Johnson & Johnson (JNJ) CEO Talks About Turn Around In Their Consumer Segment Business

Drug major Johnson & Johnson (NYSE:JNJ) Chairman of the Board, Chief Executive Officer Alex Gorsky in a wide ranging interview with Carol Massar of Bloomberg TV on its “Bloomberg West” program shared his firm’s road map to grow the business over the next few years via strategic acquisitions and his plans to streamline operations by going in for divestures to help increase share holder value.

Johnson & Johnson (JNJ)

The $291.17 billion market capped Johnson & Johnson (NYSE:JNJ) has a complex business which is divided into three major segments. Of these segments, the interviewer kick-started her interview by quizzing Mr Alex Gorsky about the status of it’s under pressure Consumer segment business, which had come under public scrutiny for recall of products.

 Mr Gorsky went on to underline that Johnson & Johnson (NYSE:JNJ) “is very committed to the consumer segment” and the segment “plays an important role in the company’s business”. He then went on to express his happiness at the steps taken by the company to “remediate the over the counter products in North America” by stating that, “I am very impressed with the progress that the division has made over the past few years.”

The Chief executive then went on to spell out how Johnson & Johnson (NYSE:JNJ) operates in a different manner today in comparison to the 2008 and 2009 time frame, when the drug major was hit by a spate of product recalls. The changes listed out include the complete revamp of the “supply chain and quality measurement systems.” The changes centered on more “centralized operations of the quality department, standardization of the manufacturing process and increased checks and balances across the organization”.

Mr Gorsky then went on to acknowledge that, “We are seeing results of those hard work and efforts now. We saw an impressive 9 percent increase in the OTC numbers in North America this quarter.”

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!