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Johnson & Johnson’s Executive Vice President, Chief Human Resources Officer Peter Fasolo to Retire; Kristen Mulholland Named Chief Human Resources Officer, Effective October 1, 2024

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Johnson & Johnson (NYSE: JNJ) announced leadership changes in its Human Resources department. Dr. Peter M. Fasolo, Executive Vice President and Chief Human Resources Officer, will retire at the end of 2023 after 16 years with the company. He will be succeeded by Kristen Mulholland, effective October 1, 2024.

Mulholland, a veteran J&J employee since 2005, will also join the Executive Committee. She has held various HR leadership positions across the company's sectors and most recently served as Head of Human Resources, Global Total Rewards & Enterprise HR Functions.

During his tenure, Fasolo strengthened J&J's global Diversity, Equity & Inclusion outcomes, expanded employee benefits, and transformed the HR function's talent and leadership strategy. The transition period will allow for a smooth handover of responsibilities.

Johnson & Johnson (NYSE: JNJ) ha annunciato cambiamenti nella leadership del suo dipartimento Risorse Umane. Il Dr. Peter M. Fasolo, Vicepresidente Esecutivo e Direttore delle Risorse Umane, andrà in pensione alla fine del 2023 dopo 16 anni con l'azienda. Sarà succeduto da Kristen Mulholland, a partire dal 1° ottobre 2024.

Mulholland, un'esperta dipendente J&J dal 2005, entrerà anche a far parte del Comitato Esecutivo. Ha ricoperto varie posizioni di leadership nelle Risorse Umane in diversi settori dell'azienda e di recente ha lavorato come Responsabile delle Risorse Umane, Premi Totali Globali e Funzioni HR Aziendali.

Durante il suo mandato, Fasolo ha rafforzato i risultati globali in materia di Diversità, Equità e Inclusione di J&J, ampliato i benefici per i dipendenti e trasformato la strategia di talento e leadership del dipartimento HR. Il periodo di transizione consentirà un passaggio fluido delle responsabilità.

Johnson & Johnson (NYSE: JNJ) anunció cambios en el liderazgo de su departamento de Recursos Humanos. El Dr. Peter M. Fasolo, Vicepresidente Ejecutivo y Director de Recursos Humanos, se retirará a finales de 2023 después de 16 años en la empresa. Será sucedido por Kristen Mulholland, a partir del 1 de octubre de 2024.

Mulholland, una veterana empleada de J&J desde 2005, también se unirá al Comité Ejecutivo. Ha ocupado varios puestos de liderazgo en Recursos Humanos en los diferentes sectores de la compañía y, más recientemente, se desempeñó como Jefa de Recursos Humanos, Recompensas Totales Globales y Funciones de Recursos Humanos Empresariales.

Durante su mandato, Fasolo fortaleció los resultados globales de Diversidad, Equidad e Inclusión de J&J, amplió los beneficios para empleados y transformó la estrategia de talento y liderazgo del departamento de Recursos Humanos. El periodo de transición permitirá una entrega fluida de responsabilidades.

존슨 & 존슨 (NYSE: JNJ)은 인사 부서의 리더십 변화를 발표했습니다. 피터 M. 파솔로 박사는 2023년 연말에 16년간의 재직을 마치고 은퇴할 예정입니다. 그 뒤를 이어 크리스틴 멀홀랜드가 2024년 10월 1일부터 새로 취임할 것입니다.

멀홀랜드는 2005년부터 J&J에서 근무해온 베테랑으로, 경영진 위원회에도 합류하게 됩니다. 그녀는 회사의 다양한 부서에서 여러 인사 리더십 직책을 역임했으며, 최근에는 글로벌 총 보상 및 기업 HR 기능의 인사 책임자로 활동하고 있었습니다.

파솔로 박사의 재임 기간 동안 J&J의 글로벌 다양성, 형평성 및 포용성 결과를 강화하고, 직원 혜택을 확장하며, HR 부서의 인재 및 리더십 전략을 변화시켰습니다. 이행 기간은 책임의 원활한 인수인계를 가능하게 할 것입니다.

Johnson & Johnson (NYSE: JNJ) a annoncé des changements de leadership dans son département des Ressources Humaines. Le Dr. Peter M. Fasolo, Vice-Président Exécutif et Directeur des Ressources Humaines, prendra sa retraite à la fin de 2023 après 16 ans au sein de l'entreprise. Il sera remplacé par Kristen Mulholland, à compter du 1er octobre 2024.

Mulholland, employée expérimentée de J&J depuis 2005, rejoindra également le Comité Exécutif. Elle a occupé divers postes de direction dans le domaine des ressources humaines à travers les secteurs de l'entreprise et a récemment été responsable des ressources humaines, des avantages globaux et des fonctions RH d'entreprise.

Au cours de son mandat, Fasolo a renforcé les résultats mondiaux en matière de diversité, d'équité et d'inclusion de J&J, élargi les avantages des employés et transformé la stratégie de talent et de leadership du département des RH. La période de transition permettra une passation de responsabilités en douceur.

Johnson & Johnson (NYSE: JNJ) hat Veränderungen in der Führungsriege seiner Personalabteilung bekannt gegeben. Dr. Peter M. Fasolo, Executive Vice President und Chief Human Resources Officer, wird Ende 2023 nach 16 Jahren im Unternehmen in den Ruhestand gehen. Sein Nachfolger wird Kristen Mulholland sein, die am 1. Oktober 2024 in Kraft tritt.

Mulholland, eine erfahrene Mitarbeiterin von J&J seit 2005, wird ebenfalls dem Vorstand beitreten. Sie hatte verschiedene Führungspositionen im Bereich Personalwesen in den verschiedenen Unternehmensbereichen inne und war zuletzt Leiterin für Personal, globale Gesamtdienstleistungen und Unternehmens-Personalabteilungen.

Während seiner Amtszeit stärkte Fasolo die globalen Ergebnisse in Bezug auf Vielfalt, Gleichstellung und Inklusion von J&J, erweiterte die Mitarbeiterbenefits und transformierte die Strategie für Talent und Führung der Personalabteilung. Der Übergangszeitraum wird eine reibungslose Übergabe der Verantwortlichkeiten ermöglichen.

Positive
  • Smooth leadership transition planned with overlap period
  • Internal promotion of Kristen Mulholland indicates strong succession planning
  • Mulholland's appointment to the Executive Committee strengthens HR representation at the highest level
Negative
  • None.

NEW BRUNSWICK, N.J.--(BUSINESS WIRE)-- Johnson & Johnson (NYSE: JNJ) today announced that Dr. Peter M. Fasolo will retire from his position as Executive Vice President, Chief Human Resources Officer at the end of this year, following 16 years of leadership and service to the Company. Throughout his distinguished career, Dr. Fasolo has worked with the organization’s Board of Directors and partnered with three company CEOs to shape and grow the Company’s human capital strategy.

He will be succeeded in this role by Kristen Mulholland, a strong Credo-based leader who has had an exceptional career with depth and breadth across the Company’s Innovative Medicine and MedTech sectors, managed business unit HR for the Company’s global corporate functions, and has led Corporate HR Services including Performance and Development and most recently Global Total Rewards. Ms. Mulholland will also be appointed as a member of Johnson & Johnson’s Executive Committee, effective October 1, 2024. Dr. Fasolo and Ms. Mulholland will work together during a transition period until Dr. Fasolo’s retirement at the end of this year.

“Peter has led J&J’s talent strategy for the past 16 years including remarkable leadership through the global pandemic and the separation of our consumer health business,” said Joaquin Duato, Chairman and Chief Executive Officer, Johnson & Johnson. “Throughout his career, Peter has always led with two principles in the forefront of every decision and recommendation – Our Credo values and a deep responsibility to our employees. He leaves a legacy of strong leaders, deep bench strength and an inclusive, caring and patient-focused culture.”

Dr. Fasolo first joined Johnson & Johnson in 2004 as Worldwide Vice President, Human Resources in the MedTech segment. He also served as the Company’s Chief Talent Officer with responsibility for executive assessment and development. Dr. Fasolo became J&J’s CHRO and a member of the Executive Committee in 2010 and has transformed the HR function’s talent and leadership strategy. During his tenure, he strengthened the Company’s global Diversity, Equity & Inclusion outcomes and expanded employee benefits and policies by increasing paid time off for leaves such as military, parental, bereavement, volunteerism and mental well-being, and promoted a healthy workforce. In recognition of his contributions to the Human Resources profession and commitment to the well-being of our employees, Dr. Fasolo was named a National Academy Human Resources Fellow in 2017 and Human Resource Executive’s HR Executive of the Year in 2022.

Kristen Mulholland has been with Johnson & Johnson since 2005. Ms. Mulholland has held HR leadership positions in the Company’s corporate services, global functions and the MedTech and Innovative Medicines sectors across commercial and R&D and helped establish the Company’s Innovation Centers. In her most recent role as Head of Human Resources, Global Total Rewards & Enterprise HR Functions at Johnson & Johnson, Ms. Mulholland worked closely with the Board of Directors supporting the Compensation & Benefits Committee and played a key role in the separation of the consumer business to form Kenvue.

“I’m pleased to appoint Kristen to this important role where she will apply her deep business acumen, talent expertise and Credo-based approach to advance J&J’s culture and operating model,” said Mr. Duato. “I’m confident her breadth of experience and strong leadership will ensure Johnson & Johnson’s human capital strategy is poised to deliver the innovative future-ready talent and culture needed to advance healthcare solutions for patients worldwide.”

About Johnson & Johnson

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com/.

Media:

Joshina Kapoor

media-relations@its.jnj.com

Source: Johnson & Johnson

FAQ

When will Peter Fasolo retire as Johnson & Johnson's (JNJ) Chief Human Resources Officer?

Peter Fasolo will retire from his position as Executive Vice President and Chief Human Resources Officer at Johnson & Johnson (JNJ) at the end of 2023.

Who will succeed Peter Fasolo as Johnson & Johnson's (JNJ) new Chief Human Resources Officer?

Kristen Mulholland will succeed Peter Fasolo as Johnson & Johnson's (JNJ) new Chief Human Resources Officer, effective October 1, 2024.

Will Kristen Mulholland join Johnson & Johnson's (JNJ) Executive Committee?

Yes, Kristen Mulholland will be appointed as a member of Johnson & Johnson's (JNJ) Executive Committee, effective October 1, 2024.

How long has Peter Fasolo been with Johnson & Johnson (JNJ)?

Peter Fasolo has been with Johnson & Johnson (JNJ) for 16 years, joining the company in 2004 and becoming CHRO in 2010.

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