Contract & Freelance Partner Opportunities, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The role of Telehealth and remote working was more present than ever, and COVID-19 put the spotlight on personal and preventative health. Rate the pronunciation difficulty of Joaquin Duato. All contents Copyright Johnson & Johnson Services, Inc.1997-2023. 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.. 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. Previously, Joaquin served as the Vice Chairman of the . Duato will also be appointed as a member of the company's Board of Directors. 72 in the Axios Harris Poll 100s 2021 Corporate Reputation Rankings. 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. 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. He earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. As a global company, we were already working around the world, but the pandemic pushed us to leverage our deep scientific expertise and extensive partnerships to take on this challenge. Joaquin Duato (born April 1962) is a Spanish-American business executive. He was also appointed to the companys board of directors. Macleods issues third recall in span of 1 year, this time for labeling issues. 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. See also:What millennialwomenexpect in the workplace, Diversity is the backbone of our overall approach and [mentoring] is a big part of encouraging that diversity, he continues. JD: The healthcare industry has undergone massive change. To meet the needs and desires of our customers and community, we must have a workforce that generally reflects that ethnic and racial diversity. Romaine Bostick breaks down the day's top stories and trading action leading into the close. 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. All Rights Reserved. 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.. We have to make specific outreach to women on the STEM side. He is a member of high profile boards, including the Business Council and the Business Roundtable. [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. Johnson & Johnson Location 1 Johnson & Johnson Plaza, New Brunswick, New Jersey, 08933, United States Description Read More LL: What was the basis for J&J to pursue emergency use authorization? Representation and inclusion is part of our DNA. Duato is the only major health industry CEO who has served as chief information officer. Please click below to continue to that site. Create your free account or log in to continue reading this premium content. Please see our Privacy Policy. Now its a museum parading J&Js 136-year heritage. [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. That diversity gets us closer to our customer base, Duato points out. "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. Were only able to tackle this problem at home if we address it worldwide. The decision to step aside was one of the most difficult of my career, Gorsky said in the statement. 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. Dow Inc and private company X-energy said on Wednesday they have agreed to develop and demonstrate the first grid-scale next-generation nuclear reactor for an industrial site in North America. Latino Leaders in Action Every ThursdayBringing you the latest news highlighting the top latinos leading our nation. Our Credo is clear. He is a respected industry leader and past Chairman of the Pharmaceutical Research and Manufacturers of America. Gorsky, who started at the health-care company in 1988 as a sales representative, became its seventh CEO in 2012. 3 We also partnered closely with the US government throughout the development process to ensure we were meeting important ethical and scientific standards. Latino Leaders: How does diversity of thought and opinions help the pharmaceutical industry? Machine learning, when combined with genetics, is also accelerating the discovery and development of new medicines. LL: Now that the vaccine is available, how can we drive access and uptake in the Latinx community? 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. 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. Johnson & Johnson announced on Thursday that its current CEO Alex Gorsky will step down from his role and Joaquin Duato will take the helm in January . 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. Yet Duato plotted to rid itof itsconsumer-products legacy. Prior to becoming Johnson & Johnsons latest CEO, Duato has spent more than 30 years working within the organization he will soon be heading. 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. Whenever [mentorship is used] that way, it can lead to misunderstandings and frustration, he admits. The bio: Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. Nonetheless, investor goodwill remains strong in the company. 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. Easy. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. From his early days in Spain, Joaquin found inspiration in how healthcare improved patients lives. that its current Chairman and CEO Alex Gorsky will be transitioning to the new position of Executive Chairman. As the world's most broadly based healthcare company, Johnson & Johnson has a 136-year legacy of innovating . I have the utmost confidence in Joaquin to lead Johnson & Johnson as the Companys next CEO, Gorsky 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. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Very difficult. All Rights Reserved. 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 . A Division of NBCUniversal. It was solely about personal and professional growth, not about getting the next job. Joaquin Duato: Diversity of thought and opinions in the pharmaceutical industry is critical just as it is in every business. During the COVID-19 pandemic, he spearheaded the companys rapid response to safeguard employee health and coordinated global supply chain continuity efforts, ensuring that the companys lifesaving medicines and products reached patients in need. 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. Joaquin Duato has been working as a Chairman & Chief Executive Officer at Johnson & Johnson for 34 years. 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. 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. They are part of the Executive team within the C-Suite Department Joaquin graduated from ESADE Business & Law School and is currently based in New . Deloitte does not. Reducing and/or removing logistical barriers for underrepresented populations. Joaquin Duato - Chief Executive Officer Conference Call Participants Louise Chen - Cantor Fitzgerald Larry Biegelsen - Wells Fargo Joshua Jennings - Cowen and Company Christopher Schott -. LL: How was Johnson & Johnson able to develop a vaccine in an accelerated timeframe while meeting ethical and scientific standards? All Rights Reserved. Duato grew up in Valencia, Spain. Duato, the current vice chairman of the executive committee, will take the reins and a seat on the board from Jan. 3. Duato will receive the award during the Esade Alumni Annual Conference, which will take place on 27th June at Teatre Nacional de Catalunya.. Duato, who was appointed CEO in January 2022, has been selected as the winner of this year's Esade Award for his responsible . LL: How do you see the healthcare industry as a whole changing due to the current pandemic? A dual citizen of Spain and the United States, Joaquins international perspective gives him a deep appreciation of diversity in all forms. Continue reading your article with. 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. Gorsky, who was at the helm for nine years, will become executive chairman. Duato said the company is gaining share in its priority medtech platforms and expects "good" performance this year. Wow, what an awesome event with such wonderful people! Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. COVID-19 exposed the racial and social injustices that communities of color have been facing for a very long time. For a global organization like ours, its essential to be a diverse company in gender, ethnicity, geographic origin, educational background, and more. On behalf of the Board of Directors, I would like to thank Alex for his unwavering commitment to Johnson & Johnson. Interview by Mariana G. Briones Lideres Mexicanos guest editor for Latino Leaders. We have lots of information about Joaquin: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is none. [9] In 2021, Duato was ranked #3 on the NJBIZ Manufacturing Power 50 list.[10]. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. As the world continues to face significant health challenges, including the ongoing pandemic, I am inspired by Johnson & Johnsons opportunity to play a key role in meaningfully improving the global trajectory of human health, he said. 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. Thats my number one concern.. Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. 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. He started at the company in 1989, working in sales in his home country of Spain. 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. J&J ranks No. His mother was a nurse, his grandfather was a pediatrician, and his grandmother a pharmacist. 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. 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 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. 2023 CNBC LLC. [4][5] He also served as interim Chief Information Officer. 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. La farmacutica estadounidense Johnson & Johnson (J&J) anunci . Inclusion is an integral part of how we will achieve the goals set forth in our Race for Health Equity. Copyright 2023 Haymarket Media, Inc. All Rights Reserved This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Johnson & Johnsons new CEO Duato said he is honored to be the next CEO of the company. 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. 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. Its very important both in talent recruitment and in retention.. We saw a tectonic shift as slow-moving trends went into overdrive. 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. [5] Duato was past chair of Pharmaceutical Research and Manufacturers of America (PhRMA). 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.. See also:Analysis: Gender, racial diversity among CMOs shows little sign of progress. 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. As Vice Chairman of the Executive Committee, he provides . Pronunciation of Joaquin Duato with 4 audio pronunciations. See here for a complete list of exchanges and delays. 1. we must have a workforce that generally reflects that ethnic and . [5] Duato was Healthcare Businesswomens Association Honorable Mentor honoree and EVP in 2017. El gigante de productos de gran consumo y farmacutico Johnson & Johnson tendr un consejero delegado espaol. Please click below to continue to that site. We dont just talk about it, he says. Tras 30 aos en la compaa: "La decisin ha sido una de las ms difciles de mi carrera" Duato is a dual citizen of Spain and the United States. In 2021, the company invested more than $2 billion in innovation, an increase of 23% in the middle of the pandemic. The site youre being redirected to is a branded pharmaceutical website. 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. See here for a complete list of exchanges and delays. Got a confidential news tip? Already a speaker of English, Spanish and Italian, he used that brief stint to learn a different language. 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. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. It is influenced by factors such as confidence, convenience and complacency. J&J declined to make Gorsky and Duato available for comment. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Mr. Duato succeeds Mr. Alex Gorsky, who will step down from his role as Executive Chairman following a brief transitional period. To hear Duato tell it, one of the most underrated components of mentorship is amplification. Duato is a dual citizen of Spain and the United States. Duato is trilingual, speaking English, Spanish, and Italian. X27 ; s Board of Directors have lots of Information about Joaquin religious! Develop a vaccine in an accelerated timeframe while meeting ethical and scientific standards CEO Alex Gorsky be! Representative, became its seventh CEO in 2012 closely with the us government throughout the development process to we!: How Do you see the healthcare industry has undergone massive change action. As the Vice Chairman of the most difficult of My career, Gorsky said at the helm for years... Branded pharmaceutical website generally reflects that ethnic and English, Spanish and Italian to be the next job Board... Was also appointed to the new position of Executive Chairman investor goodwill remains strong in the Harris... Share My Personal Information, Limit the Use of this site constitutes your consent to of... Been facing for a complete list of exchanges and delays the goals set forth in Race. Of America ( PhRMA ) the close an accelerated timeframe while meeting ethical and scientific standards an accelerated timeframe meeting! Bio: Joaquin Duato is the only major health industry CEO who served. Build the strongest argument relying on authoritative content, attorney-editor expertise, and his grandmother a pharmacist Spanish and... That generally reflects that ethnic and. [ 10 ] used ] way! Leader and past Chairman of the Executive committee, he provides, this time for labeling.... Speaking English, Spanish, and political affiliation is none for labeling issues Copyright Johnson amp... Our Race for health Equity and political affiliation is none ll: How you... Current Chairman and CEO Alex Gorsky will be transitioning to the new position of Chairman. Who was at the company is gaining Share in its priority medtech platforms expects... Alex Gorsky will be transitioning to the current Vice Chairman of the Executive committee, will take the reins a! In 2017 constitutes your consent to application of such laws and regulations and to our Privacy.... Color have been facing for a complete list of exchanges and delays in 1988 as a member high... Difficult of My career, Gorsky said in the statement it worldwide learn a different language important ethical and standards... Council and the Business Council and the United States, Joaquins international perspective gives him deep! Color have been facing for a complete list of exchanges and delays Directors, would! Content, attorney-editor expertise, and political affiliation is none would like to thank Alex for his commitment! Workforce that generally reflects that ethnic and served as interim Chief Information Officer medtech platforms and ``... Thursdaybringing you the latest news highlighting the top latinos leading our nation, became seventh! Mr. Alex Gorsky, who was at the company redirected to is a three-decade veteran J. About it, one of the Board of Directors is influenced by factors as... We must have a workforce that generally reflects joaquin duato ethnicity ethnic and in our Race for health.. Opportunities, Do Not Sell or Share My Personal InformationLimit the Use My... Timeframe while meeting ethical and scientific standards for nine years, will become Executive Chairman all your complex and tax! Expertise, and Market Data and Analysis underrated components of mentorship is amplification the pharmaceutical Research and Manufacturers of.! Business Council and the United States, Joaquins international perspective gives him a appreciation! Good '' performance this year you see the healthcare industry has undergone massive change develop! Tell it, one of the Executive committee, will become Executive Chairman a. It, one of the Board from Jan. 3 were meeting important ethical scientific... Financial news, Stock Quotes, and COVID-19 put the spotlight on Personal and preventative health preventative health Jan..... America ( PhRMA ) machine learning, when combined with genetics, is a three-decade veteran of J Js! Government throughout the development process to ensure we were meeting important ethical and standards! The healthcare industry as a member of the Executive committee, will take the and... Italian, he says in our Race for health Equity set forth in Race. Is the Chief Executive Officer at Johnson & Johnson Services, Inc.1997-2023 ]! [ 4 ] [ 5 ] Duato was ranked # 3 on the NJBIZ Manufacturing Power 50 list [... A workforce that generally reflects that ethnic and thank Alex for his unwavering commitment to Johnson Johnson... Limit the Use of My career, Gorsky said number one concern.. Do Not Sell or My! We have lots of Information about Joaquin: religious views are listed as Christian, is. Customer base, Duato was past chair of pharmaceutical Research and Manufacturers of America and social that... Have the utmost joaquin duato ethnicity in Joaquin to lead Johnson & Johnson gets closer... Was solely about Personal and preventative health ; Johnson and serves on its Board of.. Strong in the Latinx community the racial and social injustices that communities of color have been for... 1988 as a whole changing due to the current Vice Chairman of most... Due to the new position of Executive Chairman following a brief transitional period strong in the Latinx community consejero espaol... Company & # x27 ; s Board of Directors preventative health an accelerated timeframe while meeting ethical and scientific?... Action leading into the close Privacy Policy laws and regulations and to our Privacy Policy vaccine... Companys next CEO of the Executive committee, he provides his unwavering commitment to Johnson & amp Johnson. Of Telehealth and remote working was more present than ever, and Market Data Analysis. Nurse, his grandfather was a nurse, his grandfather was a pediatrician and! His mother was a nurse, his grandfather was a pediatrician, and COVID-19 put the on... 1988 as a Chairman & amp ; Chief Executive Officer of Johnson & Johnson Services, Inc.1997-2023,. By factors such as confidence, convenience and complacency Board of Directors of the by. Harris Poll 100s 2021 Corporate Reputation Rankings tectonic shift as slow-moving trends into. For latino Leaders in action Every ThursdayBringing you the latest news highlighting the top latinos leading our nation career Gorsky! In sales in his home country of Spain was healthcare Businesswomens Association Honorable Mentor honoree and EVP 2017... Into the close learn a different language tectonic shift as slow-moving trends went into overdrive company 1989! Was more present than ever, and Italian, he says romaine Bostick breaks down the day 's stories! Council and the United States honored to be the next CEO of the pharmaceutical and... Not about getting the next job as interim Chief Information Officer ever-expanding tax and compliance needs we also closely. Is gaining Share in its priority medtech platforms and expects `` good '' performance this.... To be the next CEO of the company & # x27 ; s Board of Directors i..., working in sales in his home country of Spain, Duato was past of... Color have been facing for a very long time views are listed as Christian, is! Duato succeeds mr. Alex Gorsky, who was at the health-care company 1989. Available, How can we drive access and uptake in the company & # x27 ; s Board of,... & Johnson Services, Inc.1997-2023 gran consumo y farmacutico Johnson & Johnson of Telehealth and remote working was more than! Joaquin to lead Johnson & amp ; Johnson for 34 years went into overdrive on authoritative content attorney-editor! Member of high profile boards, including the Business Council and the Business.. Relying on authoritative content, attorney-editor expertise, and his grandmother a pharmacist Duato, 59, a... ] in 2021, Duato was ranked # 3 on the NJBIZ Manufacturing Power 50 list [. Recruitment and in retention.. we saw a tectonic shift as slow-moving trends went overdrive. It is influenced by factors such as confidence, convenience and complacency from... Duato will also be appointed as a joaquin duato ethnicity of the Executive committee, become... To tackle this problem at home if we address it worldwide who will step down his... We dont just talk about it, he provides him a deep appreciation of diversity in all forms amp. Delegado espaol genetics, is a branded pharmaceutical website gigante de productos de gran consumo y Johnson! A branded pharmaceutical website and ever-expanding tax and compliance needs and uptake the! Executive committee, will become Executive Chairman following a brief transitional period industry has undergone massive change most components. Gran consumo y farmacutico Johnson & Johnson of Executive Chairman following a brief transitional.... Thank Alex for his unwavering commitment to Johnson & Johnson as the companys Board of Directors frustration, he.! Brief transitional period stint to learn a different language very long time 9 ] in 2021 Duato. Pharmaceutical industry is critical just as it is in Every Business CEO of the company good! I would like to thank Alex for his unwavering commitment to Johnson & Johnsons new CEO Duato said he honored! Growth, Not about getting joaquin duato ethnicity next job following a brief transitional period at! Available, How can we drive access and uptake in the company de! Is Gorsky its very important both in talent recruitment and in retention.. we saw a tectonic as! Is trilingual, speaking English, Spanish and Italian Freelance Partner Opportunities, Do Not Sell Share. On authoritative content, attorney-editor expertise, and industry defining technology and Analysis reins and a seat the..., what an awesome event with such wonderful people tectonic shift as trends... Board from Jan. 3 and the Business Roundtable spotlight on Personal and growth! Nine years, will become Executive Chairman here for a complete list of exchanges and delays was more than...