Johnson & Johnson Executives Step Down from Kenvue Board of Directors

Following the sale of Johnson & Johnson’s remaining stake in Kenvue in May 2024, Peter M. Fasolo, Ph.D., and Joseph J. Wolk, current Johnson & Johnson executives, will resign from the board, effective December.

Kenvue Inc. has implementation of a board of directors succession process, in-line with the company’s commitment to best-in-class corporate governance and independent board oversight.

Following the implementation of this board succession process, Kenvue expects the board to be composed of 11 directors— 10 of whom will be independent— as of the company’s 2025 annual meeting of shareholders.

New Independent Directors

The board has appointed Kathleen M. Pawlus and Kirk L. Perry as new independent directors, effective Aug. 15, and Dec. 1, respectively.

Pawlus brings over 40 years of audit, finance, strategy, mergers and acquisitions, quality, information technology and administration experience to the company, having previously served as a partner at Ernst and Young, LLP and chief financial officer and chief operating officer of its global assurance group. Upon joining the board, Pawlus will serve as a member of the audit committee.

Perry currently serves as president and CEO of Circana, a global provider of technology, data, and predictive analytics for the consumer, retail and media sectors. He is a seasoned consumer products and brand strategist, with more than 30 years of consumer-packaged goods and technology experience at Procter & Gamble and Google. Upon joining the board, Perry will serve as a member of the compensation and human capital committee.

Said Larry Merlo, chair, Kenvue board of directors, “Entering our second year as an independent public company, our board succession process will ensure our board of directors further strengthens our diverse mix of backgrounds and skills – as well as independent director oversight – as our leadership executes our revenue and margin growth plan and we maintain our commitment to and focus on driving shareholder value.”