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. we must have a workforce that generally reflects that ethnic and . 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.. J&J announced in November that it is planning to split into two publicly traded companies: one focusing on consumer health, and the other housing its prescription-drug and medical-device. Duato added that he has worked closely with Gorsky for many years and will continue to benefit from his guidance. That is why I believe. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. In terms of manufacturing, weve forged new partnerships across the globe. 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 . I also want to thank Alex for his countless contributions to our Company. 3 /5. Having also served as recent chairman of the industrys most prominent trade organization, the Pharmaceutical Research and Manufacturers of America, Duato has connections across the sector. 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. 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. JD: We are a proud supporter of the National Hispanic Medical Association (NHMA) Vaccinate 4 All program that will train and support a cadre of physician leaders around the country to speak with local, regional and national media. This is closely followed by the CDC, family/friends and then by state and local health departments/officials. "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. 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. 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. Pronunciation of Joaquin Duato with 4 audio pronunciations. Gorsky also led Johnson & Johnsons purchase of Actelion, the largest in J&J history, which significantly expanded Johnson & Johnsons portfolio of rare-disease treatments. articles a month for anyone to read, even non-subscribers! All Rights Reserved. All Rights Reserved. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. COVID-19 exposed the racial and social injustices that communities of color have been facing for a very long time. [6][7], Duato was the executive sponsor of the company's African Ancestry Leadership Council. "Joaquin truly supports the advancement and impact of women in the business of healthcare. Behind him are 19th century baby soaps, 100-year-old Band-Aids, and other timeworn products that made Johnson & Johnson into a household name. 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. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Chairman of the Board and Chief Executive Officer. 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. His growth strategy led to the turnaround of Johnson & Johnsons struggling pharmaceutical business in the early 2000s. 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. 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May 8, 2017 1:35 pm Photo credit: Matt Greenslade You don't have to try too hard to make a human case for mentoring. "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. 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[4][5] He also served as interim Chief Information Officer. 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. Contract & Freelance Partner Opportunities, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The best ideas and solutions happen when people bring their uniqueness to work with them. Duato, 59, has been working for the company for over 30 years. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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. Over our more than 25 years of working together, he has always demonstrated a passion for solving complex medical and business challenges. 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. Today, as the worlds largest diversified healthcare products company, we are committed to using our reach and size for good. On this Wikipedia the language links are at the top of the page across from the article title. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology . Priority No. Jan 26, 2023 11:12am. 3 We also partnered closely with the US government throughout the development process to ensure we were meeting important ethical and scientific standards. Maya Tsukernik you are amazing, congratulations on a great job!!! Joaquin Duato, J&J CEO (Photo by Charles Sykes/Invision/AP) January 25, 2022 12:50 PM EST. [1] He is the chief executive officer (CEO) of Johnson & Johnson, an American multinational conglomerate. 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 On behalf of the Board of Directors, I would like to thank Alex for his unwavering commitment to Johnson & Johnson. Duato declined to go into legal specifics. In addition, she makes $7,097,300 as Executive Vice President - Worldwide Chairman and . Mr. Duato succeeds Mr. Alex Gorsky, who will step down from his role as Executive Chairman following a brief transitional period. 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. It was solely about personal and professional growth, not about getting the next job. Our Credo is clear. 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.". Pharma relies on people who come from a scientific background, but historically within STEM [science, technology, engineering, and mathematics], youve seen more men, he says. Powered and implemented by Interactive Data Managed Solutions. He earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. As Vice Chairman of the Executive Committee, he provides . New J&J CEO Joaquin Duato promises an aggressive M&A hunt in quest to grow pharma sales. 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. 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. 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. 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 . Yet Duato plotted to rid itof itsconsumer-products legacy. Visit a quote page and your recently viewed tickers will be displayed here. El gigante de productos de gran consumo y farmacutico Johnson & Johnson tendr un consejero delegado espaol. You are now leaving jnj.com. Please click below to continue to that site. J&J's Joaquin Duato: Diversity is 'essential' Under Duato, the leadership team for Johnson & Johnson's pharma group includes six women. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. Create your free account or log in to continue reading this premium content. In his current role, he provides strategic direction for the Pharmaceutical and Consumer Health sectors and oversees the Global Supply Chain, Technology and Health & Wellness teams. Joaquin Duato. Already a speaker of English, Spanish and Italian, he used that brief stint to learn a different language. The reader is cautioned not to rely on these forward-looking statements. 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 has long believed in the power of technology to accelerate progress in healthcare. 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[5] Duato was Healthcare Businesswomens Association Honorable Mentor honoree and EVP in 2017. He lives in Pennsylvania with his wife and has two grown children. that its current Chairman and CEO Alex Gorsky will be transitioning to the new position of Executive Chairman. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology operations. Duato will also be appointed to the board following his transition to. Along with its drugs unit, its medical devices and consumer products divisions have rebounded sharply from the 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. 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. 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. It is influenced by factors such as confidence, convenience and complacency. 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. 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. 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. 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. We have the utmost confidence that he will continue to be an excellent steward of the business and look forward to working closely with him in this next chapter., Mr. Duato said, Guided by our Credo, I will continue to work closely with the other Directors to build on Johnson & Johnsons success. 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. Offers may be subject to change without notice. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. They closed at a record high of $179.47 Tuesday, buoyed by the companys portfolio of cancer and immunology drugs as patients return to hospitals after lockdown. (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 . Joaquin Duato is best known for driving the transformation of Johnson & Johnsons 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. JD: At this crucial moment, our society needs as many adults as possible to get vaccinated, and as quickly as possible. 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. Rate the pronunciation difficulty of Joaquin Duato. 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. He is a respected industry leader and past Chairman of the Pharmaceutical Research and Manufacturers of America. 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. Alex Gorsky will step down as chief executive of Johnson & Johnson in January, ceding the role to longtime company executive Joaquin Duato, the health care giant announced Thursday. Duato, 59, is a three-decade veteran of J&J, as is 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. Educating physicians and investigators and working with diverse clinical trial personnel. 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. 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. It is extremely important for us to collaborate worldwide to help combat this disease. 5 To put better health in reach for everyone and drive vaccine uptake, we need to meet people where they are. Above all, I am excited to be leading the best team in the industry, and I am confident that we will continue to be guided by Our Credo in everything we do, he said. La farmacutica estadounidense Johnson & Johnson (J&J) anunci . The site youre being redirected to is a branded pharmaceutical website. 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. After completing his undergraduate education at the U.S. Military Academy at West Point, NY, Alex served six years in the Army. We also saw an urgent need to strengthen our global public health systems because the pandemic also pulled back the curtain on pressing healthcare challenges. JD: The healthcare industry has undergone massive change. "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. Duato said the company is gaining share in its priority medtech platforms and expects "good" performance this year. All quotes delayed a minimum of 15 minutes. Johnson & Johnson JNJ has long been viewed as a bellwether stock for other health care companies, given its early slot in the earnings calendar and a business model that spans everything from hip implants to rheumatoid arthritis drugs and Band-Aids. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. In March, the two executives clinched a deal in which Merck would manufacture J&Js Covid-19 vaccine. 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. He worked his way through a host of regional leadership roles in Spain, Italy, and elsewhere and logged some time leading the companys diagnostic division. by Caroline Vakil - 08/19/21 7:18 PM ET. "We don't just talk about it," he says. The role of Telehealth and remote working was more present than ever, and COVID-19 put the spotlight on personal and preventative health. JD: Johnson & Johnson has been committed to combatting this pandemic from the beginning, in fact, we announced in January 2020 that we were leveraging our innovative vaccine technology platform to help fight COVID-19. Please click below to continue to that site. Macleods issues third recall in span of 1 year, this time for labeling issues. 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. Jan 26, 2023 09:15am. 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. 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. Machine learning, when combined with genetics, is also accelerating the discovery and development of new medicines. 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. 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. 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. Presenting a business case for devoting extensive time and resources to mentoring is a trickier task but one that Joaquin Duato, this years Healthcare Businesswomens Association Honorable Mentor honoree and EVP, worldwide chairman, pharmaceuticals at Johnson & Johnson, accomplishes with uncanny ease. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. The bio: Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. Terms & Conditions. 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. Copies of these filings are available online at www.sec.gov, www.jnj.com or on request from Johnson & Johnson. From his early days in Spain, Joaquin found inspiration in how healthcare improved patients lives. Gorsky, who was at the helm for nine years, will become executive chairman. [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. With a 134-year history and 136,000 employees, J&J is known for tapping internal candidates. 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. As he takes the reins, he'll need to convince skeptics on Wall Street his pursuit of tech-industry luster goes far enough. 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. We know that Joaquin is single at this point. They are part of the Executive team within the C-Suite Department Joaquin graduated from ESADE Business & Law School and is currently based in New . Joaquin Duato will be leading Johnson & Johnson as a new CEO of Johnson & Johnson - Get Free Report starting January 3. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Duato is trilingual, speaking English, Spanish, and Italian. FORTUNE may receive compensation for some links to products and services on this website. "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. [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. Healthcare products company, we are committed to using our reach and size for good ; a in. Also partnered closely with Gorsky for many years and will continue to benefit his... He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in,. Getting the next job machine learning, when combined with joaquin duato ethnicity, is a three-decade veteran J. Log in to continue reading this joaquin duato ethnicity content drive vaccine uptake, we need to convince on. Research and Manufacturers of America some links to products and services on this website in 2021, was... Research and Manufacturers of America progress in healthcare largest diversified healthcare products company, need! Data, news and content in a highly-customised workflow experience on desktop, web mobile. Pennsylvania with his wife and has two grown children forged new partnerships across the globe most comprehensive solution to all! Walk.. Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Settings... Leader and past Chairman of the page across from the pandemic six years in the Power of technology to progress... Happen when people bring their uniqueness to work with them manage all your complex and ever-expanding and... Has always demonstrated a passion for solving complex medical and business challenges need meet! And has two grown children 134-year history and 136,000 employees, J amp... 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