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 Duato at Johnson & Johnson headquarters in New Jersey. As Vice Chairman of the Executive Committee, he provides . Aug 19, 2021 11:00PM EDT. "Joaquin truly supports the advancement and impact of women in the business of healthcare. Easy. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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 is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. 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. "We are very optimistic about the treatment modalities that we are bringing, like cell therapy that are going to enable us have an aspiration to be able to cure some diseases that were thought to be incurable," he said. Macleods issues third recall in span of 1 year, this time for labeling issues. 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. From his early days in Spain, Joaquin found inspiration in how healthcare improved patients lives. JD: The healthcare industry has undergone massive change. 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. Cautions Concerning Forward-Looking StatementsThis press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. As he takes the reins, he'll need to convince skeptics on Wall Street his pursuit of tech-industry luster goes far enough. El espaol Joaqun Duato ser el nuevo CEO de Johnson & Johnson tras renunciar Gorsky. You are now leaving jnj.com. 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. We want to hear from you. [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. It is influenced by factors such as confidence, convenience and complacency. 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. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. 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.. Jan 26, 2023 09:15am. Johnson & Johnson served as a presenting sponsor for fundraising events UNICEF Changemaker 2020, where the above segment first aired, and UNICEF Snowflake Ball 2019. His growth strategy led to the turnaround of Johnson & Johnsons struggling pharmaceutical business in the early 2000s. Joaquin has made over 15 trades of the Johnson & Johnson stock since 2017, according to the Form 4 filled with the SEC. We have lots of information about Joaquin: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is none. 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. (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 . Inclusion is an integral part of how we will achieve the goals set forth in our Race for Health Equity. Previously, Joaquin served as the Vice Chairman of the . [5] Duato was past chair of Pharmaceutical Research and Manufacturers of America (PhRMA). Esade Alumni has announced the winner of the 2022 Esade Award: Joaqun Duato, CEO of Johnson & Johnson and Esade alumnus. The consumer business is more affected by inflationary pressures and there is more concern throughout the market and economy that consumers will begin to buy "off brand" products when they have the option. 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. JD: Vaccine hesitancy refers to personal reluctance or refusal of vaccines even when they are readily available. His mother was a nurse, his grandfather was a pediatrician, and his grandmother a pharmacist. To reflect that, HCB Health has become Boundless Life Sciences Group. These statements are based on current expectations of future events. Behind him are 19th century baby soaps, 100-year-old Band-Aids, and other timeworn products that made Johnson & Johnson into a household name. He lives in Pennsylvania with his wife and has two grown children. Joaqun Duato, hasta ahora vicepresidente del grupo, sustituir desde el 3 de . That was a better performance than rival drugmakers Pfizer Inc. and Merck & Co., though health-care investors who opted for high-flying biotech stocks did better the Nasdaq Biotechnology Index quadrupled in that span. 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. About Joaquin Duato Mr. Duato's 30-plus year career at Johnson & Johnson has spanned multiple business sectors, geographies and functions. The role of Telehealth and remote working was more present than ever, and COVID-19 put the spotlight on personal and preventative health. 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. 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. 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. Powered and implemented by Interactive Data Managed Solutions. Under Alexs leadership, Johnson & Johnson continues to be one of the worlds exceptional corporations and is currently the number one pharmaceutical company on Fortune magazines list of the Worlds Most Admired Companies.. 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. 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. 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. This site is governed solely by applicable U.S. laws and governmental regulations. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. I have the utmost confidence in Joaquin to lead Johnson & Johnson as the Companys next CEO, Gorsky said. Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter Its bigger than the housing crisis: An influential economist just blamed NIMBYs for American decline, and Elon Musk CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information, Americans ineligible for COVID booster shots are already. Copyright 2023 Haymarket Media, Inc. All Rights Reserved This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". To meet the needs and desires of our customers and community, we must have a workforce that generally reflects that ethnic and racial diversity. Were only able to tackle this problem at home if we address it worldwide. 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. Our Standards: The Thomson Reuters Trust Principles. LL: What was the basis for J&J to pursue emergency use authorization? 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.. 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. AboutPressCopyrightContact. Nonetheless, investor goodwill remains strong in the company. Duato, the current vice chairman of the executive committee, will take the reins and a seat on the board from Jan. 3. 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. Duato grew up in Valencia, Spain. All rights reserved. During the COVID-19 pandemic, he spearheaded the companys rapid response to safeguard employee health and coordinated global supply chain continuity efforts, ensuring that the companys lifesaving medicines and products reached patients in need. The bio: Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. He is on the Board of Directors at Johnson & Johnson, U.S.-Spain Council, Inc. and Save The Children Federation, Inc . We dont just talk about it, he says. All Rights Reserved. I try to amplify those strengths in our time together, rather than minimize shortcomings, he explains. 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. 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. 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. Most recently he exercised 5,220 units of JNJ stock worth $824,760 on 10 February 2023.. 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. Contact Us with any questions or search this site for more information. [5] Duato was Healthcare Businesswomens Association Honorable Mentor honoree and EVP in 2017. Your use of the information on this site is subject to the terms of our Legal Notice. Duato is trilingual, speaking English, Spanish, and Italian. Pharma. A Division of NBCUniversal. Please click below to continue to that site. 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. He is a member of high profile boards, including the Business Council and the Business Roundtable. 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. 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. Educating physicians and investigators and working with diverse clinical trial personnel. Gorsky, who was at the helm for nine years, will become executive chairman. In addition, she makes $7,097,300 as Executive Vice President - Worldwide Chairman and . Create your free account or log in to continue reading this premium content. He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Priority No. Whenever [mentorship is used] that way, it can lead to misunderstandings and frustration, he admits. He earned his MBA from the Wharton School of the University of Pennsylvania in 1996. For a global organization like ours, its essential to be a diverse company in gender, ethnicity, geographic origin, educational background, and more. 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. LL: Why is it important to have collaboration among the global public health community in times of crises? 5 To put better health in reach for everyone and drive vaccine uptake, we need to meet people where they are. 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. LL: Now that the vaccine is available, how can we drive access and uptake in the Latinx community? Johnson & Johnson Names CEO Joaquin Duato as Chairman of the Board. Even with a massive dip during last years market crash, the shares have gained 22% since the beginning of 2020. See here for a complete list of exchanges and delays. Joaquin Duato. CVS and Walgreens confirmed last month that their pharmacies were limiting the. 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. Over our more than 25 years of working together, he has always demonstrated a passion for solving complex medical and business challenges. 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. Got a confidential news tip? 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. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the worlds largest, most diversified healthcare products company. Thats why its so important for us to engage in these types of conversations to help answer questions and dispel myths about vaccines. 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. 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. 2023 Fortune Media IP Limited. Jan 26, 2023 11:12am. Our Credo is clear. LL: How did J&J consider diversity in clinical trials for your COVID-19 Vaccine? [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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. But the new chief executive officerisnt interested in artifacts. Duato is a dual citizen of Spain and the United States. In terms of manufacturing, weve forged new partnerships across the globe. LL: Tell me about something J&J is doing to address vaccination hesitancy among the LatinX community that youre particularly proud of? It has been an honor and privilege to lead this company as Chairman and CEO for nearly a decade, and I am pleased to serve as Executive Chairman to help oversee Johnson & Johnsons ongoing progress in improving the health of people and communities everywhere, Gorsky said in a statement. 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. The industry leader for online information for tax, accounting and finance professionals. 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