Johnson & Johnson has appointed Joseph Wolk as new Executive Vice President, Chief Financial Officer, effective July 1, 2018.

Wolk, currently Vice President of Johnson & Johnson Investor Relations, will succeed Dominic Caruso, who this week announced his retirement after a successful 19-year career with the company.

Alex Gorsky, Chairman and Chief Executive Officer of Johnson & Johnson, said, “During his nearly 12 years as CFO, Dominic provided Credo-based leadership and financial stewardship through the economic downturn and was instrumental in helping the Company deliver significant gains over the past five years. Dominic made a big impact inside our company, and he is well-respected throughout our industry.  We wish Dominic, his wife, Debbie, and their family the very best in the years ahead.”

During Caruso’s leadership the company made three of its largest acquisitions in Actelion, Synthes and Pfizer Consumer Health. Wolk and Caruso are said to be working closely during the six-month crossover period.

Speaking of Wolk’s appointment, Gorsky continued, “Joe is a strong, collaborative, Credo-based leader who has a long track record of success, most recently as head of Investor Relations.  In this role, he quickly developed relationships with the investment community and has proven business acumen as well as a deep understanding of the many facets of Johnson & Johnson.”