Chairman Dormer quits Johnson & Johnson devices over improper payments
This article was originally published in Clinica
Executive Summary
Michael Dormer has retired as chairman of Johnson & Johnson's medical devices and diagnostics business in connection with improper payments made by subsidiaries of the company "in two small-market countries". The company named Nicholas Valeriani, formerly chairman of cardiovascular devices and diagnostics at the company, as his replacement. His appointment is effective immediately.