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September 8, 2016
Johnson & Johnson’s CFO Dominic Caruso
Featured in Latest Issue of CFO Studio Magazine
SOMERSET, NJ – Dominic Caruso, the chief financial officer of Johnson & Johnson of New Brunswick, NJ, is guided in his decisions by the company’s Credo, penned by General Robert Wood Johnson II in 1943. When he receives a call from the head of one of J&J’s business units asking him to weigh in on an ethical matter, Caruso says that the General’s words, though written in a far different era, signal the right solution.
In the Q4 2016 issue of CFO Studio magazine, a cover story about Caruso’s leadership offers a case in point dating from 2007. Caruso was at that time CFO of the company’s medical devices segment and had to make a decision that was “gut wrenching” and “financially painful,” but was ethically correct. “Our Credo has lots of constituencies: doctors, nurses, patients, employees, and our shareholders. Our shareholders are listed last, but it’s really just another of our responsibilities,” he says in the article.
The cover story also describes Caruso’s role in developing leaders in the finance area, describing J&J’s Finance Leadership Development Program, a two-year rotational program that gives recruits new to public company finance the chance to work in multiple areas of the business in three eight-month assignments.
Other points touched on include Caruso’s thoughts about building long-term value versus reacting to short-term shareholder demands, and the ROI of J&J’s significant sustainability program.
About Johnson & Johnson
Caring for the world, one person at a time, inspires and unites the people of Johnson & Johnson. The company embraces research and science — bringing innovative ideas, products, and services to advance the health and well-being of people. Approximately 126,500 employees at more than 250 Johnson & Johnson operating companies work with partners in health care to touch the lives of over a billion people every day, throughout the world.
About CFO Studio
CFO Studio and CFO Studio magazine deploy the best of new and traditional media to promote finance executives as business and strategy thought-leaders. The magazine, published quarterly by CFO Studio and underwritten by great promotional partners, features business profiles and strategic advice for CFOs in the New York, New Jersey, and major metropolitan areas including Philadelphia and Chicago. Andrew Zezas is the host of CFO Studio and the Publisher of CFO Studio magazine. The company’s third annual CFO Innovation Conference & Awards will be held in spring 2017. Nominations are now open at www.CFOstudio.com
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