joaquin duato ethnicity
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. Powered and implemented by Interactive Data Managed Solutions. Thats my number one concern.. Joaquin Duato has been working as a Chairman & Chief Executive Officer at Johnson & Johnson for 34 years. Johnson & Johnson said Thursday that Joaquin Duato will transition to the role of CEO on January 3, replacing Alex Gorsky. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. 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. See also:Healthcare marketers still pushing to address the gender gap. Tras 30 aos en la compaa: "La decisin ha sido una de las ms difciles de mi carrera" 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. 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. Cautions Concerning Forward-Looking StatementsThis press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. JD: We are a proud supporter of the National Hispanic Medical Association (NHMA) Vaccinate 4 All program that will train and support a cadre of physician leaders around the country to speak with local, regional and national media. Duato will also be appointed to the board following his transition to. As Vice Chairman of the Executive Committee, he provides . Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. Joaquin Duato helped mastermind the health giant's breakup. 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. They opened my mind and made me think about higher goals. Overall, these circumstances have redoubled our efforts - and the efforts of our peers to tackle these healthcare challenges. Recent surveys show Black and Hispanic adults are more likely to take a wait and see approach to getting a COVID-19 vaccine, but are also as likely as white adults to say they definitely will not take one. (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 . Maya Tsukernik you are amazing, congratulations on a great job!!! 2023 Fortune Media IP Limited. [6][7], Duato was the executive sponsor of the company's African Ancestry Leadership Council. 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. Joaquin Duato. 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This site is governed solely by applicable U.S. laws and governmental regulations. Pharma. [4][5] He also served as interim Chief Information Officer. COVID-19 exposed the racial and social injustices that communities of color have been facing for a very long time. The estimated Net Worth of Jennifer L Taubert is at least $42.8 Million dollars as of 22 November 2022. The medtech business grew 16% in 2021 even as Covid limited procedures, and advancements in surgery using AI are among the breakthroughs that the new CEO is betting on. Joaquin has long believed in the power of technology to accelerate progress in healthcare. "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. We have the utmost confidence that he will continue to be an excellent steward of the business and look forward to working closely with him in this next chapter., Mr. Duato said, Guided by our Credo, I will continue to work closely with the other Directors to build on Johnson & Johnsons success. LL: How was Johnson & Johnson able to develop a vaccine in an accelerated timeframe while meeting ethical and scientific standards? His mother was a nurse, his grandfather was a pediatrician, and his grandmother a pharmacist. As the world's most broadly based healthcare company, Johnson & Johnson has a 136-year legacy of innovating . Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. You dont have to try too hard to make a human case for mentoring. Joaquin has made over 15 trades of the Johnson & Johnson stock since 2017, according to the Form 4 filled with the SEC. 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. In his place, Joaquin Duato, the company's current Executive Committee Vice Chairman, will become the company's new CEO and a member of the . During his tenure, J&J's market capitalization rose to over $460 billion from nearly $180 billion. 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. Previously, Joaquin served as the Vice Chairman of the . Risks and uncertainties include, but are not limited to: economic factors, such as interest rate and currency exchange rate fluctuations; competition, including technological advances, new products and patents attained by competitors; challenges inherent in new product research and development, including uncertainty of clinical success and obtaining regulatory approvals; uncertainty of commercial success for new and existing products; challenges to patents; the impact of patent expirations; the ability of the Company to successfully execute strategic plans; the impact of business combinations and divestitures; manufacturing difficulties or delays, internally or within the supply chain; product efficacy or safety concerns resulting in product recalls or regulatory action; significant adverse litigation or government action, including related to product liability claims; changes to applicable laws and regulations, including tax laws and global health care reforms; trends toward health care cost containment; changes in behavior and spending patterns of purchasers of health care products and services; financial instability of international economies and legal systems and sovereign risk; increased scrutiny of the health care industry by government agencies. Duato, 59, has been working for the company for over 30 years. There's a change in leadership coming at the maker of Aveeno and Neutrogena skin care. Even with a massive dip during last years market crash, the shares have gained 22% since the beginning of 2020. "Mr. Duato's international . 2. 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. Inflation will remain a factor, as some pressures alleviate this year but others remain longer, Duato said. See here for a complete list of exchanges and delays. Alex Gorsky will step down as chief executive of Johnson & Johnson in January, ceding the role to longtime company executive Joaquin Duato, the health care giant announced Thursday. Contact Us with any questions or search this site for more information. 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. that its current Chairman and CEO Alex Gorsky will be transitioning to the new position of Executive Chairman. 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. 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.". Duato, 59, is a three-decade veteran of J&J, as is Gorsky. I also want to thank Alex for his countless contributions to our Company. I try to understand the individual and what strengths they have, the ones that make the person special and different, he says. Under Duato, the leadership team for Johnson & Johnson's pharma group includes six women. We know that Joaquin is single at this point. Aug 19, 2021 11:00PM EDT. According to Johnson & Johnson, Gorsky has been the companys Chairman and Chief Executive Officer since 2012. 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. The role of Telehealth and remote working was more present than ever, and COVID-19 put the spotlight on personal and preventative health. Priority No. 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. Through this collaboration with member physicians, we hope to help reduce vaccine hesitancy, build vaccine confidence, and address structural and cultural barriers to COVID-19 vaccine access in Hispanic communities. 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. Mr. Joaquin Duato is a Chief Executive Officer & Director at Johnson & Johnson. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. 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.. 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.". Duato will also be appointed as a member of the company's Board of Directors. From 2018, he added responsibilities for the company's consumer business,. Duato grew up in Valencia, Spain. In terms of manufacturing, weve forged new partnerships across the globe. 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. 2023 CNBC LLC. Joaqun Duato, hasta ahora vicepresidente del grupo, sustituir desde el 3 de . Duato is trilingual, speaking English, Spanish, and Italian. 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. Chairman of the Board and Chief Executive Officer for Johnson & Johnson Joaquin Duato describes the vision behind the partnership. "For the consumer health company, it's going to be an opportunity to deepen the relationships with consumers to attract new investors, to inspire employees, and to be able to have a fit-for-purpose model with their own capital location priorities and then for the new Johnson & Johnson it is going to be an opportunity to be more focused, more competitive and to deliver increased growth," Duato said. 5 To put better health in reach for everyone and drive vaccine uptake, we need to meet people where they are. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. His growth strategy led to the turnaround of Johnson & Johnsons struggling pharmaceutical business in the early 2000s. 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. Partnering with minority health and community advocacy groups, such as the National Black Church Initiative (NBCI), 3. 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. Joaquin earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. 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 6d Data science and digital health have transformed how Johnson & Johnson innovates, enabling us to bring life-changing science to patients faster than ever. Get this delivered to your inbox, and more info about our products and services. On this Wikipedia the language links are at the top of the page across from the article title. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. But the new chief executive officerisnt interested in artifacts. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology operations. 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. Difficult. The decision to step aside was one of the most difficult of my career, Gorsky said in the statement. The consumer business is more affected by inflationary pressures and there is more concern throughout the market and economy that consumers will begin to buy "off brand" products when they have the option. 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 is best known for driving the transformation of Johnson & Johnson's 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. Tylenol and Motrin are both over-the-counter medicines that are commonly used to relieve pain and reduce fevers. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Duato, who has also been at the company for more than three decades, is the vice-chair of J&J's executive committee. Please click below to continue to that site. Duato will succeed Alex Gorsky, who will step down from his role as executive chairman following a brief transitional period. Gorsky, who started at the health-care company in 1988 as a sales representative, became its seventh CEO in 2012. He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. La farmacutica estadounidense Johnson & Johnson (J&J) anunci . 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. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. "I'm very bullish about the potential of technology in accelerating discovery and developing new medicines.". Got a confidential news tip? He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology . Jan 26, 2023 11:12am. 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. This site is governed solely by applicable U.S. laws and governmental regulations. 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. During that time, the sector grew into what is today the fourth-largest innovative pharmaceutical company globally. 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. 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. 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. He worked his way through a host of regional leadership roles in Spain, Italy, and elsewhere and logged some time leading the companys diagnostic division. Not surprisingly, Duato stresses the Honorable Mentor honoree by the role that mentoring played in his rise up the Johnson & Johnson corporate hierarchy. Johnson & Johnson does not undertake to update any forward-looking statement as a result of new information or future events or developments. 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. 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. His career in healthcare was influenced by his family. Presenting a business case for devoting extensive time and resources to mentoring is a trickier task but one that Joaquin Duato, this years Healthcare Businesswomens Association Honorable Mentor honoree and EVP, worldwide chairman, pharmaceuticals at Johnson & Johnson, accomplishes with uncanny ease. LinkedIn has officially entered its cringe era, and its working. "Overall, we've seen volatility in the consumer demand," Duato said, "but we continue to see very solid consumer business coming through and we continue to try to deliver what is best for consumers and we continue to try to mitigate our cost increases by improving our own efficiency, and in some cases also having price increases but overall, we are bullish about the potential of our consumer health business and about our ability to navigate the inflationary pressures in a way that is optimal for consumers," he said. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. Mr. Duato has served as Johnson & Johnsons CEO and a member of the Board of Directors since January 3, 2022. Early life and education [ edit] Duato grew up in Valencia, Spain. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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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 . 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. Joaquin Duato, J&J CEO (Photo by Charles Sykes/Invision/AP) January 25, 2022 12:50 PM EST. "We are very optimistic about the treatment modalities that we are bringing, like cell therapy that are going to enable us have an aspiration to be able to cure some diseases that were thought to be incurable," he said. 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. As part of this, were also partnering with leading organizations on vaccine education, including the National Hispanic Medical Associations #Vaccinate4All effort. Once highly anticipated because it requires just a single dose, J&Js Covid vaccine has been sparsely used relative to competitors from the Pfizer Inc.-BioNTech SE partnership and Moderna Inc. after challenges at a contract manufacturer. A dual citizen of Spain and the United States, Joaquins international perspective gives him a deep appreciation of diversity in all forms. He is a respected industry leader and past Chairman of the Pharmaceutical Research and Manufacturers of America. "We don't just talk about it," he says. 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 [9] In 2021, Duato was ranked #3 on the NJBIZ Manufacturing Power 50 list.[10]. Implementing tools and strategies to raise patient awareness and understanding of clinical trials to successfully enroll high percentages of underserved populations, 2. LL: What is Johnson & Johnson doing to combat COVID-19 beyond vaccine development? Machine learning, when combined with genetics, is also accelerating the discovery and development of new medicines. 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. "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. Visit a quote page and your recently viewed tickers will be displayed here. 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. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. All Rights Reserved. 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. Duato declined to go into legal specifics. 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. He is a member of high profile boards, including the Business Council and the Business Roundtable. 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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. 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. Gorsky joins a parade of blue-chip executives who are moving on after long careers punctuated by the pandemic. In addition, she makes $7,097,300 as Executive Vice President - Worldwide Chairman and . Deloitte does not. Yet Duato plotted to rid itof itsconsumer-products legacy. 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. The site youre being redirected to is a branded pharmaceutical website. 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. LL: Tell me about something J&J is doing to address vaccination hesitancy among the LatinX community that youre particularly proud of? Divisions, and overseeing supply-chain and technology during that time, the sector grew what... The early 2000s $ 460 billion from nearly $ 180 billion the company African! Youre being redirected to is a three-decade veteran of J & amp Johnson. For Johnson & Johnson 's pharma group includes six women workforce in developing and delivering transformational and innovative solutions. The site youre being redirected to is a respected industry leader and past Chairman of.. Litigation Reform Act of 1995 forward-looking statement as a sales representative, its! Facing for a very long time circumstances have redoubled our efforts - and the United States Joaquins. 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Undertake to update any forward-looking statement as a result of new information or future events developments!
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