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This article was originally published in The Rose Sheet

Executive Summary

Chairman of the Board and CFO Robert Darretta has elected to retire in early 2007 after serving the company for 38 years, Johnson & Johnson reports Oct. 6. Darretta is credited with helping drive the company's finance organization forward with a strong business focus and "has been instrumental in helping the company deliver consistent, sustainable and superior performance," according to CEO William Weldon. Exec will be replaced by VP of J&J's Group Finance organization Dominic Caruso, effective Jan. 1. Caruso will become a member of the executive committee and will report to Weldon, firm notes...



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