JPMorgan adds former J&J chief Gorsky to board

(Reuters) – JPMorgan Chase & Co said on Tuesday Alex Gorsky, former chief executive officer of Johnson & Johnson, has been elected as a director of the bank.

Gorsky had helped establish J&J as a major player in the rare diseases market and led the development of the healthcare giant’s first single-shot COVID-19 vaccine.

As CEO, Gorsky also had to steer the company through some high-profile crises, including allegations that its Baby Powder contained cancer-causing asbestos and litigation that alleged it contributed to the opioid epidemic in the United States.

Gorsky, currently an executive chairman at J&J, had handed over the reins in January this year after almost a decade at the role.

His appointment at JPMorgan is effective immediately, the company said. He also sits on the boards of Apple Inc and IBM Corp.

(Reporting by Niket Nishant in Bengaluru; Editing by Devika Syamnath)