Joaqun Duato, hasta ahora vicepresidente del grupo, sustituir desde el 3 de . 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.. He lives in Pennsylvania with his wife and has two grown children. JD: At this crucial moment, our society needs as many adults as possible to get vaccinated, and as quickly as possible. Visit a quote page and your recently viewed tickers will be displayed here. [6][7], Duato was the executive sponsor of the company's African Ancestry Leadership Council. With a 134-year history and 136,000 employees, J&J is known for tapping internal candidates. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. "We understand that we have a reputation. He started at the company in 1989, working in sales in his home country of Spain. [3], Duato began his career in Johnson & Johnson in 1989 when he joined Janssen Pharmaceutica in Spain. Duato, who has also been at the company for more than three decades, is the vice-chair of J&J's executive committee. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. JOIN US FOR HEALTHY RETURNS SUMMIT ON MARCH 29 2023. Mr. Duato, age 59, is currently Vice Chairman of the Company's Executive Committee and provides strategic direction for the Pharmaceutical and Consumer Health sectors and oversees the Global Supply Chain, Technology and Health & Wellness teams. We want to hear from you. Salesforce stock jumps 13% after earnings, revenue top estimates. Latino Leaders: How does diversity of thought and opinions help the pharmaceutical industry? LL: Tell me about something J&J is doing to address vaccination hesitancy among the LatinX community that youre particularly proud of? Over the next three decades, he advanced through positions of increasing responsibility in sales, marketing, and management, culminating in being named CEO and Chairman in 2012. Duato, 59, has been working for the company for over 30 years. Research and development on the drug side is accelerating as well, he said, with a pipeline of 14 new medicines to be filed before 2025. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. As the world's most broadly based healthcare company, Johnson & Johnson has a 136-year legacy of innovating . Next Tuesday, when the company is set to reveal its fourth-quarter performance, investors will also be paying attention to what Joaquin Duato, a longtime J&J exec who became CEO earlier this month, has to say about the direction of the company. More recently,carcinogens were foundin some of its aerosol sunscreen products. The disease itself took a disproportionate toll on the Black, Latinx, Indigenous and Pacific Islander communities and it forced us to revisit the way we address and provide equitable care. Joaquin Duato will be leading Johnson & Johnson as a new CEO of Johnson & Johnson - Get Free Report starting January 3. We are also taking action to support health equity in communities of color, working with partners to educate the most at-risk about vaccines and working with our partners to advance racial and ethnic health equity in COVID-19 treatment and care through a series of targeted COVID-19 focused programs. "Mr. Duato's international . But the 61-year-old cited family health reasons as partially motivating his departure. 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. Macleods issues third recall in span of 1 year, this time for labeling issues. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Joaquin Duato is best known for driving the transformation of Johnson & Johnson's Pharmaceutical sector into a global powerhouse by refocusing strategy and investment around core therapeutic areas with the greatest potential for business growth and impact on human health. 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. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the world's largest, most diversified healthcare products company. Incoming CEO Duato has also spent about 30 years with Johnson & Johnson. AboutPressCopyrightContact. Johnson & Johnson Names CEO Joaquin Duato as Chairman of the Board. In March, the two executives clinched a deal in which Merck would manufacture J&Js Covid-19 vaccine. I also want to thank Alex for his countless contributions to our Company. We have to make specific outreach to women on the STEM side. Mr. Duato has served as Johnson & Johnsons CEO and a member of the Board of Directors since January 3, 2022. You are now leaving jnj.com. 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. [1] He is the chief executive officer (CEO) of Johnson & Johnson, an American multinational conglomerate. Dual Citizenship: Duato holds dual citizenship from Spain and the United States. He earned an MBA from ESADE at Ramon Llull University in Barcelona, Spain. His mother was a nurse, his grandfather was a pediatrician, and his grandmother a pharmacist. J&Js drug business generated $45.6 billion in sales in 2020, accounting for more than half the companys revenue. Alex Gorsky, currently chairman and CEO, will serve as executive chairman of Johnson & Johnson and transition the CEO role to Joaquin Duato, currently vice chairman of the company's executive committee, effective January 3, 2022. In the U.S., this included significant representation of Black, Hispanic/Latinx, American Indian and Alaskan Native participants in the ENSEMBLE clinical trial. 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. As a member of the Company for more than 30 years, Joaquin was named Company Group Chairman of the Americas in 2009 and Executive Vice President and Worldwide Chairman, Pharmaceuticals in 2011. Pharma. Duato is a dual citizen of Spain and the United States. Priority No. 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. Prior to this role, as Worldwide Chairman, Pharmaceuticals, Joaquin transformed the sector into a global powerhouse by refocusing strategy and investment around core therapeutic areas and areas of greatest unmet need. [8], Joaquin Duato is a board member of the U.S. Spain Council and previously served on boards with UNICEF USA, Tsinghua University School of Pharmaceutical Sciences, and the Hess Corporation. Gorsky, who was at the helm for nine years, will become executive chairman. "We don't just talk about it," he says. Duato, 59, currently serves as vice chairman of J & J's executive committee, which involves working with the company's pharmaceutical and health sectors and overseeing its . Duato, 59, is a three-decade veteran of J&J, as is Gorsky. That diversity gets us closer to our customer base, Duato points out. 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 coronavirus pandemic. See here for a complete list of exchanges and delays. New J&J CEO Joaquin Duato promises an aggressive M&A hunt in quest to grow pharma sales. Over the last three decades, Alexs influence has truly shaped the global healthcare landscape and improved billions of lives, said Anne Mulcahy, Lead Independent Director. 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. 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. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology . People on the Move: Chris Womack, CEO, Southern Company, People on the Move: CVS Names Shari Slate as SVP, Chief Diversity, Equity and Inclusion Officer, People on the Move: Tarbinlam Lafon, VP, Chief Procurement Officer, Humana, People on the Move: Alice H. Chen, Centenes Chief Health Officer, Women Executives Advice on Changing Up Workplace Demographics. Ultimately, we want to always reach a fair and equitable resolution in order to be able to focus on what we do best. La farmacutica estadounidense Johnson & Johnson (J&J) anunci . Duato added that he has worked closely with Gorsky for many years and will continue to benefit from his guidance. This site is governed solely by applicable U.S. laws and governmental regulations. Anne Mulcahy, J&Js lead independent director, said the board engaged in thoughtful long-term succession planning. She described Duato as an effective and committed leader who has been critical to the companys growth. Johnson & Johnson has faced multiple lawsuits over products and medical devices, fromtalc to hip replacement and opioids, which have resulted in significant financial settlements, without any admission of wrongdoing, as well as ongoing litigation. Joaquin Duato Chairman of the Board and Chief Executive Officer New Brunswick, New Jersey, United States 38K followers 500+ connections Join to follow Johnson & Johnson Esade About I believe that. As J&J prepares to split into two companies, Duato said that separating the consumer brands like Band-Aid, Tylenol, Neutrogena and Listerine from medical technology and pharmaceuticals will help the company be at the forefront of surgical techniques that transform health care. Alex Gorsky to Step Down After 30-Year Career at Johnson & Johnson, Contract & Freelance Partner Opportunities, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. 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. (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 . We have to mentor and encourage the people who are here., From the May 01, 2017 Issue of MM+M - Medical Marketing and Media. We saw a tectonic shift as slow-moving trends went into overdrive. Joaquin Duato (born April 1962) is a Spanish-American business executive. Overall, these circumstances have redoubled our efforts - and the efforts of our peers to tackle these healthcare challenges. Joaquin Duato 6d Data science and digital health have transformed how Johnson & Johnson innovates, enabling us to bring life-changing science to patients faster than ever. Under his leadership, scientific expertise combined with AI and machine learning is accelerating how Johnson & Johnson confronts the most complex healthcare challenges and delivers for patients. El gigante de productos de gran consumo y farmacutico Johnson & Johnson tendr un consejero delegado espaol. Tylenol and Motrin are both over-the-counter medicines that are commonly used to relieve pain and reduce fevers. Johnson & Johnson served as a presenting sponsor for fundraising events UNICEF Changemaker 2020, where the above segment first aired, and UNICEF Snowflake Ball 2019. Joaquin Duato is responsible for Johnson & Johnson's Pharmaceuticals and Consumer sectors, along with Supply Chain, Technology and Health & Wellness. 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. We strive to improve access and affordability, create healthier communities, and put a healthy mind, body and environment within reach of everyone, everywhere. From 2018, he added responsibilities for the company's consumer business,. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. During his 30-plus year career at J&J, Duato led multiple business divisions, geographies and functions. 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. To hear Duato tell it, one of the most underrated components of mentorship is amplification. Why? Gorsky is leaving his successor with a pile of lawsuits and controversy on the desk: The company recently reached a landmarksettlementover its alleged role in the epidemic of opioid overdoses, but additional suits remain related to its talcum-based baby powder, as well as other drugs and devices. by Caroline Vakil - 08/19/21 7:18 PM ET. About Johnson & JohnsonAt Johnson & Johnson, we believe good health is the foundation of vibrant lives, thriving communities and forward progress. 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. Procter & Gamble Co.s David Taylor is stepping down in November, and Walt Disney Co. Chairman Bob Iger is leaving at the end of the year. Any forward-looking statement made in this release speaks only as of the date of this release. The vaccine technology platform was designed to help the global health community better prepare for and combat life threatening infectious disease outbreaks and aided in the accelerated development of vaccines. Duato will succeed Alex Gorsky, who will step down from his role as executive chairman following a brief transitional period. 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. Duato is trilingual, speaking English, Spanish, and Italian. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices To reflect that, HCB Health has become Boundless Life Sciences Group. There is no bigger or better known health-care conglomerate in the world. Were only able to tackle this problem at home if we address it worldwide. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Previously, Joaquin served as the Vice Chairman of the . During Joaquins career with the Company, the Board has witnessed firsthand his ability to effectively lead, collaborate, and create value for all our stakeholders. Get this delivered to your inbox, and more info about our products and services. Cautions Concerning Forward-Looking StatementsThis press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. After completing his undergraduate education at the U.S. Military Academy at West Point, NY, Alex served six years in the Army. Terms & Conditions. In January 2022, Joaquin Duato became Johnson & Johnson's new Chief Executive Officer. 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. See also:Analysis: Gender, racial diversity among CMOs shows little sign of progress. He is committed to building an inclusive workforce that reflects the patients Johnson & Johnson serves. Duato is committed to nurturing a diverse, equitable and inclusive workplace as J&J continues to develop medicines to transform the lives of patients around the world. In addition, she makes $7,097,300 as Executive Vice President - Worldwide Chairman and . JD: The virus does not recognize borders. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. It's a role that builds on his 33-year career at the company, working across all business sectors and in multiple countries around the globe. Johnson & Johnson Location 1 Johnson & Johnson Plaza, New Brunswick, New Jersey, 08933, United States Description Read More As part of this, were also partnering with leading organizations on vaccine education, including the National Hispanic Medical Associations #Vaccinate4All effort. Risk Factors, in the Companys most recently filed Quarterly Report on Form 10-Q and the Companys subsequent filings with the Securities and Exchange Commission. "Overall, we've seen volatility in the consumer demand," Duato said, "but we continue to see very solid consumer business coming through and we continue to try to deliver what is best for consumers and we continue to try to mitigate our cost increases by improving our own efficiency, and in some cases also having price increases but overall, we are bullish about the potential of our consumer health business and about our ability to navigate the inflationary pressures in a way that is optimal for consumers," he said. Mr. Duato succeeds Mr. Alex Gorsky, who will step down from his role as Executive Chairman following a brief transitional period. LL: What is Johnson & Johnson doing to combat COVID-19 beyond vaccine development? FORTUNE may receive compensation for some links to products and services on this website. J&J ranks No. Duato, the first non-U.S. born CEO for the company, and first to hold dual citizenship (Spain and U.S.), has been with J&J for three decades and was at one point the company's chief information. Copyright 2023 Haymarket Media, Inc. All Rights Reserved This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Gorsky joins a parade of blue-chip executives who are moving on after long careers punctuated by the pandemic. Our 130,000 employees mobilized with urgency to address the critical needs of families and healthcare providers in their country. Thats why for more than 135 years, we have aimed to keep people well at every age and every stage of life. And while Duato isnt the type of leader who preaches from a soapbox, he believes that pharma needs to prioritize mentoring especially of top-flight women scientists far more than other industries do. 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Pronunciation of Joaquin: Learn how to pronounce the word Joaquin.Definition and meaning can be found here: https://www.google.com/search?q=define+JoaquinThe. 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. "We can plan much better our clinical trials, we are able to create synthetic control groups instead of having placebo groups and we are also able to stratify and identify patients that are difficult to find in rare diseases utilizing algorithms that enable us to identify them," he said. 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. Pharmaceutical Companies of Johnson & Johnson, Reimagining the Way Healthcare Is Delivered, Meeting the Personal Care and Wellness Needs of Consumers Worldwide, Advancing New Healthcare Solutions Through Collaboration, Learn About the Company's Rich Heritage at Our Digital Museum. Duato, the first non-U.S. born CEO for the company, and first to hold dual citizenship (Spain and U.S.), has been with J&J for three decades and was at one point the company's chief information officer, giving him key insights into the role of technology in health care. A longtime advocate of diversity and inclusion and supporter of veterans issues, Alex currently sits on the Board of Directors of Apple, IBM, JPMorgan Chase, NewYork-Presbyterian Hospital, and the Travis Manion Foundation, and serves on the Wharton School of the University of Pennsylvania Board of Advisors. Joaquins appointment to the additional role of Chairman reflects his tremendous 30-year track record at Johnson & Johnson, as well as the Boards thoughtful and engaged approach to succession planning. Wow, what an awesome event with such wonderful people! Gorsky, who has served as CEO and chairman since 2012, will become. Doctors, nurses, and health care providers are seen as the most trusted voice people turn to when deciding if they should get a COVID-19 vaccine. Mr. Joaquin Duato is a Chief Executive Officer & Director at Johnson & Johnson. Today, as the worlds largest diversified healthcare products company, we are committed to using our reach and size for good. Meanwhile, Wall Street and Washington have long awaited Gorskys next move. Thats my number one concern.. Duato said the company is gaining share in its priority medtech platforms and expects "good" performance this year. 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. Even with a massive dip during last years market crash, the shares have gained 22% since the beginning of 2020. A dual citizen of both Spain and the U.S. and the current executive sponsor of Johnson & Johnsons African Ancestry Leadership Council, he assures that going forward, the company will remain committed to diverse thoughts and opinions under his leadership. He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The decision to step aside was one of the most difficult of my career, Gorsky said in the statement. The role of Telehealth and remote working was more present than ever, and COVID-19 put the spotlight on personal and preventative health. 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. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the worlds largest, most diversified healthcare products company. Duato doesnt overtly attribute Johnson & Johnsons enduring success to its organizational makeup, but he doesnt downplay its importance the same way many other pharma higher-ups do, either. Joaquin Duato, the new CEO of Johnson & Johnson, is comfortable enough in his new position at the 135-year-old company to issue a bold claim just a few months into the job and during his first interview: he predicts the next decade will see more health-care transformation than occurred during the past century. 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Johnson & Johnson announced on Thursday that its current CEO Alex Gorsky will step down from his role and Joaquin Duato will take the helm in January . Behind him are 19th century baby soaps, 100-year-old Band-Aids, and other timeworn products that made Johnson & Johnson into a household name. 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. CVS and Walgreens confirmed last month that their pharmacies were limiting the. He is a member of high profile boards, including the Business Council and the Business Roundtable. These statements are based on current expectations of future events. "Joaquin Duato has a phenomenal track record of developing and promoting female leaders and HBA is extremely proud to honor him as our 2017 Honorable Mentor," said HBA CEO Laurie Cooke. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. 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