joaquin duato ethnicity

(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 . 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. Representation and inclusion is part of our DNA. 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. 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. 2. 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. He earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. Aug 19 (Reuters) - Johnson & Johnson (JNJ.N) on Thursday appointed Joaquin Duato as chief executive officer to replace veteran Alex Gorsky to steer the healthcare conglomerate through the. LL: How do you see the healthcare industry as a whole changing due to the current pandemic? Duato is a dual citizen of Spain and the United States. 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. 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. Joaquin earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. 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. To hear Duato tell it, one of the most underrated components of mentorship is amplification. See here for a complete list of exchanges and delays. Aug 19, 2021 11:00PM EDT. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology operations. 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. There is no bigger or better known health-care conglomerate in the world. 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. Duato said the company is gaining share in its priority medtech platforms and expects "good" performance this year. Now its a museum parading J&Js 136-year heritage. Duato, 59, will take the role effective Jan. 3 when he will also take a seat on the company's board, J&J said in a statement late Thursday. 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. 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. J&Js drug business generated $45.6 billion in sales in 2020, accounting for more than half the companys revenue. Create your free account or log in to continue reading this premium content. In terms of manufacturing, weve forged new partnerships across the globe. Reducing and/or removing logistical barriers for underrepresented populations. We want to hear from you. That diversity gets us closer to our customer base, Duato points out. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. 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. 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. Thats why for more than 135 years, we have aimed to keep people well at every age and every stage of life. Over the last three decades, Alexs influence has truly shaped the global healthcare landscape and improved billions of lives, said Anne Mulcahy, Lead Independent Director. Gorsky, who was at the helm for nine years, will become executive chairman. J&J shares, including reinvested dividends, more than tripled under Gorskys tenure. El gigante de productos de gran consumo y farmacutico Johnson & Johnson tendr un consejero delegado espaol. Alex began his Johnson & Johnson career as a sales representative with Janssen Pharmaceutica in 1988. Pronunciation of Joaquin Duato with 4 audio pronunciations. Data is a real-time snapshot *Data is delayed at least 15 minutes. 2023 CNBC LLC. 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. From his early days in Spain, Joaquin found inspiration in how healthcare improved patients lives. He earned his MBA from the Wharton School of the University of Pennsylvania in 1996. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. According to a recent Kaiser Family Foundation study, 75% of Hispanic adults trust their healthcare provider to give them reliable information about the available vaccines. 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. The pharma unit Duato leads generated $33.5 billion in sales last year, growing 7.5% (compared with 4% growth for Johnson & Johnson overall). "Mr. Duato's international . Continue reading your article with. The reader is cautioned not to rely on these forward-looking statements. According to Johnson & Johnson, Gorsky has been the companys Chairman and Chief Executive Officer since 2012. 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. 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. Joaquin Duato. 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. 5 To put better health in reach for everyone and drive vaccine uptake, we need to meet people where they are. Difficult. Any forward-looking statement made in this release speaks only as of the date of this release. 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. Romaine Bostick breaks down the day's top stories and trading action leading into the close. Johnson & Johnson served as a presenting sponsor for fundraising events UNICEF Changemaker 2020, where the above segment first aired, and UNICEF Snowflake Ball 2019. 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.. Your use of the information on this site is subject to the terms of our Legal Notice. "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. . Esade Alumni has announced the winner of the 2022 Esade Award: Joaqun Duato, CEO of Johnson & Johnson and Esade alumnus. Duato declined to go into legal specifics. 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Contact Us with any questions or search this site for more information. 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. Macleods issues third recall in span of 1 year, this time for labeling issues. 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. 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. JOIN US FOR HEALTHY RETURNS SUMMIT ON MARCH 29 2023. This site is governed solely by applicable U.S. laws and governmental regulations. JD: Vaccine hesitancy refers to personal reluctance or refusal of vaccines even when they are readily available. 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.. Our Standards: The Thomson Reuters Trust Principles. The decision to step aside was one of the most difficult of my career. Behind him are 19th century baby soaps, 100-year-old Band-Aids, and other timeworn products that made Johnson & Johnson into a household name. Joaquin Duato is responsible for Johnson & Johnson's Pharmaceuticals and Consumer sectors, along with Supply Chain, Technology and Health & Wellness. Joaquin Duato at Johnson & Johnson headquarters in New Jersey. 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. Tylenol and Motrin are both over-the-counter medicines that are commonly used to relieve pain and reduce fevers. LL: How was Johnson & Johnson able to develop a vaccine in an accelerated timeframe while meeting ethical and scientific standards? If he doesn't abandontradition for innovation, we will be left behind, he says. He was also appointed to the companys board of directors. Mr. Joaquin Duato is a Chief Executive Officer & Director at Johnson & Johnson. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. LL: What was the basis for J&J to pursue emergency use authorization? Thats why its so important for us to engage in these types of conversations to help answer questions and dispel myths about vaccines. But the new chief executive officerisnt interested in artifacts. 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. 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. 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. 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. They opened my mind and made me think about higher goals. Machine learning, when combined with genetics, is also accelerating the discovery and development of new medicines. On behalf of the Board of Directors, I would like to thank Alex for his unwavering commitment to Johnson & Johnson. 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. Duato is a dual citizen of Spain and the United States. 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. Kenneth Frazier, Gorskys longtime counterpart at Merck, gave up his CEO role just weeks ago. Wow, what an awesome event with such wonderful people! 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. "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. 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. Jan 26, 2023 11:12am. Mr. Duato originally joined the Company in 1989. El espaol Joaqun Duato ser el nuevo CEO de Johnson & Johnson tras renunciar Gorsky. Current pandemic every stage of life other timeworn products that made Johnson & amp ; at. And entities globally to help answer questions and dispel myths about vaccines his unwavering to. Officer of Johnson & amp ; Johnson tendr un consejero delegado espaol develop. To continue reading this premium content pursue emergency use authorization Duato tell it, one of the of. As a sales representative with Janssen Pharmaceutica in 1988 now its a museum J... Information on this site for more information earned his MBA from the Wharton School of the most underrated components mentorship! 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