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. For a global organization like ours, its essential to be a diverse company in gender, ethnicity, geographic origin, educational background, and more. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. He earned his MBA from the Wharton School of the University of Pennsylvania in 1996. Educating physicians and investigators and working with diverse clinical trial personnel. Jan 26, 2023 09:15am. 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. (Podcast). Joaquin Duato, who led J&J's pharmaceuticals business before becoming a Gorsky deputy, will become chief executive and join the company's board of directors. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Duato is a dual citizen of 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. The former army captain and endurance athlete who takes spin classes alongside his employees has long been speculated to one day seek political office. On behalf of the Board of Directors, I would like to thank Alex for his unwavering commitment to Johnson & Johnson. Today, as the worlds largest diversified healthcare products company, we are committed to using our reach and size for good. 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. Joaquin has made over 15 trades of the Johnson & Johnson stock since 2017, according to the Form 4 filled with the SEC. Rate the pronunciation difficulty of Joaquin Duato. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. Deloitte does not. He spent nearly a decade as executive sponsor for the African Ancestry Leadership Council employee resource group and is committed to building an inclusive workforce that reflects the patients J&J serves. Copies of these filings are available online at www.sec.gov, www.jnj.com or on request from Johnson & Johnson. He currently sits on the boards ofUNICEF USA, Tsinghua University School of Pharmaceutical Sciences and Hess Corp. Shares of New Brunswick, New Jersey-based J&J were little changed in trading after U.S. markets closed. Joaquin Duato (born April 1962) is a Spanish-American business executive. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. Thats why its so important for us to engage in these types of conversations to help answer questions and dispel myths about vaccines. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. 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. Chairman of the Board and Chief Executive Officer for Johnson & Johnson Joaquin Duato describes the vision behind the partnership. 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. 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. 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. 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. "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. 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. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 08.23.21. 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. A Division of NBCUniversal. 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. His career in healthcare was influenced by his family. Joaquin has long believed in the power of technology to accelerate progress in healthcare. 2023 Fortune Media IP Limited. Duato grew up in Valencia, Spain. Difficult. 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. 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. Chairman of the Board and Chief Executive Officer. 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. Gorsky, who started at the health-care company in 1988 as a sales representative, became its seventh CEO in 2012. Thats my number one concern.. I have the utmost confidence in Joaquin to lead Johnson & Johnson as the Companys next CEO, Gorsky 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 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. 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 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. 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. Joaquin Duato: Diversity of thought and opinions in the pharmaceutical industry is critical just as it is in every business. Our Standards: The Thomson Reuters Trust Principles. Please click below to continue to that site. To reflect that, HCB Health has become Boundless Life Sciences Group. The decision to step aside was one of the most difficult of my career, Gorsky said in the statement. Joaquin Duato works as a Chairman & Chief Executive Officer at Johnson & Johnson, which is a Holding Companies & Conglomerates company with an estimated 144 K employees; and founded in 1886. Contact Us with any questions or search this site for more information. J&J's Joaquin Duato: Diversity is 'essential' Under Duato, the leadership team for Johnson & Johnson's pharma group includes six women. We have to make specific outreach to women on the STEM side. [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. 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. Johnson & Johnson is spinning off its consumer health business from its biotech and medical technology and forming two companies. 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. About Joaquin DuatoJoaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. We dont just talk about it, he says. You are now leaving jnj.com. 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. About Joaquin Duato Mr. Duato's 30-plus year career at Johnson & Johnson has spanned multiple business sectors, geographies and functions. He started at the company in 1989, working in sales in his home country of Spain. These statements are based on current expectations of future events. Romaine Bostick breaks down the day's top stories and trading action leading into the close. Offers may be subject to change without notice. by Caroline Vakil - 08/19/21 7:18 PM ET. Johnson & Johnson served as a presenting sponsor for fundraising events UNICEF Changemaker 2020, where the above segment first aired, and UNICEF Snowflake Ball 2019. The site youre being redirected to is a branded pharmaceutical website. He was also appointed to the companys board of directors. JOIN US FOR HEALTHY RETURNS SUMMIT ON MARCH 29 2023. El gigante de productos de gran consumo y farmacutico Johnson & Johnson tendr un consejero delegado espaol. We strive to improve access and affordability, create healthier communities, and put a healthy mind, body and environment within reach of everyone, everywhere. Now its a museum parading J&Js 136-year heritage. 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. 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. Please see our Privacy Policy. 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. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology . Machine learning, when combined with genetics, is also accelerating the discovery and development of new medicines. Under Duato, the leadership team for Johnson & Johnson's pharma group includes six women. During his 30-plus year career at J&J, Duato led multiple business divisions, geographies and functions. As part of this, were also partnering with leading organizations on vaccine education, including the National Hispanic Medical Associations #Vaccinate4All effort. The NHMAs effort will help reach more Hispanic audiences with the facts and context they need to make informed decisions about getting vaccinated. 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. J&J veteran Duato replaced Gorsky as CEO earlier this year after . You are now leaving jnj.com. The reader is cautioned not to rely on these forward-looking statements. Gorsky, who has served as CEO and chairman since 2012, will become. Sign up for free newsletters and get more CNBC delivered to your inbox. Already a speaker of English, Spanish and Italian, he used that brief stint to learn a different language. Our Credo is clear. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Priority No. 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. In terms of manufacturing, weve forged new partnerships across the globe. 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. Interview by Mariana G. Briones Lideres Mexicanos guest editor for Latino Leaders. Duato cited the recent approval of CARVYKTI, an antigen receptor T-cell therapy for the treatment of multiple myeloma, which helped 98% of patients who were otherwise likely to be headed for hospice care. He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Gorsky joins a parade of blue-chip executives who are moving on after long careers punctuated by the pandemic. Duato, the current vice chairman of the executive committee, will take the reins and a seat on the board from Jan. 3. Pronunciation of Joaquin: Learn how to pronounce the word Joaquin.Definition and meaning can be found here: https://www.google.com/search?q=define+JoaquinThe. This is closely followed by the CDC, family/friends and then by state and local health departments/officials. articles a month for anyone to read, even non-subscribers! Johnson & Johnson said Thursday that Joaquin Duato will transition to the role of CEO on January 3, replacing Alex Gorsky. Your use of the information on this site is subject to the terms of our Legal Notice. 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. 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. From 2018, he added responsibilities for the company's consumer business,. Overall, these circumstances have redoubled our efforts - and the efforts of our peers to tackle these healthcare challenges. by Joaquin Duato, vice chairman of the executive committee, Johnson & Johnson Editor's note: These views and opinions do not reflect those of Deloitte or its personnel. The bio: Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. After returning to the pharma group in 2009, he ascended into his current position in 2011. 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. 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. 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. Even with a massive dip during last years market crash, the shares have gained 22% since the beginning of 2020. Joaquin Duato is responsible for Johnson & Johnson's Pharmaceuticals and Consumer sectors, along with Supply Chain, Technology and Health & Wellness. Joaquin earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. Moderate. "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. Xi Jinping Doesnt Love Them Back, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, Iran Schoolgirls Targeted by MorePoison Attacks, Sparking Protests, NFL Loses Bid to Arbitrate Ex-Miami Coachs Race-Bias Claims, EU Seeks to Salvage Combustion-Engine Ban After Germany Balks, Gas Stoves Are One Step Closer to New Rules, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Pharma. "We don't just talk about it," he says. They averaged a 15% annual return, in line with the S&P 500 Index. He champions the integration of data science, intelligent automation and new technologies to solve complex biomedical research and business operation challenges with maximum speed and efficiency. (Reuters) -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 . Duato said the company is gaining share in its priority medtech platforms and expects "good" performance this year. . Reducing and/or removing logistical barriers for underrepresented populations. The industry leader for online information for tax, accounting and finance professionals. Partnering with minority health and community advocacy groups, such as the National Black Church Initiative (NBCI), 3. Implementing tools and strategies to raise patient awareness and understanding of clinical trials to successfully enroll high percentages of underserved populations, 2. 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