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Darretta appreciation day

Executive Summary

Johnson & Johnson's outgoing CFO Robert Darretta is showered with accolades and well wishes from analysts during the company's third quarter earnings call Oct. 17. Effective Jan. 1, J&J VP-Group Finance Dominic Caruso will replace the retiring Darretta (1"The Pink Sheet" Oct. 16, 2006, In Brief). In response to the overwhelming support, Darretta said "well, gee, if I had known there was that much love and support I may have changed my decision!" However, he notes that "by the time I retire next year it's going to be nearly 39 years at J&J, a very full career and time to move onto something else, and give the exceptional talent that we have here at Johnson & Johnson [an opportunity] to contribute in even more important ways." J&J is also facing the loss of Company Group Chairman William McComb, who is taking over as CEO of Liz Claiborne...

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