Dual Citizenship: Duato holds dual citizenship from Spain and the United States. 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. LL: How was Johnson & Johnson able to develop a vaccine in an accelerated timeframe while meeting ethical and scientific standards? In the U.S., this included significant representation of Black, Hispanic/Latinx, American Indian and Alaskan Native participants in the ENSEMBLE clinical trial. Gorsky, who was at the helm for nine years, will become executive chairman. "We don't just talk about it," he says. Powered and implemented by Interactive Data Managed Solutions. Pharma. Our Credo is clear. We saw a tectonic shift as slow-moving trends went into overdrive. Johnson & Johnson said Thursday that Joaquin Duato will transition to the role of CEO on January 3, replacing Alex Gorsky. 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. Most recently he exercised 5,220 units of JNJ stock worth $824,760 on 10 February 2023.. 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. Duato will succeed Alex Gorsky, who will step down from his role as executive chairman following a brief transitional period. All Rights Reserved. Duato, the current vice chairman of the executive committee, will take the reins and a seat on the board from Jan. 3. 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. 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.. Prior to that time, he held senior leadership positions over his 30-plus year career with the Company across multiple business sectors, geographics and functions. 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. 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. Get the top DEI news delivered straight to your inbox, New Brunswick, New Jersey-based multinational pharmaceutical giant Johnson & Johnson (a DiversityInc. 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. With a 134-year history and 136,000 employees, J&J is known for tapping internal candidates. 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. These statements are based on current expectations of future events. J&J's Joaquin Duato: Diversity is 'essential' Under Duato, the leadership team for Johnson & Johnson's pharma group includes six women. (18 votes) Very easy. Join us at MM+M Transform: The New Era of Connectivity for an in-depth look at trends likely to inform the industrys evolution over the next 18 months. At Johnson & Johnson, were mobilizing to support organizations that meet underrepresented communities where they are and engage at the grassroots level by involving respected elected representatives, trusted local and national faith leaders, community advocates, and other national and local organizations. Contact Us with any questions or search this site for more information. His mother was a nurse, his grandfather was a pediatrician, and his grandmother a pharmacist. Please click below to continue to that site. 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. Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. we must have a workforce that generally reflects that ethnic and . Copyright 2023 Haymarket Media, Inc. All Rights Reserved This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. 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. 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. Joaquin Duato. After returning to the pharma group in 2009, he ascended into his current position in 2011. [1] He is the chief executive officer (CEO) of Johnson & Johnson, an American multinational conglomerate. Alex began his Johnson & Johnson career as a sales representative with Janssen Pharmaceutica in 1988. 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 Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. Any forward-looking statement made in this release speaks only as of the date of this release. 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. I have the utmost confidence in Joaquin to lead Johnson & Johnson as the Companys next CEO, Gorsky said. Meanwhile, Wall Street and Washington have long awaited Gorskys next move. FORTUNE may receive compensation for some links to products and services on this website. Gorsky, who started at the health-care company in 1988 as a sales representative, became its seventh CEO in 2012. He also took a leading role in J&J's COVID-19 response and helped shape its pharmaceutical business strategy. You are now leaving jnj.com. Duato, 59, has been working for the company for over 30 years. Previously, Joaquin served as the Vice Chairman of the . Terms & Conditions. Interview by Mariana G. Briones Lideres Mexicanos guest editor for Latino Leaders. Joaquin Duato is responsible for Johnson & Johnson's Pharmaceuticals and Consumer sectors, along with Supply Chain, Technology and Health & Wellness. #jnj #mycompany #data #innovation Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. Mr. Duato has served as Johnson & Johnsons CEO and a member of the Board of Directors since January 3, 2022. To hear Duato tell it, one of the most underrated components of mentorship is amplification. 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. 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. During that time, the sector grew into what is today the fourth-largest innovative pharmaceutical company globally. The industry leader for online information for tax, accounting and finance professionals. See here for a complete list of exchanges and delays. That is why I believe. Duato will receive the award during the Esade Alumni Annual Conference, which will take place on 27th June at Teatre Nacional de Catalunya.. Duato, who was appointed CEO in January 2022, has been selected as the winner of this year's Esade Award for his responsible . It is influenced by factors such as confidence, convenience and complacency. AboutPressCopyrightContact. Despite his incredible success, he was also quick to add just how excited he was to pass the companys rings to his successor. 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. You dont have to try too hard to make a human case for mentoring. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology operations. Copies of these filings are available online at www.sec.gov, www.jnj.com or on request from Johnson & Johnson. 08.23.21. "We can do genomic sequencing, and at the same time with large data sets, utilize AI and machine learning to create patterns in which we can correlate diseases with genomic profiling, to identify what are going to be the underpinnings of diseases that are going to be the triggers, the targets that we are going to be able to utilize in our discovery," Duato said. Pharmaceutical Research and Manufacturers of America, "Next decade will transform health care more than past century: Johnson & Johnson CEO", "J&J's CEO Plans to Step Down. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the world's largest, most diversified healthcare products company. 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. 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. "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. We dont just talk about it, he says. Your use of the information on this site is subject to the terms of our Legal Notice. This passion stems from his belief that the healthcare industry must undergo a digital revolution to truly change the trajectory of human health. Johnson & Johnson announced Thursday evening that Joaquin Duato will become CEO effective Jan. 3, replacing Alex Gorsky. Tylenol and Motrin are both over-the-counter medicines that are commonly used to relieve pain and reduce fevers. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. There is no bigger or better known health-care conglomerate in the world. [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. You are now leaving jnj.com. "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. See here for a complete list of exchanges and delays. "Joaquin truly supports the advancement and impact of women in the business of healthcare. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Subscribe to Fortune Dailyto get essential business stories straight to your inbox each morning. 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. In his current role, he provides strategic direction for the Pharmaceutical and Consumer Health sectors (a $60 billion portfolio) and oversees the Global Supply Chain, Technology and Health & Wellness teams. As he takes the reins, he'll need to convince skeptics on Wall Street his pursuit of tech-industry luster goes far enough. Our Standards: The Thomson Reuters Trust Principles. 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. 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. 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. Duato is a dual citizen of Spain and the United States. A dual citizen of Spain and the United States, Joaquins international perspective gives him a deep appreciation of diversity in all forms. 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 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. Visit a quote page and your recently viewed tickers will be displayed here. Already a speaker of English, Spanish and Italian, he used that brief stint to learn a different language. To reflect that, HCB Health has become Boundless Life Sciences Group. El gigante de productos de gran consumo y farmacutico Johnson & Johnson tendr un consejero delegado espaol. Duato, who has also been at the company for more than three decades, is the vice-chair of J&J's executive committee. He is on the Board of Directors at Johnson & Johnson, U.S.-Spain Council, Inc. and Save The Children Federation, Inc . Duato grew up in Valencia, Spain. Gorsky, whos been at the helm for nine years, will become executive chairman. J&J shares, including reinvested dividends, more than tripled under Gorskys tenure. 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. All contents Copyright Johnson & Johnson Services, Inc.1997-2023. The shot is still seen as important to fighting the pandemic, and J&J is working to ramp up supply through the end of the year. 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. 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. The estimated Net Worth of Jennifer L Taubert is at least $42.8 Million dollars as of 22 November 2022. 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. Tras 30 aos en la compaa: "La decisin ha sido una de las ms difciles de mi carrera" Before becoming CEO in 2022, Joaquin served as Vice Chairman of the Executive Committee, where he provided strategic direction for the Pharmaceuticals and Consumer Health sectors and oversaw both Information Technology and the Global Supply Chain. As Vice Chairman of the Executive Committee, he provides . Gorsky, who has served as CEO and chairman since 2012, will become. Johnson & Johnson Names CEO Joaquin Duato as Chairman of the Board. Duato said the company is gaining share in its priority medtech platforms and expects "good" performance this year. The rules of the past no longer apply after the seismic events of the past three years. 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. Duato is trilingual, speaking English, Spanish, and Italian. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology . But the 61-year-old cited family health reasons as partially motivating his departure. They opened my mind and made me think about higher goals. 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. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the world's largest, most diversified healthcare products company. 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