CD&R Adds J&J Operating Pro

Clayton, Dubilier & Rice today has added Sandra Peterson, former group worldwide chairman of Johnson & Johnson, as an operating partner. Ms. Peterson joins CD&R after a long, successful career driving innovation and improved operational performance across large, global businesses.

From 2012 to 2018, Ms. Peterson led Johnson & Johnson’s consumer and medical devices businesses and was responsible for the corporation’s global supply chain, as well as its technology strategy and infrastructure.  She was also active in more than two dozen acquisitions and divestitures.

Earlier in her career, she served as CEO of Bayer CropScience, CEO of Bayer Medical Care and president of Bayer HealthCare’s Diabetes Care Division. She began her career at McKinsey and has held executive positions at Medco Health Solutions, Nabisco, and Whirlpool. Ms. Peterson is a member of the Microsoft board of directors and is on the board of trustees of the Institute for Advanced Study, a center for science and humanities research in Princeton, NJ. Ms. Peterson has appeared on Fortune magazine’s list of most powerful women numerous times and was featured on the magazine’s inaugural list of leaders changing healthcare.

In her new role with CD&R, Ms. Peterson will work with the firm’s investment team, as well as the firm’s group of senior corporate leaders, to source and evaluate transactions as well as support portfolio company management teams as they execute their value creation plans.

“Sandi has been an agent for transformation and improved operational performance at a range of healthcare and consumer businesses throughout her career,” said Donald Gogel, CD&R’s chairman and chief executive officer. “She has a stellar reputation for building great management teams, advancing operational excellence across business functions, and helping companies develop new partnerships in the areas of data science and technology, all skills highly relevant to our investment activities, particularly in the healthcare sector.”

“CD&R’s uniquely collaborative partnership culture, blend of management and financial skills, and unqualified commitment to operational excellence make the firm a natural fit for the next phase in my career,” said Ms. Peterson. “I am looking forward to being part of a great investment team where building strong businesses is at the core of the value creation model.”

Ms. Peterson holds an MPA in applied economics from Princeton University and a BA in government from Cornell University.

CD&R invests in European and US-based businesses.  Since founding in 1978, the firm has invested $28 billion in 84 companies across a range of industries with a total transaction value of approximately $125 billion. CD&R is based in New York and London (www.cdr-inc.com).

© 2019 Private Equity Professional | April 26, 2019

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