Kasper Jakobsen Named President and Chief Executive Officer of Mead Johnson Nutrition

  Kasper Jakobsen Named President and Chief Executive Officer of Mead Johnson

Business Wire

GLENVIEW, Ill. -- April 30, 2013

Mead Johnson Nutrition (NYSE: MJN) announced that P. Kasper Jakobsen was
officially named as President and Chief Executive Officer by its Board of
Directors immediately following the company’s Annual Meeting of Stockholders,
held today in Chicago.

Jakobsen, 51, succeeds Stephen W. Golsby, who had previously announced his

“Throughout his career at Mead Johnson, Kasper has displayed a keen
understanding of our operations, our customers, our markets, and the issues
that drive this industry,” said Jim Cornelius, Mead Johnson Nutrition’s
Chairman of the Board. “The Board looks forward to working with him and his
entire leadership team, while at the same time continuing to benefit from the
experience and insights of Steve Golsby, who has been reelected as a

Jakobsen was designated CEO-Elect and was appointed to the company’s Board of
Directors in June 2012. He became Executive Vice President and Chief Operating
Officer in January 2012, assuming leadership of the company’s Global Operating
Committee, with responsibility for all regional business activities, as well
as Global Marketing and Global Supply Chain.

Previously, Jakobsen served as President of the company’s business in the
Americas, overseeing all business activities in the United States, Canada and
Latin America, along with the company’s global marketing initiatives.

Jakobsen joined Mead Johnson in 1998 as head of marketing in Asia. From 2001
to 2004, he served as General Manager of Mead Johnson’s Philippines
operations, before being promoted to Vice President & General Manager – South
Asia. In 2006, he served as Senior Vice President & General Manager – Asia
Pacific, which included overall responsibility for the company’s business in

Prior to joining Mead Johnson Nutrition, Jakobsen worked for nearly a decade
for Unilever PLC in various marketing roles across the Asia Pacific region.

Jakobsen holds a bachelor’s degree in commerce from Auckland University in New

Forward-Looking Statements

Certain statements in this news release are forward-looking as defined in the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements may be identified by the fact they use words such as “should,”
“expect,” “anticipate,” “estimate,” “target,” “may,” “project,” “guidance,”
“intend,” “plan,” “believe” and other words and terms of similar meaning and
expression. Such statements are likely to relate to, among other things, a
discussion of goals, plans and projections regarding financial position,
results of operations, cash flows, market position, product development,
product approvals, sales efforts, expenses, capital expenditures, performance
or results of current and anticipated products and the outcome of
contingencies such as legal proceedings and financial results. Forward-looking
statements can also be identified by the fact that they do not relate strictly
to historical or current facts. Such forward-looking statements are based on
current expectations that involve inherent risks, uncertainties and
assumptions that may cause actual results to differ materially from
expectations as of the date of this news release. These risks include, but are
not limited to: (1) the ability to sustain brand strength, particularly the
Enfa family of brands; (2) the effect on the company's reputation of real or
perceived quality issues; (3) the effect of regulatory restrictions related to
the company’s products; (4) the adverse effect of commodity costs; (5)
increased competition from branded, private label, store and economy-branded
products; (6) the effect of an economic downturn on consumers' purchasing
behavior and customers' ability to pay for product; (7) inventory reductions
by customers; (8) the adverse effect of changes in foreign currency exchange
rates; (9) the effect of changes in economic, political and social conditions
in the markets where we operate; (10) changing consumer preferences; (11) the
possibility of changes in the Women, Infant and Children (WIC) program, or
participation in WIC; (12) legislative, regulatory or judicial action that may
adversely affect the company's ability to advertise its products or maintain
product margins; and (13) the ability to develop and market new, innovative
products. For additional information regarding these and other factors, see
the company’s filings with the United States Securities and Exchange
Commission (the “SEC”), including its most recent Annual Report on Form 10-K,
which filings are available upon request from the SEC or at
www.meadjohnson.com. The company cautions readers not to place undue reliance
on any forward-looking statements, which speak only as of the date made. The
company undertakes no obligation to publicly update any forward-looking
statement, whether as a result of new information, future events or otherwise.

About Mead Johnson

Mead Johnson, a global leader in pediatric nutrition, develops, manufactures
and distributes more than 70 products sold in over 50 markets worldwide. The
company’s mission is to nourish the world’s children for the best start in
life. The Mead Johnson name has been associated with science-based pediatric
nutrition products over 100 years. The company’s “Enfa” family of brands,
including Enfamil® infant formula, is the world’s leading brand franchise in
pediatric nutrition. For more information on company, go to


Mead Johnson Nutrition
Kathy MacDonald, (847) 832-2182
Christopher Perille, (847) 832-2178
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