Machine learning, when combined with genetics, is also accelerating the discovery and development of new medicines. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the worlds largest, most diversified healthcare products company. We have lots of information about Joaquin: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is none. 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. 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. He is a member of high profile boards, including the Business Council and the Business Roundtable. From 2018, he added responsibilities for the company's consumer business,. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. 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.. Despite his incredible success, he was also quick to add just how excited he was to pass the companys rings to his successor. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. Any forward-looking statement made in this release speaks only as of the date of this release. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. I try to understand the individual and what strengths they have, the ones that make the person special and different, he says. Joaquin Duato, J&J CEO (Photo by Charles Sykes/Invision/AP) January 25, 2022 12:50 PM EST. About Joaquin Duato Mr. Duato's 30-plus year career at Johnson & Johnson has spanned multiple business sectors, geographies and functions. 08.23.21. 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. All Rights Reserved. For a global organization like ours, its essential to be a diverse company in gender, ethnicity, geographic origin, educational background, and more. Create your free account or log in to continue reading this premium content. Joaquin Duato has been working as a Chairman & Chief Executive Officer at Johnson & Johnson for 34 years. Get this delivered to your inbox, and more info about our products and services. 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. 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. Duato will succeed Alex Gorsky, who will step down from his role as executive chairman following a brief transitional period. 1 killer, Why Delta Air Lines' health chief thinks the airplane mask mandate will soon be lifted, Walgreens turns to robots to fill prescriptions, as pharmacists take on more responsibilities. That diversity gets us closer to our customer base, Duato points out. "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. 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. 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. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. "For the consumer health company, it's going to be an opportunity to deepen the relationships with consumers to attract new investors, to inspire employees, and to be able to have a fit-for-purpose model with their own capital location priorities and then for the new Johnson & Johnson it is going to be an opportunity to be more focused, more competitive and to deliver increased growth," Duato said. Today, as the worlds largest diversified healthcare products company, we are committed to using our reach and size for good. Your use of the information on this site is subject to the terms of our Legal Notice. [5] Duato was past chair of Pharmaceutical Research and Manufacturers of America (PhRMA). 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. Joaquin has long believed in the power of technology to accelerate progress in healthcare. 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. When the COVID-19 pandemic began he oversaw the Companys rapid response to the crisis and drove coordination of global initiatives to safeguard the health of employees, ensure business and supply chain continuity, and accelerate the development of a COVID-19 vaccine. Joaquin has many family members and associates who include Robert Silverstein, Michelle Savini, Christopher Hedin, Karen Rauchbach and Michael Stappas. Alex began his Johnson & Johnson career as a sales representative with Janssen Pharmaceutica in 1988. The former army captain and endurance athlete who takes spin classes alongside his employees has long been speculated to one day seek political office. Joaqun Duato, hasta ahora vicepresidente del grupo, sustituir desde el 3 de . 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. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, S&P 500 Slumps to Lowest in Nearly Six Weeks: Markets Wrap, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. El espaol Joaqun Duato ser el nuevo CEO de Johnson & Johnson tras renunciar Gorsky. 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. Prior to becoming Johnson & Johnsons latest CEO, Duato has spent more than 30 years working within the organization he will soon be heading. Chairman of the Board and Chief Executive Officer. Gorsky joins a parade of blue-chip executives who are moving on after long careers punctuated by the pandemic. During his 30-plus year career at J&J, Duato led multiple business divisions, geographies and functions. Contact Us with any questions or search this site for more information. 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. Yet Duato plotted to rid itof itsconsumer-products legacy. 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. Johnson & Johnson said Thursday that Joaquin Duato will transition to the role of CEO on January 3, replacing Alex Gorsky. 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. 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. 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. Contract & Freelance Partner Opportunities, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Duato, who has also been at the company for more than three decades, is the vice-chair of J&J's executive committee. Previously, Joaquin served as the Vice Chairman of the Executive Committee, where he provided strategic direction for the Pharmaceutical and Consumer Health sectors and oversaw both Information Technology and the Global Supply Chain. 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. 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. Johnson & Johnson served as a presenting sponsor for fundraising events UNICEF Changemaker 2020, where the above segment first aired, and UNICEF Snowflake Ball 2019. 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Joaquin Duato is surrounded by relics of the 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.. 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. His mother was a nurse, his grandfather was a pediatrician, and his grandmother a pharmacist. The site youre being redirected to is a branded pharmaceutical website. It is extremely important for us to collaborate worldwide to help combat this disease. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the world's largest, most diversified healthcare products company. 3 We also partnered closely with the US government throughout the development process to ensure we were meeting important ethical and scientific standards. But the new chief executive officerisnt interested in artifacts. Beginning early last year, we initiated a multipronged response to the COVID-19 pandemic, which includes developing a vaccine, and providing support to those most in need. Salesforce stock jumps 13% after earnings, revenue top estimates. This is closely followed by the CDC, family/friends and then by state and local health departments/officials. 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. The reader is cautioned not to rely on these forward-looking statements. That is why I believe. Along with its drugs unit, its medical devices and consumer products divisions have rebounded sharply from the pandemic. The estimated Net Worth of Jennifer L Taubert is at least $42.8 Million dollars as of 22 November 2022. All contents Copyright Johnson & Johnson Services, Inc.1997-2023. Joaquin Duato will be leading Johnson & Johnson as a new CEO of Johnson & Johnson - Get Free Report starting January 3. And what we do best is to continue to develop medicines, medical devices, consumer products that improve consumer lives and also are able to address patients' needs.". He earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. J&J's Joaquin Duato: Diversity is 'essential' Under Duato, the leadership team for Johnson & Johnson's pharma group includes six women. He is on the Board of Directors at Johnson & Johnson, U.S.-Spain Council, Inc. and Save The Children Federation, Inc . He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology operations. There is no bigger or better known health-care conglomerate in the world. As Vice Chairman of the Executive Committee, he provides . Even with a massive dip during last years market crash, the shares have gained 22% since the beginning of 2020. We are confident that Joaquin is uniquely qualified and the right person to lead Johnson & Johnson into the future, Mulcahy said in a statement. If he doesn't abandontradition for innovation, we will be left behind, he says. LL: What do we know about vaccine hesitancy in the Latinx community? But the 61-year-old cited family health reasons as partially motivating his departure. With a 134-year history and 136,000 employees, J&J is known for tapping internal candidates. The site youre being redirected to is a branded pharmaceutical website. Related: For more recent diversity and inclusion news, click here. 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 . To hear Duato tell it, one of the most underrated components of mentorship is amplification. These statements are based on current expectations of future events. Joaquin Duato at Johnson & Johnson headquarters in New Jersey. [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. 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. This passion stems from his belief that the healthcare industry must undergo a digital revolution to truly change the trajectory of human health. As the world's most broadly based healthcare company, Johnson & Johnson has a 136-year legacy of innovating . Representation and inclusion is part of our DNA. 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Cautions Concerning Forward-Looking StatementsThis press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. [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. I believe that moving forward, we will take the lessons we have learned from the COVID-19 pandemic humanitarian crisis as we look to consider and prioritize the health of all communities, patients, consumers, and their families. Pronunciation of Joaquin Duato with 4 audio pronunciations. (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 . In his place, Joaquin Duato, the company's current Executive Committee Vice Chairman, will become the company's new CEO and a member of the . All Rights Reserved. JD: With our ENSEMBLE COVID-19 vaccine clinical trial, we employed intentional focus and purposeful tracking in the clinical trial design and experience, which allowed us to achieve our enrollment targets within populations disproportionately affected by the COVID-19 pandemic. Now its a museum parading J&Js 136-year heritage. Jan 26, 2023 09:15am. Inclusion is an integral part of how we will achieve the goals set forth in our Race for Health Equity. Duato grew up in Valencia, Spain. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. [3] Duato was appointed CEO in August 2021 which became effective on January 3, 2022. 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. They opened my mind and made me think about higher goals. [1] He is the chief executive officer (CEO) of Johnson & Johnson, an American multinational conglomerate. "We don't just talk about it," he says. Over our more than 25 years of working together, he has always demonstrated a passion for solving complex medical and business challenges. 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. 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.. 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. 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. He has inspired an entire generation of leaders with his passion for improving human health, built the best team in the industry and laid a strong foundation for the future of both Johnson & Johnson and Kenvue, the planned new Consumer Health company., The opportunity to lead Johnson & Johnson through such a pivotal time in the Companys history has been the great privilege of my life, said Alex Gorsky. By Charles Sykes/Invision/AP ) January 25, 2022, 59, is accelerating. Ahora vicepresidente del grupo, sustituir desde el 3 de, Michelle,. And functions are moving on after long careers punctuated by the pandemic or My... His Johnson & Johnson services, Inc.1997-2023 endurance athlete who takes spin classes alongside his employees has long believed the. 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Understand the individual and what strengths they have, the ones that make the person special and different he! Press release contains forward-looking statements also partnered closely with the us government throughout development!
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