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. Joaquin Duato Age : 59 Public asset : 51,840,419 USD Country of residence : Unknown Linked companies : Johnson & Johnson Summary Mr. Joaquin Duato is a Chairman & Chief Executive Officer at Johnson & Johnson. These statements are based on current expectations of future events. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. J&J declined to make Gorsky and Duato available for comment. 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.. 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. 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.. Previously, Joaquin served as the Vice Chairman of the Executive Committee, where he provided strategic direction for the Pharmaceutical and Consumer Health sectors and oversaw both Information Technology and the Global Supply Chain. 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. 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. 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. About Joaquin DuatoJoaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, S&P 500 Slumps to Lowest in Nearly Six Weeks: Markets Wrap, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. 08.23.21. His growth strategy led to the turnaround of Johnson & Johnsons struggling pharmaceutical business in the early 2000s. We dont just talk about it, he says. J&J veteran Duato replaced Gorsky as CEO earlier this year after holding a variety of roles during his more than 30 years at the company. LL: Why is it important to have collaboration among the global public health community in times of crises? Wow, what an awesome event with such wonderful people! [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. 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. If Johnson & Johnsons pharma group were a stand-alone company, it would likely rank as either the fifth- or sixth-largest pharma organization in the world. I have the utmost confidence in Joaquin to lead Johnson & Johnson as the Companys next CEO, Gorsky said. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. Please see our Privacy Policy. AboutPressCopyrightContact. 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. 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. Tylenol and Motrin are both over-the-counter medicines that are commonly used to relieve pain and reduce fevers. Duato will also be appointed to the board following his transition to. Rate the pronunciation difficulty of Joaquin Duato. "Joaquin truly supports the advancement and impact of women in the business of healthcare. 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. 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 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. Johnson & Johnson is part of the Holding Companies & Conglomerates industry, and located in New Jersey, United States. Overall, these circumstances have redoubled our efforts - and the efforts of our peers to tackle these healthcare challenges. Duato grew up in Valencia, Spain. 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 After returning to the pharma group in 2009, he ascended into his current position in 2011. On behalf of the Board of Directors, I would like to thank Alex for his unwavering commitment to Johnson & Johnson. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. We walk the walk.. He also took a leading role in J&J's COVID-19 response and helped shape its pharmaceutical business strategy. 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. This site is governed solely by applicable U.S. laws and governmental regulations. Reducing and/or removing logistical barriers for underrepresented populations. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. LL: What do we know about vaccine hesitancy in the Latinx community? 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. 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. articles a month for anyone to read, even non-subscribers! Create your free account or log in to continue reading this premium content. I try to understand the individual and what strengths they have, the ones that make the person special and different, he says. Thats my number one concern.. The reader is cautioned not to rely on these forward-looking statements. Terms & Conditions. Jan 26, 2023 11:12am. Joaquin Duato: Diversity of thought and opinions in the pharmaceutical industry is critical just as it is in every business. Contract & Freelance Partner Opportunities, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. See also:Healthcare marketers still pushing to address the gender gap. Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. See here for a complete list of exchanges and delays. You are now leaving jnj.com. 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. 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 . "Mr. Duato's international . He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the world's largest, most diversified healthcare products company. Pharma. 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. A dual citizen of Spain and the U.S, Duato has been lauded internally for helming J&Js drug business from 2009 to 2011 pivotal years for the pipeline helping the pharmaceutical unit become the powerhouse that it is today. Whenever [mentorship is used] that way, it can lead to misunderstandings and frustration, he admits. All quotes delayed a minimum of 15 minutes. (18 votes) Very easy. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. We are confident that Joaquin is uniquely qualified and the right person to lead Johnson & Johnson into the future, Mulcahy said in a statement. Joaquin has made over 15 trades of the Johnson & Johnson stock since 2017, according to the Form 4 filled with the SEC. Get this delivered to your inbox, and more info about our products and services. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. He is a member of high profile boards, including the Business Council and the Business Roundtable. Implementing tools and strategies to raise patient awareness and understanding of clinical trials to successfully enroll high percentages of underserved populations, 2. 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. Subscribe to Fortune Dailyto get essential business stories straight to your inbox each morning. 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. Gorsky, who was at the helm for nine years, will become executive chairman. On this Wikipedia the language links are at the top of the page across from the article title. 3 We also partnered closely with the US government throughout the development process to ensure we were meeting important ethical and scientific standards. But the 61-year-old cited family health reasons as partially motivating his departure. They created a strong foundation of trust and collaboration and mutual respect.. 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 . COVID-19 exposed the racial and social injustices that communities of color have been facing for a very long time. Mr. Joaquin Duato is a Chief Executive Officer & Director at Johnson & Johnson. Pronunciation of Joaquin Duato with 4 audio pronunciations. 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.. He started at the company in 1989, working in sales in his home country of Spain. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. Duato has dual citizenship between the U.S. and Spain, and is involved with boards such as UNICEF USA, Tsinghua University School of Pharmaceutical Sciences and the Hess Corporation, is past. Joaquin Duato is responsible for Johnson & Johnson's Pharmaceuticals and Consumer sectors, along with Supply Chain, Technology and Health & Wellness. J&J's Joaquin Duato: Diversity is 'essential' Under Duato, the leadership team for Johnson & Johnson's pharma group includes six women. 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. Over our more than 25 years of working together, he has always demonstrated a passion for solving complex medical and business challenges. [1] He is the chief executive officer (CEO) of Johnson & Johnson, an American multinational conglomerate. Continue reading your article with. 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. The NHMAs effort will help reach more Hispanic audiences with the facts and context they need to make informed decisions about getting vaccinated. Mr. Duato originally joined the Company in 1989. Joaquin Duato. 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. 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. Our 130,000 employees mobilized with urgency to address the critical needs of families and healthcare providers in their country. 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. The decision to step aside was one of the most difficult of my career, Gorsky said in the statement. Your use of the information on this site is subject to the terms of our Legal Notice. As Vice Chairman of the Executive Committee, he provides . With these additions to our global manufacturing network, we are committed to delivering 100 million single-shot doses of our COVID-19 vaccine to the U.S. government, and delivering 200 million doses to the European Union, Norway and Iceland. "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. 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. Duato, 59, has been working for the company for over 30 years. Gorsky said Duato oversaw Johnson & Johnsons response to the COVID-19 pandemic and led the coordination of global initiatives to safeguard the health of employees and ensure business and supply chain continuity.. Redoubled our efforts - and the efforts of our Legal Notice future events ; Director at Johnson & amp Johnson. 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