Mr. Caruso has been with J&J since 1999, and he took on the CFO role in 2007, making him the company’s longest-standing CFO.
“During his nearly 12 years as CFO, Dominic provided Credo-based leadership and financial stewardship through the economic downturn and was instrumental in helping the company deliver significant gains over the past five years,” CEO Alex Gorsky said in a statement to CNBC, using credo to refer to J&J’s code of ethics.
Mr. Wolk is set to begin his new role July 1. He’s been with J&J since 2004 and previously served as vice president of finance and CFO of the company’s pharmaceutical arm, Janssen.
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