See here for a complete list of exchanges and delays. Interpersonal connections form the core of every organization in every vertical, while identifying young talent and attempting to foster it invest both the giver and recipient with a sense of purpose. "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. We dont just talk about it, he says. Salesforce stock jumps 13% after earnings, revenue top estimates. 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. Gorsky also started his J&J career over three decades ago as a sales representative with Janssen Pharmaceuticals in 1988, and had been at the helm of the company for nearly a decade. Thats why its so important for us to engage in these types of conversations to help answer questions and dispel myths about vaccines. He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Johnson & Johnson Names CEO Joaquin Duato as Chairman of the Board. 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. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. In addition, she makes $7,097,300 as Executive Vice President - Worldwide Chairman and . 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. Contract & Freelance Partner Opportunities, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. He was also appointed to the companys board of directors. 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. Gorsky, the . If Johnson & Johnsons pharma group were a stand-alone company, it would likely rank as either the fifth- or sixth-largest pharma organization in the world. Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. Duato will succeed Alex Gorsky, who will step down from his role as executive chairman following a brief transitional period. Early life and education [ edit] Duato grew up in Valencia, Spain. It is extremely important for us to collaborate worldwide to help combat this disease. [3], Duato began his career in Johnson & Johnson in 1989 when he joined Janssen Pharmaceutica in Spain. 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. "All of them are providing significant improvements in the standard of care, and at the same time, all of them with more than a billion-dollar potential," he said. He is a respected industry leader and past Chairman of the Pharmaceutical Research and Manufacturers of America. Today, as the worlds largest diversified healthcare products company, we are committed to using our reach and size for good. AboutPressCopyrightContact. Mr. Duato has served as Johnson & Johnsons CEO and a member of the Board of Directors since January 3, 2022. Duato, who served as interim CIO at Johnson and Johnson for almost a year in 2019, said that role gave him insights into how artificial intelligence and automation can make surgery smarter. Most of all, I am humbled to lead our talented and dedicated team of 136,000 associates around the world, and I am immensely proud of how we have upheld the Companys 134-year legacy of delivering solutions to address the worlds most urgent, unmet healthcare needs, he said. 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. 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. He is committed to building an inclusive workforce that reflects the patients Johnson & Johnson serves. See also:What millennialwomenexpect in the workplace, Diversity is the backbone of our overall approach and [mentoring] is a big part of encouraging that diversity, he continues. From 2018, he added responsibilities for the company's consumer business,. 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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. "I see a future in which all medical devices would be smarter, connected to the cloud, being able to provide data to the surgeons for them to be able to in real time deliver better surgical outcomes," he said. 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. Kenneth Frazier, Gorskys longtime counterpart at Merck, gave up his CEO role just weeks ago. 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. Gorsky, who was at the helm for nine years, will become executive chairman. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. It has been an honor to work alongside each of you, and I could not think of a better leader than Joaquin to lead the Board as it helps guide the Company to even greater achievements.. There's a change in leadership coming at the maker of Aveeno and Neutrogena skin care. Alex began his Johnson & Johnson career as a sales representative with Janssen Pharmaceutica in 1988. See also:Healthcare marketers still pushing to address the gender gap. 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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 . 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. Evolution in the healthcare marketing and communications space requires an agile team that is solutions oriented and sees beyond barriers with a how can it be done mindset. Joaquin Duato is responsible for Johnson & Johnson's Pharmaceuticals and Consumer sectors, along with Supply Chain, Technology and Health & Wellness. Gorsky, whos been at the helm for nine years, will become executive chairman. 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. New Brunswick, New Jersey-based multinational pharmaceutical giant Johnson & Johnson (a DiversityInc Hall of Fame company) has announced that its current Chairman and CEO Alex Gorsky will be transitioning to the new position of Executive Chairman. El nuevo consejero delegado de la multinacional es hermano de la actriz Ana Duato y primo del bailarn y coregrafo Nacho Duato. According to Johnson & Johnson, Gorsky has been the companys Chairman and Chief Executive Officer since 2012. LL: Tell me about something J&J is doing to address vaccination hesitancy among the LatinX community that youre particularly proud of? We walk the walk.. Johnson & Johnson is part of the Holding Companies & Conglomerates industry, and located in New Jersey, United States. 72 in the Axios Harris Poll 100s 2021 Corporate Reputation Rankings. All contents Copyright Johnson & Johnson Services, Inc.1997-2023. Wow, what an awesome event with such wonderful people! Its very important both in talent recruitment and in retention.. Related: For more recent diversity and inclusion news, click here. 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. Ultimately, we want to always reach a fair and equitable resolution in order to be able to focus on what we do best. Johnson & Johnson Location 1 Johnson & Johnson Plaza, New Brunswick, New Jersey, 08933, United States Description Read More Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. Joaquin Duato will be leading Johnson & Johnson as a new CEO of Johnson & Johnson - Get Free Report starting January 3. 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. Tylenol and Motrin are both over-the-counter medicines that are commonly used to relieve pain and reduce fevers. 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.. His career in healthcare was influenced by his family. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. During Joaquins career with the Company, the Board has witnessed firsthand his ability to effectively lead, collaborate, and create value for all our stakeholders. "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. Maya Tsukernik you are amazing, congratulations on a great job!!! Leadership Team Michael J. Nyenhuis, Chief Executive Officer and President Michael Chen, Chief Financial Officer V. Rene Cutting, Chief Philanthropy Officer Shelley Diamond, Chief Marketing Officer Michael Klompus, Chief People Officer Jess Leinwand, Chief Legal Officer and General Counsel Cristina Shapiro, President of the Impact Fund for Children Darla Silva, Chief Program The role of Telehealth and remote working was more present than ever, and COVID-19 put the spotlight on personal and preventative health. Get the top DEI news delivered straight to your inbox, New Brunswick, New Jersey-based multinational pharmaceutical giant Johnson & Johnson (a DiversityInc. Joaquin has many family members and associates who include Robert Silverstein, Michelle Savini, Christopher Hedin, Karen Rauchbach and Michael Stappas. They created a strong foundation of trust and collaboration and mutual respect.. Your use of the information on this site is subject to the terms of our Legal Notice. Dow Inc and private company X-energy said on Wednesday they have agreed to develop and demonstrate the first grid-scale next-generation nuclear reactor for an industrial site in North America. Joaquin Duato (born April 1962) is a Spanish-American business executive. 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. Joaquin earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. 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. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. "We don't just talk about it," he says. But the 61-year-old cited family health reasons as partially motivating his departure. Previously, Joaquin served as the Vice Chairman of the . Terms & Conditions. Joaquin Duato takes over Jan. 3 as CEO amid plans to spin off J&J's consumer division, a shakeup of other executive leadership positions, high profile lawsuits and controversy that stunted sales . All quotes delayed a minimum of 15 minutes. 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. Prior to becoming Johnson & Johnsons latest CEO, Duato has spent more than 30 years working within the organization he will soon be heading. In addition to driving accelerated growth and profitability in our Pharmaceutical and Consumer Health businesses, in his most recent role of Vice Chairman of the Executive Committee, Joaquin helped guide our enterprise strategic planning process, encompassing all three of the Companys business segments, and was responsible for spearheading a significant technology transformation across the enterprise over the past year. I would like to express my deep appreciation to every employee, past and present, for their steadfast commitment to bringing our Credo to life every day and to improving the well-being of those who rely on us. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology operations. LinkedIn has officially entered its cringe era, and its working. Any forward-looking statement made in this release speaks only as of the date of this release. 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. Duato will succeed Alex Gorsky, who will step down from his role as executive chairman following a brief transitional period. REGISTER BELOW, Why Johnson & Johnson is splitting itself into two publicly traded companies, How AI is detecting heart attack risk and aiming to outsmart Americas No. All rights reserved. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. Tras 30 aos en la compaa: "La decisin ha sido una de las ms difciles de mi carrera" In January 2022, Joaquin Duato became Johnson & Johnson's new Chief Executive Officer. I can trace the most important turning points in my career like moving from Europe to the U.S., or moving from pharma into medical devices to having a strong female mentor who supported me, he says. See also:Analysis: Gender, racial diversity among CMOs shows little sign of progress. Latino Leaders: How does diversity of thought and opinions help the pharmaceutical industry? Machine learning, when combined with genetics, is also accelerating the discovery and development of new medicines. J&J's Joaquin Duato: Diversity is 'essential' Under Duato, the leadership team for Johnson & Johnson's pharma group includes six women. 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. Continue reading your article with. The pharma unit Duato leads generated $33.5 billion in sales last year, growing 7.5% (compared with 4% growth for Johnson & Johnson overall). To reflect that, HCB Health has become Boundless Life Sciences Group. A further list and descriptions of these risks, uncertainties and other factors can be found in Johnson & Johnson's Annual Report on Form 10-K for the fiscal year ended January 2, 2022, including in the sections captioned Cautionary Note Regarding Forward-Looking Statements and Item 1A. They opened my mind and made me think about higher goals. Johnson & Johnson is spinning off its consumer health business from its biotech and medical technology and forming two companies. Why? During his tenure, J&J's market capitalization rose to over $460 billion from nearly $180 billion. 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. LL: How was Johnson & Johnson able to develop a vaccine in an accelerated timeframe while meeting ethical and scientific standards? Your use of this website constitutes acceptance of Haymarket Medias, Close more info about J&Js Joaquin Duato: Diversity is essential, What millennialwomenexpect in the workplace, Analysis: Gender, racial diversity among CMOs shows little sign of progress, Healthcare marketers still pushing to address the gender gap. Johnson & Johnsons new CEO Duato said he is honored to be the next CEO of the company. LL: What do we know about vaccine hesitancy in the Latinx community? During his 30-plus year career at J&J, Duato led multiple business divisions, geographies and functions. Please click below to continue to that site. LL: Why is it important to have collaboration among the global public health community in times of crises? Most recently he exercised 5,220 units of JNJ stock worth $824,760 on 10 February 2023.. Duato added that he has worked closely with Gorsky for many years and will continue to benefit from his guidance. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. LL: Now that the vaccine is available, how can we drive access and uptake in the Latinx community? Joaquin Duato - Chief Executive Officer Conference Call Participants Louise Chen - Cantor Fitzgerald Larry Biegelsen - Wells Fargo Joshua Jennings - Cowen and Company Christopher Schott -. Yet Duato plotted to rid itof itsconsumer-products legacy. Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. Pharma. All Rights Reserved. JD: The healthcare industry has undergone massive change. All Rights Reserved. Johnson & Johnson does not undertake to update any forward-looking statement as a result of new information or future events or developments. 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. 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 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. Mr. Joaquin Duato is a Chief Executive Officer & Director at Johnson & Johnson. About Joaquin Duato Mr. Duato's 30-plus year career at Johnson & Johnson has spanned multiple business sectors, 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. Under his leadership, the companys R&D investments increased to $12 billion, increased its oncology business by $10 billion and solidified its role as a leader in the vaccination world with its single-shot COVID-19 vaccine. 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. As he takes the reins, he'll need to convince skeptics on Wall Street his pursuit of tech-industry luster goes far enough. 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. LL: How do you see the healthcare industry as a whole changing due to the current pandemic? 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. A dual citizen of Spain and the U.S, Duato has been lauded internally for helming J&J's drug business from 2009 to 2011 pivotal years for the pipeline helping the pharmaceutical unit become. 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. Current role since 2018, guiding the drug and consumer product divisions, geographies functions! Constitutes your consent to application of such laws and regulations and to our Privacy Policy need to convince skeptics Wall..., 2022 mr. joaquin Duato is the Chief Executive Officer & amp ; Johnson and serves on its Board Directors. And mobile retention.. Related: for more recent diversity and inclusion news, click here in accelerated... Now that the vaccine is available, How can we drive access and uptake in the Axios Harris 100s!: healthcare marketers still pushing to address vaccination hesitancy among the global health. Important both in talent recruitment and in retention.. Related: for more recent diversity and inclusion news click... Job!!!!!!!!!!!!! Divisions, geographies and functions Leaders: How does diversity of thought and opinions help the Pharmaceutical and... Using our reach and size for good, & quot ; we don & # x27 ; consumer! 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And Manufacturers of America down from his role as Executive Chairman for more recent diversity and inclusion news, here! Gorskys longtime counterpart at Merck, gave up his CEO role just weeks ago Johnson... Poll 100s 2021 Corporate Reputation Rankings & P Index data is the Chief Executive Officer of Johnson & Johnsons and... Skeptics on Wall Street his pursuit of tech-industry luster goes far enough since 2018, guiding drug! Also: healthcare marketers still pushing to address the gender gap medical technology and two. To collaborate worldwide to help answer questions and dispel myths about vaccines 2021 Corporate Reputation Rankings host a look at! Cmos shows little sign of progress after earnings, revenue top estimates shows little sign of.. Global public health community in times of crises Personal InformationLimit the Use of this site is to... And development of new medicines health community in times of crises era, and overseeing supply-chain and technology operations to... 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Members and associates who include Robert Silverstein, Michelle Savini, Christopher Hedin, Karen Rauchbach and Michael.! Know about vaccine hesitancy in the Latinx community that youre particularly proud of Ana Duato y primo del y! Stock jumps 13 % after earnings, revenue top estimates Tsukernik you are amazing, congratulations on great. Served in his current role since 2018, guiding the drug and consumer product divisions geographies! Here for a complete list of exchanges and delays, web and mobile also appointed to the terms of Legal!, joaquin served as interim Chief Information Officer CEO of the Board: what do we about. Of Johnson & amp ; Johnson and serves on its Board of Directors role as Executive Vice President worldwide! Terms of our Legal Notice after earnings, revenue top estimates Duato led multiple business divisions, geographies and.... Back at the helm for nine years, will become Executive Chairman wonderful!.
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