Please login to the form below

Not currently logged in
Email:
Password:

J&J loses Sheri McCoy after failed CEO bid

Takes role at Avon after losing out to Alex Gorsky

Sheri McCoy - AvonJust weeks after missing out on the chief executive position at Johnson & Johnson (J&J), Sheri McCoy has decided to leave the company and take up the role of CEO at beauty products firm Avon.

McCoy resigned her position as vice chairman of J&J's executive committee after 20 years' service and will leave on April 18.

Last month, J&J picked Alex Gorsky over McCoy to succeed long-serving CEO William Weldon when the latter officially stands down at the company's annual shareholders' meeting on April 26, marking the culmination of a two-year selection process.

Gorsky will take over the management of those directly reporting to McCoy, effective immediately, said the firm.

McCoy's departure thins the already lean ranks of women among the top managerial positions in big pharma, although the gender gap is less stark among smaller biopharmaceutical companies.

She was a member of a fairly select group which also included the likes of GSK's Deirdre Connelly, president, North American pharmaceuticals, Takeda subsidiary Millennium Pharma's president and CEO Deborah Dunsire, and Pfizer's chief medical officer Freda Lewis-Hall.

In a statement, Weldon said that McCoy "has made important contributions across J&J throughout her career", which began as a scientist in the consumer R&D organisation in 1982. 

"During these last several years, she was instrumental in helping to bring stronger strategic focus to our pharmaceutical business as it builds a robust pipeline and launches important new medicines; and to our consumer business as it leverages the success of its iconic brands and worked to resolve some recent challenges," he added.

McCoy takes over the helm at Avon as the beauty products company has just rejected a $10bn takeover offer from rival company Coty.

10th April 2012

Share

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
Pegasus

Pegasus inspires healthy decisions through creative, inspirational and integrated communications. Working with ambitious clients, we deliver big ideas and far-reaching...

Latest intelligence

patients
Retaining reader value in plain language summaries of clinical studies
Balancing the risk of misinterpretation with the public’s ability to understand simplified plain-language summaries...
Can we talk about the ego-bias and chemicals influencing your target audience’s behaviour?
Over the Summer, the Page & Page team became fascinated by two books on this very subject. Two books from one author, Dean Burnett, an eminent neuroscientist, lecturing at Cardiff...
Paris
Making Europe a leader in bioscience: boosting trust and opening minds
A vision of Paris as Europe's leading hub for life sciences innovation...

Infographics