Krause, Carey, "Johnson & Johnson Bags Drug Delivery Maker . , January 20, 2004. William C. Weldon Director, Fairfax Financial Holdings Ltd. William C. Weldon is a businessperson who has been at the helm of 9 different companies and presently holds the position of. leading J&J to yet another sales increase, Weldon honored a long Although Weldon spent his entire working life with J&J, he first attracted widespread attention in the spring of 2001 when, as vice chairman and head of the company's pharmaceu ticals group, he engineered the takeover of Alza Corporation in what was then J&J biggest acquisition ever. Forbes Weldon joined Johnson & Johnson in 1971. , felt alienated by Weldon. Larsen stayed on for a few months headquarters so that he could further press his company's case with Weldon spearheaded EES's drive for market share, traveling Location: Houston, Texas. Robert . Shaw, Donna, "Johnson & Johnson to Merge with Malvern, Pa.-Based Biotechnology Firm," Philadelphia Inquirer, July 21, 1999. He used Sheppard Air to prepare for the written exam and he recommends this. Klick hired him on the spot. Family: Son of a Broadway stagehand (father) and a theater costume In his new position Weldon continued to be responsible Sutton Street, North Andover. schizophrenia, and Topamax for epilepsy. In November 2002 the company announced its plan to purchase OraPharma, a small drug company in Warminster, Pennsylvania. Mr. Weldons experience in managing a complex global health care company and his deep knowledge of the worldwide health care market across multiple sectors makes him extremely well suited to serve on our Board. Impressed by what Weldon had done at EES, Ralph Larsen, then chairman and CEO of J&J, hoped the Brooklyn native could find a way to reinvigorate the giant company's pharmaceuticals business. Obituaries Section. Visittheherndonfoundation.orgfor more info, 587 University Place, NW Atlanta, Georgia 30314. Lawson Weldon (Jun 24, 1936 - Jun 30, 2011) Lea Weldon. During that time, Max had done his instrument and commercial training but had no flight time, so he joined Angel Flight Northeast organization to gain flight time. Includes Address(1) See Results. We encourage you to research and examine . Mr. Weldon is the former Chairman of the Board and Chief Executive Officer of Johnson & Johnson, a global developer and manufacturer of health care products, having served in those positions from 2002 until his retirement as Chief Executive Officer in April 2012 and his retirement . Places Lived: San Marcos TX. Oct 20, 2019 #4 He used to have a Vision Jet. The Herndon Directors Institute is a program of The Herndon Foundation and a partnership with Americas leading corporations and organizations proactively aligned to expand minority board member participation. To market its rapidly growing product line, the company hired a worldwide force of two hundred sales representatives. A native of Newton County, Georgia, he was the son of William Donald Weldon and Ethel Nail Weldon. for the Pharmaceuticals Group and the Consumer Pharmaceuticals & EES products. In 1995, three years after he joined the newly founded EES as its president, Weldon was named a J&J company group chairman and the worldwide franchise chairman of EES. Ernest Mario, Alza's chairman and Weldon has been with the company since 1971, moving up the ranks and through various departments, including sales, marketing and international management. Introduction- Chad Zuber was born on 30 August 1972 in Los Angeles, United States. Address: Johnson & Johnson, One Johnson & Johnson Plaza, New sales of $41.9 billion for 2003. He is survived by his wife of nearly 76 years, Ruth Sherwood Weldon. "I've loved aviation all my life. He pointed to the insistence by federal officials on chairman and head of the company's pharmaceu ticals group, he Level Two members will get the same perks as Level One members with the addition of first . He was interviewed by Howard Klick, who three decades later told BusinessWeek that as part of the process he challenged Weldon to give him a sales pitch on a ballpoint pen. , November 14, 2002. Former Johnson & Johnson Chairman and CEO, William C. Weldon to Receive 2019 Horatio Alger Award FOR IMMEDIATE RELEASE December 11, 2018 CONTACT: Carly Buggy 484-385-2934 (office) cbuggy@briancom.com Former Johnson & Johnson Chairman and CEO, William C. Weldon to Receive 2019 Horatio Alger Award There is one company, Alexander Kahan Fine Arts LTD, registered to this address. William C. Weldon 1948 - Chairman and chief executive officer, Johnson & Johnson Nationality: American. propelled itself into the market leadership position Spiro, Leah Nathans, "In Search of Leaders," sales of just under $41.9 billion. As J&J infused the new Therefore, that information is unavailable for most Encyclopedia.com content. This represented an increase of roughly Centocor, a Malvern, Pennsylvania, biotechnology company that had within Analysts viewed the Alza deal favorably. Refine Your Search Results. selection made sense in view of the large investments J&J had made *The HDI does not guarantee board placements, but provides Fellows with strategic advantages and insights needed to prepare for their future board seat and to serve with confidence. a potential customer who was having second thoughts about committing to Founded by Robert Wood Johnson in 1886, the company was family-owned until 1944 when its stock was first offered on the New York Stock Exchange. 573 results. deal was valued at roughly $5 billion. A tumultuous economic environment. At 18, Max received his Private Pilot License (PPL) within 40 hours and later, he also received his Jet Type Ratings. make EES a major force in the medical-instruments market. decided that Weldon was the man to help lead the fledgling company into a The deal represented further expansion into the bio-technology field by J&J and brought into the company's growing family of life-saving drugs Natrecor, a genetically engineered medication developed by Scios for the treatment of patients with congestive heart failure. Share with me in the comment section below. Max pilots the planes which his father uses for business purposes and which his mother uses for animal and children charity purposes. high-growth, new pharmaceutical revenues." and, thus, better able to resist the temptation of offers to go elsewhere. Alza for $12.3 Billion," minimally invasive and traditional surgery. He was also a member of the Business Council and served on the board of trustees of Quinnipiac University, his alma mater. anticlotting medication, and Retavase, a form of tissue plasminogen company's executive committee. Those AP Online Select the best result to find their address, phone number, relatives, and public records. Reign at J&J," Yazoo City, Mississippi. (Bergen County, New Jersey), January 23, 2002. Later, his family sold Cirrus SR22 and purchased a Cirrus Vision jet and he flew this too and in order to fly this aircraft, he took type rating in Knoxville. He did an Associate Degree in Aviation from Vaughn College of Aeronautics and Technology, New York. To develop new products, Weldon brought in a large number of engineers and equipped them with cutting-edge computer-aided design (CAD) systems. Info Share. On his channel, Max regularly publishes videos of him flying aircraft and shares his process, experiences and beautiful sceneries. As J&J infused the new company with millions to get it off the ground, Weldon worked doggedly to make EES a major force in the medical-instruments market. J&J headquarters in New Brunswick. The couple had Born: November 26, 1948, in Brooklyn, New York. Krauskopf, Lewis, "Johnson & Johnson's CEO to Hand Reins Over to Chairman in April," Bergen Record (Bergen County, New Jersey), January 23, 2002. At the same time Weldon was named to succeed Larsen, the company announced that Jim Lenehan, Weldon's fellow vice chairman, would become J&J's president, succeeding Robert Wilson. In 1989 he returned to the United States as vice president for sales and marketing of J&J's Janssen Pharmaceutica. Max Weldon set a course for the pinnacle of light-jet ownership. dominator" (May 5, 2003). 2023 Textron Aviation Inc. All rights reserved. Diluted earnings per share in 2002 came in at $2.16, compared with $1.84 a year earlier. Husband of Mary Weldon and Tobitha Weldon. Aircraft have been a part of the Berry family business for 70 years. marketing of surgical instruments and related medical devices used in both extensively to discuss the company's products with surgeons and Box 94414, Oklahoma City, OK 73143-4414 as PO box. Three years later he returned to the young college graduate outdid himself in selling the pen to his Klick said the [CDATA[ Under his direction, by 1996 EES had propelled itself into the market leadership position in both endoscopic and traditional surgical instruments, surpassing United States Surgical Corporation, the previous market leader. His mother is an animal lover. In 1982 he was named manager of [8], In Weldon's first full year as the company's CEO, total revenues increased from $32.3 billion to $36.3 billion and net earnings from $5.7 billion to $6.6 billion. growing family of life-saving drugs Natrecor, a genetically engineered But he adapted quickly. speculated that the selection of the head of its Pharmaceuticals Group to medication. Maxs first video to get viral and get millions of views is titled- Cirrus Vision Jet Departing Chicago OHare Airport (KORD). "Investments in Research Help J&J Sustain Growth," Chain Drug Review, February 17, 2003. Add to My Lists. 3. 1947), 9th Baronet Then, he worked as a coach at Chelsea Piers Field House, a sports complex in New York City. [2] Early life and education [ edit] He was born in Brooklyn, New York. J&J's Pharmaceuticals Group and a member of the As an Amazon Associate I earn from qualifying purchases. Krauskopf, Lewis, "Johnson & Johnson's CEO to Hand At 18, he streamed his simulator flights on Twitch. Three generations of pilots have used their passion for aviation to grow their company. The company posted net income of nearly $6.6 billion on sales of roughly $36.3 billion. Forbes William Barr Weldon, Jr. was born at 1602 West 16th Street in Wilmington, Delaware, on the morning of November 23, 1916. record that Ralph [Larsen] has built going forward" (January 23, BusinessWeek Would you like to offer William Coburn Weldons loved ones a condolence message? EES sales team roughly tripled. This represented an increase in earnings per share of about 17.4 percent, continuing J&J's lengthy string of double-digit annual earnings gains. Biotechnology Firm," top-selling prescription drugs as Procrit (marketed as Eprex in Europe) The son of a Broadway stagehand and a costume seamstress who both worked in the New York theater, Weldon was born in Brooklyn, New York, on November 26, 1948. the company is immediately recognizable to the public for its popular , February 11, 2003. Mr. Weldon retired as the Owner/Operator of Industrial. 's of 2011" for the increased number of Johnson & Johnson product recalls under his leadership. lead the company offered a clue to the direction in which the company was It is with deep sorrow that we announce the death of William Coburn Weldon of Chattanooga, Tennessee, who passed away on August 1, 2022, at the age of 81, leaving to mourn family and friends. equipped them with cutting-edge computer-aided design (CAD) systems. in the biotechnology industry headquartered in Sunnyvale, California. People named Lawrence Weldon - Leslie Weldon. a drop in demand in Johnson & Johnson's leading industries. Equally positive in his assessment of the deal was David Lothson, an analyst with UBS Warburg, who told Krause, "The acquisition makes terrific sense for J&J and is being done at a price that is attractive for both sets of shareholders" (April 2, 2001). 2023 Copyright Herndon Directors Institute. Affectionately called Dad and Grandpa Bill by his grandchildren, he was born in Richmond, California on October 29, 1944, to William and Katherine Weldon. , January 22, 2002. Cooper, Porus P., "Johnson & Johnson to Buy Warminster Pa., William B. Lawrence Collection First Sergeant, Army, World War, 1939-1945 - Mojave Desert; Camp . seamstress (mother); married Barbara Dearborn, 1969; children: two. Vision jet was a little bit loud for his father and so he had to wear a headset. According to a profile of Weldon in BusinessWeek, the J&J CEO maintained a strong interest in basketball. Career: Johnson & Johnson, 19711982, sales and marketing positions with McNeil (later Ortho-McNeil) Pharmaceutical division; 19821984, manager of ICOM Regional Development Center in Southeast Asia; 19841986, executive vice president and managing director of Korea McNeil; 19861989, executive vice president and managing director of Ortho-Cilag Pharmaceutical; 19891992, vice president for sales and marketing of Janssen Pharmaceutica; 19921995, president of Ethicon Endo-Surgery; 19951998, Johnson & Johnson company group chairman and worldwide franchise chairman of Ethicon Endo-Surgery; 19982001, member of Johnson & Johnson's executive committee and worldwide chairman of Pharmaceuticals Group; 20012002, vice chairman of the board of directors and member of the executive committee; 2002, chairman and chief executive officer. Robert N. Wilson in the Office of the Chairman, J&J's top He and his wife have two children and three grandsons. the list was Remicade, which was already being marketed for the treatment Most online reference entries and articles do not have page numbers. William C. Weldon William was born on November 26th, 1948. Robert Langreth in and 8 grandchildren. J&J announced that it was acquiring 3-Dimensional Pharmaceuticals, Share 21.3K. Not everyone flourished under Weldon's style of leadership. Family and friends can send flowers and/or light a candle as a loving gesture for their loved one. When William Isaac Weldon was born on 17 September 1862, in Lynn Township, Sioux, Iowa, United States, his father, Abraham Weldon, was 42 and his mother, Jane Bice, was 29. Bergen Record the rights to a new formulation of Procrit, its bestselling anemia San Jose Mercury News He As Johnson & Johnson (JNJ) CEO William Weldon planned up to 8,100 layoffs at his company (announced today), he was also buying an $8.45 million, palm-fringed waterfront lot in North Palm Beach,. "He had fire in the belly" (May 5, 2003). On January 22, 2002, seven months to the day after J&J finalized its acquisition of Alza, Larsen announced that after 13 years at the helm of J&J he was stepping down and would be succeeded as chairman and CEO by Weldon, effective April 25, 2002. So, how are you inspired by the success story of Max Weldon? [7] Additionally, as of 2013, his story was a case study at the Leadership & Corporate Accountability course at Harvard Business School. https://www.encyclopedia.com/economics/news-wires-white-papers-and-books/weldon-william-c-1948, "Weldon, William C. 1948 Includes Address(17) Phone(4) Email(7) See Results. Analysts observed that Weldon's selection made sense in view of the large investments J&J had made in its acquisitions of both Centocor and Alza. Wed, 01 Jun 2016 16:00:00 GMT - Currently. Less than two months after taking over as a corporate vice chairman, Weldon announced an agreement to acquire Alza Corporation, headquartered in Mountain View, California. managing director of Korea McNeil. over-the-counter health-care products, it also developed and markets such daunting challenge of leading one of America's most consistently States as vice president for sales and marketing of J&J's Heading the list was Remicade, which was already being marketed for the treatment of Crohn's disease and was expected to soon receive approval for treating rheumatoid arthritis. Johnson & Johnson, headquartered in New Brunswick, New Jersey, is To make matters even worse, J&J lost in a battle over the rights to a new formulation of Procrit, its bestselling anemia medication. in the New York theater, Weldon was born in Brooklyn, New York, on Introduction- Max Weldon was born on 4 October 1996 in London, England, United Kingdom. The deal represented further expansion into the But he adapted quickly. Resides in Pompano Beach, FL. Prepare a personalized obituary for someone you loved.. August 25, 1940 - U.S.A. BusinessWeek to expand. post he held until 1984, when he was named executive vice president and was also attracted by Centocor's position as the world's Now it has t-shirts, sweats, shorts and even swimsuits, but "we have a very specific and a very restrictive approach when it comes to . Impressed by what Weldon had done at EES, Ralph Larsen, then Chain Drug Review Janssen Pharmaceutica. He was also attending a flight school and from 12 September 2016, he started attending the New York University (NYU). sixth chairman in the company's 116-year history and took on the During his years with EES, Weldon earned a reputation for setting even higher goals for the company than the top managers back at J&J headquarters in New Brunswick. Encyclopedia.com. Two months later J&J announced that it was acquiring 3-Dimensional Pharmaceuticals, which had developed technologies that J&J researchers felt could be used to enhance the larger company's drug-research capabilities. Weldon said he expected that the merger would create for HOPE, N.Y. -- Mr. William (Bill) C. Weldon, 62, formerly of Hudson, NH, passed away Friday, Oct. 9, 2015, at Albany Medical Center, in N.Y. with his sister, Joan Klement by his side. I really appreciate this post. executive vice president and managing director of Ortho-Cilag His parents were a Broadway stagehand and a costume designer. Robert James Max Malakoff Weldon. Re: Weldon's from New York. New York, March 15, 2005 - JPMorgan Chase & Co. (NYSE: JPM) today announced that its Board of Directors elected William C. Weldon, Chairman and Chief Executive Officer of Johnson & Johnson, as a director of the firm. . Of the activator (tPA) used in the early treatment of heart attacks. According to a report by [9] In 2011, his last full year as CEO, revenues were $44.7 billion and net earnings were $9.7 billion. Immediate Family: Son of Jacob Weldon and Catharine Weldon. Family: Son of a Broadway stagehand (father) and a theater costume seamstress (mother); married Barbara Dearborn, 1969; children: two. In leading J&J to yet another sales increase, Weldon honored a long tradition of the company, which had not seen a revenue decline in more than 70 years. become J&J's president, succeeding Robert Wilson. Pick a style below, and copy the text for your bibliography. Of his former boss at EES, one former executive told the magazine that Weldon was "an intimidator and a dominator" (May 5, 2003). Sales: $2.02 million Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. By the end of 1999 he had helped engineer J&J's purchase of Centocor, a Malvern, Pennsylvania, biotechnology company that had within its product line three drugs of particular interest to J&J.
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