Gorsky also led Johnson & Johnsons purchase of Actelion, the largest in J&J history, which significantly expanded Johnson & Johnsons portfolio of rare-disease treatments. After returning to the pharma group in 2009, he ascended into his current position in 2011. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. We also saw an urgent need to strengthen our global public health systems because the pandemic also pulled back the curtain on pressing healthcare challenges. Deloitte does not. Dual Citizenship: Duato holds dual citizenship from Spain and the United States. All Rights Reserved. Contact Us with any questions or search this site for more information. (Reuters) -Johnson & Johnson on Thursday appointed Joaquin Duato as chief executive officer to replace veteran Alex Gorsky to steer the healthcare conglomerate through the remainder of the . A Division of NBCUniversal. During Joaquins career with the Company, the Board has witnessed firsthand his ability to effectively lead, collaborate, and create value for all our stakeholders. That diversity gets us closer to our customer base, Duato points out. Data is a real-time snapshot *Data is delayed at least 15 minutes. Previously, Joaquin served as the Vice Chairman of the . In September 2020, Janssen signed the vaccine maker pledgeto promise the public that decisions around the potential use of our vaccine candidate will be based purely on science and pre-existing guidelines from health authorities around the world. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the world's largest, most diversified healthcare products company. Already a speaker of English, Spanish and Italian, he used that brief stint to learn a different language. Joaquin Duato Johnson & Johnson Top 10% A 79/100 VS Dirk van de Put Mondelez International Top 15% A- 77/100 Johnson & Johnson vs Mondelez International CEO Comparison Summary Employees at Johnson & Johnson rank Joaquin Duato in the Top 10% of CEOs in New York. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. The site youre being redirected to is a branded pharmaceutical website. The medtech business grew 16% in 2021 even as Covid limited procedures, and advancements in surgery using AI are among the breakthroughs that the new CEO is betting on. . This is the right time for the Company as our organization is delivering strong performance across all three segments and is positioned for continued success, in addition to this being the right time for me personally as I focus more on my family due to family health reasons.. Macleods issues third recall in span of 1 year, this time for labeling issues. Cautions Concerning Forward-Looking StatementsThis press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. As the world's most broadly based healthcare company, Johnson & Johnson has a 136-year legacy of innovating . He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. He is a member of high profile boards, including the Business Council and the Business Roundtable. Please click below to continue to that site. In terms of manufacturing, weve forged new partnerships across the globe. Joaquin Duato at Johnson & Johnson headquarters in New Jersey. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Johnson & Johnson. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Create your free account or log in to continue reading this premium content. 2023 CNBC LLC. Duato will also be appointed to the board following his transition to. by Joaquin Duato, vice chairman of the executive committee, Johnson & Johnson Editor's note: These views and opinions do not reflect those of Deloitte or its personnel. He was also appointed to the companys board of directors. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. See here for a complete list of exchanges and delays. Duato is a dual citizen of Spain and the United States. About Alex GorskyAlex Gorsky is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, one of just seven leaders who have served in the dual role since the company was listed on the New York Stock Exchange in 1944. The site youre being redirected to is a branded pharmaceutical website. In his current role, he provides strategic direction for the Pharmaceutical and Consumer Health sectors and oversees the Global Supply Chain, Technology and Health & Wellness teams. He added that he saw a profound impact of Johnson & Johnsons medicines over his 30-year career with the company, which includes investment in research and development and drove global advances in healthcare over the past decade. Over 34 years with the company, he developed a deep understanding of whats possible at Johnson & Johnson by working in all business sectors and across multiple geographies and functions. At Johnson & Johnson, we respect the diversity and dignity of every individual and we must use our position to not only speak out, but to take action. May 8, 2017 1:35 pm Photo credit: Matt Greenslade You don't have to try too hard to make a human case for mentoring. El espaol Joaqun Duato ser el nuevo CEO de Johnson & Johnson tras renunciar Gorsky. [3] Duato was appointed CEO in August 2021 which became effective on January 3, 2022. Duato declined to go into legal specifics. J&J veteran Duato replaced Gorsky as CEO earlier this year after holding a variety of roles during his more than 30 years at the company. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. He worked his way through a host of regional leadership roles in Spain, Italy, and elsewhere and logged some time leading the companys diagnostic division. Duato cited the recent approval of CARVYKTI, an antigen receptor T-cell therapy for the treatment of multiple myeloma, which helped 98% of patients who were otherwise likely to be headed for hospice care. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. We understand that we have a high bar and a high expectation from society overall.Yes, we have some challenges when you refer to the litigation. We believe we have a responsibility to step in and invest in solutions for global public health crises, and we are proud to be contributing to the global COVID-19 response. It is extremely important for us to collaborate worldwide to help combat this disease. Please see our Privacy Policy. Joaquin has long believed in the power of technology to accelerate progress in healthcare. Our Company has an unmatched healthcare platform: we are a global pharmaceutical leader with a robust pipeline of transformational and innovative medicines, our Medical Device business is at the forefront of applying cutting-edge technology to deliver physician and patient-centric products and solutions and our Consumer Health business continues to evolve its portfolio of iconic heritage brands and innovative growth brands, he said. "Mr. Duato's international . Inclusion is an integral part of how we will achieve the goals set forth in our Race for Health Equity. You dont have to try too hard to make a human case for mentoring. Pharma. A dual citizen of Spain and the U.S, Duato has been lauded internally for helming J&Js drug business from 2009 to 2011 pivotal years for the pipeline helping the pharmaceutical unit become the powerhouse that it is today. The current economic situation is "volatile," Duato said, with inflationary headwinds in the supply chain and availability of important raw materials and components, though he said the company's scale as the largest health-care firm helps and the guidance it already provided to the market earlier in the year showed a healthy growth rate in revenue and in earnings per share. They created a strong foundation of trust and collaboration and mutual respect.. They opened my mind and made me think about higher goals. Subscribe to Fortune Dailyto get essential business stories straight to your inbox each morning. Joaquin earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. Got a confidential news tip? J&J shares, including reinvested dividends, more than tripled under Gorskys tenure. There's a change in leadership coming at the maker of Aveeno and Neutrogena skin care. Copies of these filings are available online at www.sec.gov, www.jnj.com or on request from Johnson & Johnson. According to a recent Kaiser Family Foundation study, 75% of Hispanic adults trust their healthcare provider to give them reliable information about the available vaccines. It was solely about personal and professional growth, not about getting the next job. JD: Throughout our more than 130-year history, Johnson & Johnson has had a legacy of coming to the aid of communities during times of crisis from natural disasters to health outbreaks. We walk the walk.. Inflation will remain a factor, as some pressures alleviate this year but others remain longer, Duato said. (RTTNews) - Johnson & Johnson said that its vice chairman, Joaquin Duato, will become chief executive officer of the company on 3rd January 2022, with Chairman and chief . The world's biggest maker of health care products said late Thursday that Joaquin Duato will become CEO and a member of the company's board of directors on January 3. In addition, she makes $7,097,300 as Executive Vice President - Worldwide Chairman and . In the U.S., this included significant representation of Black, Hispanic/Latinx, American Indian and Alaskan Native participants in the ENSEMBLE clinical trial. Duato notes with some justifiable pride that the pharma groups leadership team includes six women, with two of its three commercial regions led by women. In his place, Joaquin Duato, the companys current Executive Committee Vice Chairman, will become the companys new CEO and a member of the companys Board of Directors. [3] In 2018 when he was promoted to Vice-Chairman of Johnson & Johnsons executive committee, he led the pharmaceuticals and consumer product divisions and oversaw supply-chain and technology operations. Through this collaboration with member physicians, we hope to help reduce vaccine hesitancy, build vaccine confidence, and address structural and cultural barriers to COVID-19 vaccine access in Hispanic communities. On this Wikipedia the language links are at the top of the page across from the article title. Duato received a Master of Business Administration from ESADE Business School in Barcelona, Spain, and a Master of International Management from the Thunderbird School of Global Management in Phoenix, Arizona. Now vice chairman of the executive committee, Duato will take the reins effective Jan. 3 and take a seat on the companys board, J&J said in a statement late Thursday. We are confident that Joaquin is uniquely qualified and the right person to lead Johnson & Johnson into the future, Mulcahy said in a statement. The estimated Net Worth of Jennifer L Taubert is at least $42.8 Million dollars as of 22 November 2022. In his place, Joaquin Duato, the companys current Executive Committee Vice Chairman, will become the companys new CEO and a member of the companys Board of Directors. Esade Alumni has announced the winner of the 2022 Esade Award: Joaqun Duato, CEO of Johnson & Johnson and Esade alumnus. Rate the pronunciation difficulty of Joaquin Duato. New compounds can be measured against a single cell to more rapidly identify pharmacological activity, such as expected toxicities, and accelerate the development of new medicines. Poor or inadequate communication and information can negatively influence vaccination uptake and contribute to vaccine hesitancy. Contact Us with any questions or search this site for more information. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. In this podcast, Matt Botkin, SVP, business development (health systems) at Doceree, throws light on how the pharmaceutical industry can leverage technology to address the issue of healthcare affordability. He spent nearly a decade as executive sponsor for the African Ancestry Leadership Council employee resource group and is committed to building an inclusive workforce that reflects the patients J&J serves. Wow, what an awesome event with such wonderful people! In his first interview as Johnson & Johnson CEO, Joaquin Duato says at CNBC's Healthy Returns that there will be more innovation in health care over the next ten years than in the past century. Joaquin Duato of Johnson & Johnson explains why frontline health workers are critical in delivering health for all and why children's health is a top prior. Difficult. [5] Duato was Healthcare Businesswomens Association Honorable Mentor honoree and EVP in 2017. Aug 19, 2021 11:00PM EDT. He earned his MBA from the Wharton School of the University of Pennsylvania in 1996. 2. As a global company, we were already working around the world, but the pandemic pushed us to leverage our deep scientific expertise and extensive partnerships to take on this challenge. Gorsky also dramatically increased diversity, equity, and inclusion within the company, serving as the driving force behind many of Johnson & Johnsons DE&I initiatives, including its $100 million pledge to fight health inequities for communities of color in the U.S., the company said. They averaged a 15% annual return, in line with the S&P 500 Index. Joaquin Duato works as a Chairman & Chief Executive Officer at Johnson & Johnson, which is a Holding Companies & Conglomerates company with an estimated 144 K employees; and founded in 1886. The healthcare conglomerate is in the middle of the biggest shake-up in its 135-year history, spinning off its consumer health business under the name Kenvue. Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. Duato is the only major health industry CEO who has served as chief information officer. Tras 30 aos en la compaa: "La decisin ha sido una de las ms difciles de mi carrera" While Duato doesnt share specific experiences or anecdotes, he notes that being mentored was hugely important to his development as both a professional and a person and that every one of his mentors along the way happened to be women. Duato will also be appointed as a member of the company's Board of Directors. JD: The Emergency Use Authorization (EUA) that we received in February 2021 was based on an independent assessment by the Food & Drug Administrations (FDA) Vaccines and Related Biological Products Advisory Committee (VRBPAC), which analyzed our topline Phase 3 ENSEMBLE trial data, and concluded that the potential benefits of the vaccine outweighed the known and potential risks. As a dual citizen of Spain and the United States, his international perspective and global lens gives him a deep appreciation of diverse thoughts and opinions. Gorsky, the . Ms. Taubert owns over 76,923 units of Johnson & Johnson stock worth over $35,709,285 and over the last 4 years she sold JNJ stock worth over $0. Duato has dual citizenship between the U.S. and Spain, and is involved with boards such as UNICEF USA, Tsinghua University School of Pharmaceutical Sciences and the Hess Corporation, is past. Nov 30 (Reuters) - Johnson & Johnson (JNJ.N)said on Wednesday its board has elected Chief Executive Officer Joaquin Duato to take on the additional role of Chairman, effective in January. Machine learning, when combined with genetics, is also accelerating the discovery and development of new medicines. Interview by Mariana G. Briones Lideres Mexicanos guest editor for Latino Leaders. Mr. Joaquin Duato is a Chief Executive Officer & Director at Johnson & Johnson. El nuevo consejero delegado de la multinacional es hermano de la actriz Ana Duato y primo del bailarn y coregrafo Nacho Duato. Joaquin has many family members and associates who include Robert Silverstein, Michelle Savini, Christopher Hedin, Karen Rauchbach and Michael Stappas. Joaquin Duato, J&J CEO (Photo by Charles Sykes/Invision/AP) January 25, 2022 12:50 PM EST. Pronunciation of Joaquin Duato with 4 audio pronunciations. Recent surveys show Black and Hispanic adults are more likely to take a wait and see approach to getting a COVID-19 vaccine, but are also as likely as white adults to say they definitely will not take one. Jan 26, 2023 11:12am. We have to make specific outreach to women on the STEM side. Behind him are 19th century baby soaps, 100-year-old Band-Aids, and other timeworn products that made Johnson & Johnson into a household name. Salesforce stock jumps 13% after earnings, revenue top estimates. we must have a workforce that generally reflects that ethnic and . Educating physicians and investigators and working with diverse clinical trial personnel. Duato grew up in Valencia, Spain. From his early days in Spain, Joaquin found inspiration in how healthcare improved patients lives. All contents Copyright Johnson & Johnson Services, Inc.1997-2023. In January 2022, Joaquin Duato became Johnson & Johnson's new Chief Executive Officer. As the world continues to face significant health challenges, including the ongoing pandemic, I am inspired by Johnson & Johnsons opportunity to play a key role in meaningfully improving the global trajectory of human health, he said. He lives in Pennsylvania with his wife and has two grown children. Over our more than 25 years of working together, he has always demonstrated a passion for solving complex medical and business challenges. Supporting frontline health workers: In 2020, the Johnson & Johnson Family of Companies and the Johnson & Johnson Foundation committed $50 million to support frontline health workers. About Joaquin DuatoJoaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. See here for a complete list of exchanges and delays. Duato is a dual citizen of Spain and the United States. Xi Jinping Doesnt Love Them Back, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, Iran Schoolgirls Targeted by MorePoison Attacks, Sparking Protests, NFL Loses Bid to Arbitrate Ex-Miami Coachs Race-Bias Claims, EU Seeks to Salvage Combustion-Engine Ban After Germany Balks, Gas Stoves Are One Step Closer to New Rules, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. Once highly anticipated because it requires just a single dose, J&Js Covid vaccine has been sparsely used relative to competitors from the Pfizer Inc.-BioNTech SE partnership and Moderna Inc. after challenges at a contract manufacturer. In 2021, the company invested more than $2 billion in innovation, an increase of 23% in the middle of the pandemic. But the new chief executive officerisnt interested in artifacts. 1, Duato told CNBC's Meg Tirrell at Healthy Returns on Wednesday, is the opportunity "to create more progress in health in this decade than we have seen in the last 100 years.". As CEO of the world's largest healthcare company, Joaquin leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Gorsky said Duato oversaw Johnson & Johnsons response to the COVID-19 pandemic and led the coordination of global initiatives to safeguard the health of employees and ensure business and supply chain continuity.. He champions the integration of data science, intelligent automation and new technologies to solve complex biomedical research and business operation challenges with maximum speed and efficiency. The role of Telehealth and remote working was more present than ever, and COVID-19 put the spotlight on personal and preventative health. Duato, who has also been at the company for more than three decades, is the vice-chair of J&J's executive committee. They closed at a record high of $179.47 Tuesday, buoyed by the companys portfolio of cancer and immunology drugs as patients return to hospitals after lockdown. Johnson & Johnson is spinning off its consumer health business from its biotech and medical technology and forming two companies. The NHMAs effort will help reach more Hispanic audiences with the facts and context they need to make informed decisions about getting vaccinated. All Rights Reserved. Early life and education [ edit] Duato grew up in Valencia, Spain. New Brunswick, N.J., November 30, 2022 Johnson & Johnson (NYSE: JNJ) today announced that its Board of Directors has elected Chief Executive Officer, Mr. Joaquin Duato, to assume the additional position of Chairman, effective in January 2023. La farmacutica estadounidense Johnson & Johnson (J&J) anunci . I also want to thank Alex for his countless contributions to our Company. JD: Vaccine hesitancy refers to personal reluctance or refusal of vaccines even when they are readily available. J&J declined to make Gorsky and Duato available for comment. The reader is cautioned not to rely on these forward-looking statements. You should view the News section and the most recent SEC Filings in the Investor section in order to receive the most current information made available by Johnson & Johnson Services, Inc. Easy. Aug 19 (Reuters) - Johnson & Johnson (JNJ.N) on Thursday appointed Joaquin Duato as chief executive officer to replace veteran Alex Gorsky to steer the healthcare conglomerate through the. by Caroline Vakil - 08/19/21 7:18 PM ET. 3 /5. About 64% of Hispanic adults now say theyve either gotten at least one dose of the vaccine or will get it as soon as they can. The bio: Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. Your use of the information on this site is subject to the terms of our Legal Notice. Meanwhile, Wall Street and Washington have long awaited Gorskys next move. [4] After moving to the USA in 2002, Duato was appointed Executive Vice President, Worldwide Chairman, Pharmaceuticals in 2011. 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