William C. Weldon is Chairman and Chief Executive Officer of Johnson & Johnson,[1] just the sixth Chairman in Johnson & Johnson's over one-hundred year history.[2]
He was born on November 26, 1948 in Brooklyn, New York. His parents were a Broadway stage-hand and a costume designer. He married his high school sweetheart, Barbara, in 1969 and fathered two children. He received a BA in Biology from Quinnipiac University in 1971.[3] Weldon has spent his entire working life at J&J. He joined J&J as a sales representative for the McNeil Pharameutical division in 1971 and eventually became the head of J&J's Ethicon Endo-Surgery business in 1992. He became the head of J&J's pharmaceutical operations in 1998 and then became J&J's CEO in 2002. As CEO, Weldon engineered some of the largest acquisitions in J&J's history including the purchase of Alza and Pfizer's consumer-health product line.[4]
In 2008, Weldon earned a total compensation of $29,392,224, which included a base salary of $1,792,019, stock awards of $2,452,129, option awards of $4,244,152, and non-equity incentive plan compensation of $8,972,360. His total compensation decreased by 7.9% compared to the year before.[5]
Weldon also sits on the JPMorgan Chase & Co. Board of Directors.
References
- ^ William C. Weldon, Business Week
- ^ J&J Company History, Johnson & Johnson website
- ^ http://www.quinnipiac.edu/x55.xml
- ^ Business Biographies: William C. Weldon at Answers.com
- ^ "William C. Weldon's Compensation in 2008". The Globe Opinion. http://theglobeopinion.com/compensation/william-c-weldon. Retrieved 2009-05-19.
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