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James Lenehan for hire?

This article was originally published in The Gray Sheet

Executive Summary

Departure of Johnson & Johnson vice chairman and president at the end of June could provide large device or consumer healthcare companies with an ideal candidate for a top management position. Lenehan served as worldwide chairman of J&J's medical devices and diagnostics group from 1999 until 2001. In his previous capacity as worldwide chairman of the firm's consumer pharmaceuticals and professional group, Lenehan oversaw the $3.5 bil. purchase of DePuy; his board resignation becomes effective Feb. 1. In a Jan. 15 statement, Lenehan, 55, says, "it's a wonderful time to consider doing something else"...



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