of Genuine Parts Company. Previous involvements include Executive Vice President for Health Affairs and Chief Executive Officer of the Robert W. Woodruff Health Sciences Center, Emory University; Chairman of Emory Healthcare, Emory University; and the Chairman of the Board of Emory Healthcare. Johns also served as Dean of the Johns Hopkins School of Medicine and Vice President of the Medical Faculty at Johns Hopkins University (1990-1996). Businessweek adds that Johns serves as Chairman of the Board of EHCA, LLC, a company overseen jointly by Emory Healthcare and HCA Corporation (Hopsitals Corporation of America?) and served as a Director of Health Management of I-trax Inc. (2000 to 2001).

• Arnold G Langbo - member of the Nominating & Corporate Governance Committee and Chairman of the Compensation & Benefits Committee (elected in 1991). Langbo is a Director of The Hershey Company, Weyerhaeuser Company and Whirlpool Corporation. Previous involvements include serving as Chairman of the Board, President, Chief Operating Officer and CEO for Kellogg Company (involvement commenced in 1956). Businessweek adds that he serves as a Director of Albion College and International Youth Foundation and as Member of the International Advisory Council of CGI Group Inc.

• Susan L Lindquist - Science & Technology Advisory Committee and the Public Policy Advisory Committee (elected in 2004). She is a Trustee of Cold Spring Harbor Laboratories and a Founder of FoldRx Pharmaceuticals Inc.. Lindquist is affiliated with the Whitehead Institute (since 2001) and is a Member of the Howard Hughes Medical Institute (since 2006). Previous involvements include over 20 years service with the University of Chicago, serving as an Investigator in the Howard Hughes Medical Institute. She was elected to the American Academy of Arts and Sciences (in 1996), the National Academy of Sciences (in 1997), the American Philosophical Society (in 2003) and the Institute of Medicine (in 2006). Lindquist received the Dickson Prize in Medicine (2002) and the Novartis Drew Award in Biomedical Research (2000) and in 2002 was named by Discover Magazine as one of the 50 most important women in science. Businessweek adds that Lindquist serves as professor of Biology at Massachusetts Institute of Technology.

• Leo F Mullin - member of the Audit Committee and the Chairman of the Public Policy Advisory Committee (elected in 1999). Mullin serves as a Senior Advisor to Goldman Sachs Capital Partners, is a Director of ACE Limited and the Juvenile Diabetes Research Foundation, and is a member of both The Business Council and the Advisory Board of the Carter Center. Previous involvements include serving as Chief Executive Officer (1997-2004) and Chairman (1999-2004) of Delta Air Lines Inc. and serving as Vice Chairman of Unicom Corporation and its principal subsidiary, Commonwealth Edison Company, (1995-1997). Mullin was also an executive of First Chicago Corporation from 1981 to 1995 (company President and Chief Operating Officer 1993-1995) and was Chairman and Chief Executive Officer of American National Bank (a subsidiary of First Chicago Corporation) from 1991 to 1993. Businessweek adds that Mullin also served as Chief Executive Officer and Chairman of Consolidated Rail Corp. and McKinsey and Company (Since 2004), Chairman of the Board of Trustees of the Field Museum of Natural History, Vice Chairman of the Chicago Urban League and is Chairman of the International Air Transport Association. Mullin has been a Director of Cooper-standard Holdings Inc. (since 2005) and of BellSouth Corp., (since 1998). He has been Director of AT&T Southeast (since 1998), HBI (Hanesbrand Inc.?) since 2007 and Alltel Corporation since 2007. Mullin serves as Director of Education Management Finance Corp., Euramax Holdings and Hawker Beechcraft Acquisition Company. He serves as a Director of The Children's Memorial Hospital, is a Trustee of Northwestern University and is a Member of The Business Council and The Business Roundtable.

• William D Perez - member of the Compensation & Benefits Committee and the Public Policy Advisory Committee (elected in 2007). Perez is President and CEO of the Wm. Wrigley Jr. Company (since 2006), is a Director of Hallmark Cards Inc., the Grocery Manufacturers Association and Cornell University Council. He was previously President and CEO of Nike Inc, served with SC Johnson and Son Inc. for 34 years (serving 8 years as President and CEO). Businessweek adds that Perez served as a Director of May Department Stores Co. (1998 to 2004) and the Kellogg Company (2000 to 2006).

• Charles Prince - Compensation & Benefits Committee and the Nominating & Corporate Governance Committee (elected in 2006). Prince is Chief Executive Officer (since 2003) & Chairman (since 2006) of Citigroup Inc. He is a member of the Council on Foreign Relations, The Business Council and The Business Roundtable. Prince is also on the Board of Trustees of The Julliard School and The Weill Cornell Medical College. Prince's previous involvements include serving as Chairman, CEO & Chief Operating Officer with Citigroup's Global Corporate & Investment Bank (2000-2003). Prince began his career as an attorney at U.S. Steel Corporation (in 1975) and in 1979 joined Commercial Credit Company (a predecessor company to Citigroup) where he became Executive Vice President in 1995. Businessweek adds that Prince serves as Co-Chairman and Director of The Partnership for New York City Inc, Director of the National Academy Foundation, a member of the Board of Directors of the New York Urban League, the United Negro College Fund and Teachers College, Columbia University. He is also a member of the advisory council with the Business Round Table Institute for Corporate Ethics.

• Christine A Poon - elected to the Board of Directors in 2005. Poon has worked with Johnson & Johnson since 2000, first as Company Group Chairman in the Pharmaceuticals Group, then as a Member of the Executive Committee and Worldwide Chairman for J&J Pharmaceuticals Group in 2001. In 2003 she was named Worldwide Chairman (Medicines & Nutritionals) and was appointed Vice Chairman in 2005. Poon is also a Director at Fox Chase Cancer Center and Prudential Life Insurance Company. Previous involvements include 15 years service in management positions with Bristol-Myers Squibb Company. Businessweek adds that Poon serves as Member of the Board of Directors of US-China Business Council and is a Member of the Advisory Board of the Healthcare Businesswomen's Association.

• Steven S Reinemund - Chairman of the Nominating & Corporate Governance Committee and member of the Audit Committee (elected in 2003). Reinemund is a Director of American Express Company, Exxon Mobil Corporation and Marriott International Inc.. He also serves as Chair of the National Minority Supplier Development Council and as a Trustee of the United States Naval Academy Foundation. Previous involvements include serving as Executive Chairman (2006-2007), CEO (2001-2006), Director (elected in 1996) and President & Chief Operating Officer (1999-2001) with PepsiCo. Reinemund began his career with PepsiCo in 1984 at Pizza Hut Inc. and held various management positions until 1992 when he became President and Chief Executive Officer of Frito-Lay Inc. (a PepsiCo brand), and Chairman and Chief Executive Officer of the Frito-Lay Company in 1996. Businessweek adds that Reinemund was involved with The Salvation Army on the National Advisory Board (1990-1999) & as Chairman (1996-1999). In 1998, he was awarded an Excellence in Board Leadership Award from The National Assembly of National Voluntary Health and Social Welfare Organizations.

• David Satcher - Chairman of the Science & Technology Advisory Committee and a member of the Public Policy Advisory Committee (elected in 2002). Satcher is a Director of MetLife Inc. and is Co-Chair of the Advisory Committee on Public Issues of the Ad Council. He serves on the Boards of Action for Healthy Kids, American Foundation for Suicide Prevention, Kaiser Family Foundation and Task Force on Child Survival. He is a fellow of the American Academy of Family Physicians, the American College of Preventive Medicine and the American College of Physicians. Satchers previous involvements include serving as President & Director at the Morehouse School of Medicine. He also served as the U.S. Assistant Secretary for Health (1998-2001), Director of the Centers for Disease Control and Prevention, Administrator of the Agency for Toxic Substances and Disease Registry (1993-1998) and as President of Meharry Medical College in Tennessee (1982-1993). In 2002, Satcher completed his four-year term as the Surgeon General of the United States. He has received awards, including the Jimmy and Rosalynn Carter Award for Humanitarian Contributions to the Health of Humankind, the New York Academy of Medicine Lifetime Achievement Award and the National Association of Mental Illness Distinguished Service Award. Businessweek adds that Satcher also serves as a Commissioner on social determinants of health with the World Health Organization (since 2005), is a Director for Metropolitan Life Insurance Company (since 2007) and as Director of STARBRIGHT Foundation.

• William C Weldon - Vice Chairman (elected in 2001). Weldon has worked with Johnson & Johnson since 1971 (in sales, marketing and international managements positions). He became President of J&J subsidiary Ethicon Endo-Surgery (in 1992) and Company Group Chairman (in 1995). Weldon was appointed to the Executive Committee and named Worldwide Chairman of J&J Pharmaceuticals Group in 1998. He also werves as a Director of J P Morgan Chase & Co., is the Vice Chairman of The Business Council and a member of the Sullivan Alliance to Transform America's Health Profession. Weldon is also a Trustee of Quinnipiac University, serves on the Liberty Science Center Chairman's Advisory Council and is Chairman of the CEO Roundtable on Cancer. Businessweek adds that Weldon's involvement with Johnson & Johnson has also included serving as CEO with subsidiaries DePuy Spine Inc. and Splenda Inc. Weldon also served as a Member of the Board of Directors, Executive Committee member and Chairman of the Pharmaceutical Research and Manufacturers of America and is a member of the Sullivan Commission on Diversity in the Healthcare Workforce.

Subsidiaries

In 2007, Johnson & Johnson operate a vast number of subsidiaries,including the following based in the UK: DePuy UK Holdings Ltd., DePuy International Ltd., DePuy International (Holdings) Ltd., High Wycombe Property Management Ltd. Janssen-Cilag Ltd., Johnson & Johnson Medical Ltd., Johnson & Johnson Swiss Finance Company Ltd., Lifescan Scotland Ltd., McNeil Healthcare (UK) and Ortho-Clinical Diagnostics

The full list of subsidiaries are listed on their website. Further information on their subsidiaries can be found on their webpage Company Web Sites

Political Action Committee

Johnson & Johnson Political Action Committee (JJPAC) acts as a medium in which employees 'voluntarily' donate political contributions to political candidates. Johnson & Johnson website describe the JJPAC as a way of offering 'eligible employees a direct means to voluntarily participate in shaping sound public policy and voicing views on issues related to our businesses'. Johnson & Johnson state that 'we believe that it is important to encourage the development of sound public policy'. What do they mean by 'sound public policy'? The website goes on to state that they seek to support candidates who not only recognise the importance of medical innovations but who are also keen advocates of the free market.

In 2006, the Federal Election Commission list Johnson & Johnson as amongst the top 50 Corporate Contributers (number 47) having contributed a total of $542,000 during 2005/06.

Public Relations and Business Intelligence

Johnson & Johnson is a client of Rabin Strategic Partners (a full-service consulting, public relations and communications firm).

Johnson & Johnson is listed as a client for Business Insights

In 2008, Johnson & Johnson are listed as a client of Innovex, the MWW Group, The Gorlin Group and as a member of the American Benefits Council

External Links

• Johnson & Johnson Family of Companies Accessed 24th December 2007.
• JOhnson & Johnson Company Web Sites Accessed 24th December 2007.