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J&J’s chief scientific officer to retire this year By Reuters

© Reuters. FILE PHOTO: Johnson & Johnson firm places of work are proven in Irvine, California, U.S., October 14, 2020. REUTERS/Mike Blake

(Reuters) -Johnson & Johnson mentioned on Tuesday Chief Scientific Officer Paul Stoffels, who spearheaded the event of the corporate’s single-shot COVID-19 vaccine, will retire on the finish of this 12 months.

The healthcare conglomerate didn’t instantly identify Stoffels’ successor.

The announcement marks the second prime administration change at J&J (NYSE:) in current months. In August, the corporate mentioned Joaquin Duato will succeed long-standing Chief Government Officer Alex Gorsky.

Stoffels, who labored at J&J’s Janssen unit within the early Nineties, re-joined J&J in 2002 when the drugmaker acquired Virco and Tibotec, a Belgium-based drug developer, to develop its pipeline for HIV medicine.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.