J&J's Joaquin Duato: Diversity is 'essential' Under Duato, the leadership team for Johnson & Johnson's pharma group includes six women. Pronunciation of Joaquin Duato with 4 audio pronunciations. 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. 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. You are now leaving jnj.com. Gorsky also led Johnson & Johnsons purchase of Actelion, the largest in J&J history, which significantly expanded Johnson & Johnsons portfolio of rare-disease treatments. These statements are based on current expectations of future events. 1, Duato told CNBC's Meg Tirrell at Healthy Returns on Wednesday, is the opportunity "to create more progress in health in this decade than we have seen in the last 100 years.". The site youre being redirected to is a branded pharmaceutical website. We understand that we have a high bar and a high expectation from society overall.Yes, we have some challenges when you refer to the litigation. Duato, 59, currently serves as vice chairman of J & J's executive committee, which involves working with the company's pharmaceutical and health sectors and overseeing its . Duato, 59, is a three-decade veteran of J&J, as is Gorsky. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology . 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. The site youre being redirected to is a branded pharmaceutical website. 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. Joaquin Duato has been working as a Chairman & Chief Executive Officer at Johnson & Johnson for 34 years. On the edge of Johnson & Johnsons New Brunswick, New Jersey campus, Duato is giving his first sit-down interview from within the companys oldest building, which once produced energy for its factories. [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. He started at the company in 1989, working in sales in his home country of Spain. El gigante de productos de gran consumo y farmacutico Johnson & Johnson tendr un consejero delegado espaol. 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. It is extremely important for us to collaborate worldwide to help combat this disease. Please click below to continue to that site. "That's a sign of how much we believe in the opportunity that I was describing of combining science and technology to deliver improvements in patient care," Duato said. He lives in Pennsylvania with his wife and has two grown children. 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.. 1. [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. The decision to step aside was one of the most difficult of my career. Analysts Expect a Smooth Transition", "The Architect of J&J's Breakup Bets on Tech for the Future of Drugs", "A Look Inside J&J's Partnering & Innovation-Building Model", "J&J CEO Steps Down, Taps Successor Joaquin Duato", "J&J's New Insider CEO Brings Expertise From Crucial Pharma Post", "Johnson & Johnson adds vice chairman to leadership", "J&J's new CEO Joaquin Duato: What to know", "J&J's Joaquin Duato: Diversity is 'essential', "Presenting the 2021 Manufacturing Power 50", Johnson & Johnson Pharmaceutical Research and Development, 2010 Johnson & Johnson children's product recall, Dr. Paul Janssen Award for Biomedical Research, Global Health Innovative Technology Fund (GHIT), Steve Patterson Award for Excellence in Sports Philanthropy, https://en.wikipedia.org/w/index.php?title=Joaquin_Duato&oldid=1125964304, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 6 December 2022, at 20:42. Our Credo is clear. Our 130,000 employees mobilized with urgency to address the critical needs of families and healthcare providers in their country. 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. 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. See here for a complete list of exchanges and delays. 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 must have a workforce that generally reflects that ethnic and . They opened my mind and made me think about higher goals. JOIN US FOR HEALTHY RETURNS SUMMIT ON MARCH 29 2023. 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. Johnson & Johnson is part of the Holding Companies & Conglomerates industry, and located in New Jersey, United States. 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. Interview by Mariana G. Briones Lideres Mexicanos guest editor for Latino Leaders. 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. 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.. The NHMAs effort will help reach more Hispanic audiences with the facts and context they need to make informed decisions about getting vaccinated. 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. 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. Duato, 59, has been working for the company for over 30 years. JD: At this crucial moment, our society needs as many adults as possible to get vaccinated, and as quickly as possible. Johnson & Johnson Location 1 Johnson & Johnson Plaza, New Brunswick, New Jersey, 08933, United States Description Read More Powered and implemented by Interactive Data Managed Solutions. Duato is trilingual, speaking English, Spanish, and Italian. In 2021, the company invested more than $2 billion in innovation, an increase of 23% in the middle of the pandemic. We walk the walk.. From his early days in Spain, Joaquin found inspiration in how healthcare improved patients lives. 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. 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. A dual citizen of Spain and the United States, Joaquins international perspective gives him a deep appreciation of diversity in all forms. Over our more than 25 years of working together, he has always demonstrated a passion for solving complex medical and business challenges. The largest trade he's ever made was exercising 148,538 units of Johnson & Johnson stock on 17 January 2023 worth over $10,774,947. Johnson & Johnson served as a presenting sponsor for fundraising events UNICEF Changemaker 2020, where the above segment first aired, and UNICEF Snowflake Ball 2019. 08.23.21. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Joaquin Duato (born April 1962) is a Spanish-American business executive. 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. (18 votes) Very easy. Educating physicians and investigators and working with diverse clinical trial personnel. Your use of the information on this site is subject to the terms of our Legal Notice. But the new chief executive officerisnt interested in artifacts. [1] He is the chief executive officer (CEO) of Johnson & Johnson, an American multinational conglomerate. J&J shares, including reinvested dividends, more than tripled under Gorskys tenure. LL: Now that the vaccine is available, how can we drive access and uptake in the Latinx community? 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.". During his 30-plus year career at J&J, Duato led multiple business divisions, geographies and functions. Implementing tools and strategies to raise patient awareness and understanding of clinical trials to successfully enroll high percentages of underserved populations, 2. 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. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. 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. I have the utmost confidence in Joaquin to lead Johnson & Johnson as the Companys next CEO, Gorsky said. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Continue reading your article with. On this Wikipedia the language links are at the top of the page across from the article title. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. "I'm very bullish about the potential of technology in accelerating discovery and developing new medicines.". 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. 2023 CNBC LLC. Duato received a Master of Business Administration from ESADE Business School in Barcelona, Spain, and a Master of International Management from the Thunderbird School of Global Management in Phoenix, Arizona. Thats my number one concern.. [1] He is the chief executive officer (CEO) of Johnson & Johnson, an American multinational conglomerate. During that time, the sector grew into what is today the fourth-largest innovative pharmaceutical company globally. LL: Why is it important to have collaboration among the global public health community in times of crises? 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. All Rights Reserved. COVID-19 exposed the racial and social injustices that communities of color have been facing for a very long time. Salesforce stock jumps 13% after earnings, revenue top estimates. [6][7], Duato was the executive sponsor of the company's African Ancestry Leadership Council. As he takes the reins, he'll need to convince skeptics on Wall Street his pursuit of tech-industry luster goes far enough. We are blending our heart, science and ingenuity to profoundly change the trajectory of health for humanity. We have lots of information about Joaquin: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is none. He added that he saw a profound impact of Johnson & Johnsons medicines over his 30-year career with the company, which includes investment in research and development and drove global advances in healthcare over the past decade. The rules of the past no longer apply after the seismic events of the past three years. 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 . 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. From 2018, he added responsibilities for the company's consumer business,. Gorsky also dramatically increased diversity, equity, and inclusion within the company, serving as the driving force behind many of Johnson & Johnsons DE&I initiatives, including its $100 million pledge to fight health inequities for communities of color in the U.S., the company said. A believer in the power of technology to accelerate progress in healthcare, Joaquin is leading Johnson & Johnson to harness data science and intelligent automation to solve the worlds toughest health challenges. All contents Copyright Johnson & Johnson Services, Inc.1997-2023. We have to make specific outreach to women on the STEM side. 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, J&J CEO (Photo by Charles Sykes/Invision/AP) January 25, 2022 12:50 PM EST. LL: What is Johnson & Johnson doing to combat COVID-19 beyond vaccine development? Maya Tsukernik you are amazing, congratulations on a great job!!! 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. J&J declined to make Gorsky and Duato available for comment. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. All Rights Reserved. They averaged a 15% annual return, in line with the S&P 500 Index. In addition, she makes $7,097,300 as Executive Vice President - Worldwide Chairman and . Latino Leaders: How does diversity of thought and opinions help the pharmaceutical industry? 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. 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. LL: How do you see the healthcare industry as a whole changing due to the current pandemic? 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. Cautions Concerning Forward-Looking StatementsThis press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. This is closely followed by the CDC, family/friends and then by state and local health departments/officials. During his tenure, J&J's market capitalization rose to over $460 billion from nearly $180 billion. J&Js drug business generated $45.6 billion in sales in 2020, accounting for more than half the companys revenue. 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. "Joaquin truly supports the advancement and impact of women in the business of healthcare. The current economic situation is "volatile," Duato said, with inflationary headwinds in the supply chain and availability of important raw materials and components, though he said the company's scale as the largest health-care firm helps and the guidance it already provided to the market earlier in the year showed a healthy growth rate in revenue and in earnings per share. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. Deloitte does not. 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. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Get the top DEI news delivered straight to your inbox, New Brunswick, New Jersey-based multinational pharmaceutical giant Johnson & Johnson (a DiversityInc. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. Most recently he exercised 5,220 units of JNJ stock worth $824,760 on 10 February 2023.. You dont have to try too hard to make a human case for mentoring. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The role of Telehealth and remote working was more present than ever, and COVID-19 put the spotlight on personal and preventative health. Thats why for more than 135 years, we have aimed to keep people well at every age and every stage of life. Johnson & Johnson does not undertake to update any forward-looking statement as a result of new information or future events or developments. LL: How did J&J consider diversity in clinical trials for your COVID-19 Vaccine? Gorsky, who has served as CEO and chairman since 2012, will become. Mr. Duato has served as Johnson & Johnsons CEO and a member of the Board of Directors since January 3, 2022. Very difficult. Subscribe to Fortune Dailyto get essential business stories straight to your inbox each morning. As the world's most broadly based healthcare company, Johnson & Johnson has a 136-year legacy of innovating . Joaquin Duato will be leading Johnson & Johnson as a new CEO of Johnson & Johnson - Get Free Report starting January 3. Duato declined to go into legal specifics. 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. Easy. In terms of manufacturing, weve forged new partnerships across the globe. 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. 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. I try to amplify those strengths in our time together, rather than minimize shortcomings, he explains. Was the Executive sponsor of the page across from the article title future or... Private Securities Litigation Reform Act of 1995 magazine `` Bloomberg Businessweek '' advancement! It is extremely important for us to collaborate worldwide to help uncover hidden risks in relationships! Of my career two grown children joaquin duato ethnicity and uptake in the Latinx?. 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