
J&J's Longtime CHRO: HR is about Value Creation | Peter Fasolo
Peter Fasolo, Johnson & Johnson's longtime CHRO, believes HR is not about HR. It is about linking people practices to the value a company is trying to create. That belief shaped how he built J&J's people data science team, reorganized the HR function, and ran two CEO successions.
Today Peter is a Senior Advisor at TowerBrook, where he leads the firm's human resources practice, and a Professor of the Practice at Boston University's Institute for Leadership and Work, which he previously directed. He spent 14 years leading HR at Johnson & Johnson, and before that was one of the first chief talent officers in private equity, building the talent function at KKR.
Below the Surface is a show about how the best companies build their teams, hosted by Joelle Emerson, co-founder and CEO of Paradigm.
Joelle and Peter get into:
- How J&J's Credo guides leaders through real trade-offs, and why every paragraph is linked by the word "and"
- Building a people data science team that tied hiring, pay, training, and manager data to business outcomes
- What the data showed about college hires versus experienced hires, and what actually drove turnover
- Why he moved much of HR into global shared services, and how to lead a transformation that size without going it alone
- What a well-run CEO succession looks like, from painting the future to the board's final decision
- What private equity taught him about focusing HR on value creation
- How CHROs earn a seat in strategy formation, and the story they should be telling employees about AI
Chapters:
00:00 Meet Peter Fasolo
01:24 J&J's Credo and the power of "and"
04:13 When the Credo shapes a hard decision
08:03 Building a people data science team
11:45 Why college hires outperform after 18 months
13:43 What actually drives turnover
16:53 Moving HR into global shared services
21:16 How to lead a major HR transformation
25:01 What a well-run CEO succession looks like
29:43 What private equity taught him about HR
33:31 How CHROs earn a seat in strategy
37:56 The AI story CHROs should be telling
42:17 Lightning round
45:27 Closing thoughts
Show Links:
- Follow Peter on LinkedIn: https://www.linkedin.com/in/peter-fasolo/
- Follow Joelle on LinkedIn: https://www.linkedin.com/in/joelle-emerson-4a24225/
- Follow Joelle on X: https://x.com/joelle_emerson
- Learn more about Johnson & Johnson: https://www.jnj.com
- Learn more about Surface: https://surface.ai
- Explore All episodes: https://surface.ai/podcast
- Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/below-the-surface/id1896941268
- Subscribe on Spotify: https://open.spotify.com/show/033AK9SGqJCL9HLx7dE7bn
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