LL: Now that the vaccine is available, how can we drive access and uptake in the Latinx community? LL: What is Johnson & Johnson doing to combat COVID-19 beyond vaccine development? 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. 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. He lives in Pennsylvania with his wife and has two grown children. Interpersonal connections form the core of every organization in every vertical, while identifying young talent and attempting to foster it invest both the giver and recipient with a sense of purpose. 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. 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. Our 130,000 employees mobilized with urgency to address the critical needs of families and healthcare providers in their country. Mr. Duato JNJ stock SEC Form 4 insiders trading. All rights reserved. As part of this, were also partnering with leading organizations on vaccine education, including the National Hispanic Medical Associations #Vaccinate4All effort. 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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. LL: How did J&J consider diversity in clinical trials for your COVID-19 Vaccine? LL: What do we know about vaccine hesitancy in the Latinx community? Implementing tools and strategies to raise patient awareness and understanding of clinical trials to successfully enroll high percentages of underserved populations, 2. "We understand that we have a reputation. 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.. Alex began his Johnson & Johnson career as a sales representative with Janssen Pharmaceutica in 1988. Why? Johnson & Johnson Names CEO Joaquin Duato as Chairman of the Board. [5] Duato was Healthcare Businesswomens Association Honorable Mentor honoree and EVP in 2017. A Division of NBCUniversal. Please click below to continue to that site. All Rights Reserved. He is on the Board of Directors at Johnson & Johnson, U.S.-Spain Council, Inc. and Save The Children Federation, Inc . In 2021, the company invested more than $2 billion in innovation, an increase of 23% in the middle of the pandemic. 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. Johnson & Johnson Location 1 Johnson & Johnson Plaza, New Brunswick, New Jersey, 08933, United States Description Read More New Brunswick, New Jersey-based multinational pharmaceutical giant Johnson & Johnson (a DiversityInc Hall of Fame company) has announced that its current Chairman and CEO Alex Gorsky will be transitioning to the new position of Executive Chairman. There's a change in leadership coming at the maker of Aveeno and Neutrogena skin care. Tras 30 aos en la compaa: "La decisin ha sido una de las ms difciles de mi carrera" 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 has long believed in the power of technology to accelerate progress in healthcare. Duato notes with some justifiable pride that the pharma groups leadership team includes six women, with two of its three commercial regions led by women. Offers may be subject to change without notice. Johnson & Johnson announced Thursday evening that Joaquin Duato will become CEO effective Jan. 3, replacing Alex Gorsky. According to Johnson & Johnson, Gorsky has been the companys Chairman and Chief Executive Officer since 2012. 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. The industry leader for online information for tax, accounting and finance professionals. "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. He was also appointed to the companys board of directors. 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. Difficult. Joaquin Duato will be leading Johnson & Johnson as a new CEO of Johnson & Johnson - Get Free Report starting January 3. #jnj #mycompany #data #innovation Joaquin Duato is responsible for Johnson & Johnson's Pharmaceuticals and Consumer sectors, along with Supply Chain, Technology and Health & Wellness. 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. Johnson & Johnson said Thursday that Joaquin Duato will transition to the role of CEO on January 3, replacing Alex Gorsky. 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. Latino Leaders in Action Every ThursdayBringing you the latest news highlighting the top latinos leading our nation. 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. I try to understand the individual and what strengths they have, the ones that make the person special and different, he says. The estimated Net Worth of Jennifer L Taubert is at least $42.8 Million dollars as of 22 November 2022. "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. LL: How do you see the healthcare industry as a whole changing due to the current pandemic? 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. Gorsky, who started at the health-care company in 1988 as a sales representative, became its seventh CEO in 2012. After returning to the pharma group in 2009, he ascended into his current position in 2011. 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. About Johnson & JohnsonAt Johnson & Johnson, we believe good health is the foundation of vibrant lives, thriving communities and forward progress. Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. All quotes delayed a minimum of 15 minutes. It is influenced by factors such as confidence, convenience and complacency. COVID-19 exposed the racial and social injustices that communities of color have been facing for a very long time. See here for a complete list of exchanges and delays. 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. 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.. 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. 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. Our Credo is clear. As a dual citizen of Spain and the United States, his international perspective and global lens gives him a deep appreciation of diverse thoughts and opinions. The role of Telehealth and remote working was more present than ever, and COVID-19 put the spotlight on personal and preventative health. 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. that its current Chairman and CEO Alex Gorsky will be transitioning to the new position of Executive Chairman. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. Already a speaker of English, Spanish and Italian, he used that brief stint to learn a different language. "We don't just talk about it," he says. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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.". 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. From 2018, he added responsibilities for the company's consumer business,. articles a month for anyone to read, even non-subscribers! 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. 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. Johnson & Johnson, which is a bellwether in the health-care sector for hospital surgeries and procedures, has seen Covid pressure the overall business, but the CEO noted ahead of the upcoming earnings season that it did see good performance in its medical device business in 2021, with close to 16% growth, even as Covid weighed on activity and in particular, elective procedures. [3], Duato began his career in Johnson & Johnson in 1989 when he joined Janssen Pharmaceutica in Spain. Duato declined to go into legal specifics. "We don't just talk about it," he says. Not surprisingly, Duato stresses the Honorable Mentor honoree by the role that mentoring played in his rise up the Johnson & Johnson corporate hierarchy. 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. For a global organization like ours, its essential to be a diverse company in gender, ethnicity, geographic origin, educational background, and more. Duato, the current vice chairman of the executive committee, will take the reins and a seat on the board from Jan. 3. Inflation will remain a factor, as some pressures alleviate this year but others remain longer, Duato said. Thats why for more than 135 years, we have aimed to keep people well at every age and every stage of life. 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 bio: Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. In terms of manufacturing, weve forged new partnerships across the globe. JOIN US FOR HEALTHY RETURNS SUMMIT ON MARCH 29 2023. Jan 26, 2023 09:15am. See here for a complete list of exchanges and delays. Duato grew up in Valencia, Spain. A longtime advocate of diversity and inclusion and supporter of veterans issues, Alex currently sits on the Board of Directors of Apple, IBM, JPMorgan Chase, NewYork-Presbyterian Hospital, and the Travis Manion Foundation, and serves on the Wharton School of the University of Pennsylvania Board of Advisors. 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 6d Data science and digital health have transformed how Johnson & Johnson innovates, enabling us to bring life-changing science to patients faster than ever. I would like to express my deep appreciation to every employee, past and present, for their steadfast commitment to bringing our Credo to life every day and to improving the well-being of those who rely on us. Contact Us with any questions or search this site for more information. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. Gorsky, the . Contact Us with any questions or search this site for more information. He earned an MBA from ESADE at Ramon Llull University in Barcelona, Spain. We have to mentor and encourage the people who are here., From the May 01, 2017 Issue of MM+M - Medical Marketing and Media. 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. Meanwhile, Wall Street and Washington have long awaited Gorskys next move. Please see our Privacy Policy. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. 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. Alex Gorsky to Step Down After 30-Year Career at Johnson & Johnson, Contract & Freelance Partner Opportunities, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. In March, the two executives clinched a deal in which Merck would manufacture J&Js Covid-19 vaccine. On this Wikipedia the language links are at the top of the page across from the article title. We are blending our heart, science and ingenuity to profoundly change the trajectory of health for humanity. 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. Duato will also be appointed as a member of the company's Board of Directors. J&Js drug business generated $45.6 billion in sales in 2020, accounting for more than half the companys revenue. Gorsky also led Johnson & Johnsons purchase of Actelion, the largest in J&J history, which significantly expanded Johnson & Johnsons portfolio of rare-disease treatments. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. 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. 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. (Podcast). [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. A dual citizen of Spain and the United States, Joaquins international perspective gives him a deep appreciation of diversity in all forms. 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. The rules of the past no longer apply after the seismic events of the past three years. But the 61-year-old cited family health reasons as partially motivating his departure. He earned his MBA from the Wharton School of the University of Pennsylvania in 1996. 3 We also partnered closely with the US government throughout the development process to ensure we were meeting important ethical and scientific standards. I believe that moving forward, we will take the lessons we have learned from the COVID-19 pandemic humanitarian crisis as we look to consider and prioritize the health of all communities, patients, consumers, and their families. The former army captain and endurance athlete who takes spin classes alongside his employees has long been speculated to one day seek political office. Related: For more recent diversity and inclusion news, click here. Pronunciation of Joaquin Duato with 4 audio pronunciations. 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. Gorsky, whos been at the helm for nine years, will become executive chairman. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. 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. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. Pharma. 3 /5. Your use of the information on this site is subject to the terms of our Legal Notice. Maya Tsukernik you are amazing, congratulations on a great job!!! 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. 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. 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. Mr. Duato succeeds Mr. Alex Gorsky, who will step down from his role as Executive Chairman following a brief transitional period. Interview by Mariana G. Briones Lideres Mexicanos guest editor for Latino Leaders. Aug 19, 2021 11:00PM EDT. To reflect that, HCB Health has become Boundless Life Sciences Group. 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. 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. Thats my number one concern.. 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