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J&J board picks CEO to replace retiring chairman

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NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson Chairman Bill Weldon will step down from that post in late December and the world's biggest maker of health products has picked new CEO Alex Gorsky to replace him. The New Brunswick, N.J., company had named Gorsky, 52, as CEO earlier this year, replacing Weldon. J&J said Friday that Weldon will step down Dec. 28 as chairman and then retire in...