Deloitte does not. Johnson & Johnson is spinning off its consumer health business from its biotech and medical technology and forming two companies. 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. that its current Chairman and CEO Alex Gorsky will be transitioning to the new position of Executive Chairman. 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 . Priority No. All Rights Reserved. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. Joaquin Duato works as a Chairman & Chief Executive Officer at Johnson & Johnson, which is a Holding Companies & Conglomerates company with an estimated 144 K employees; and founded in 1886. Joaquin has long believed in the power of technology to accelerate progress in healthcare. The vaccine technology platform was designed to help the global health community better prepare for and combat life threatening infectious disease outbreaks and aided in the accelerated development of vaccines. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Inclusion is an integral part of how we will achieve the goals set forth in our Race for Health Equity. 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. 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. 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. "That's a sign of how much we believe in the opportunity that I was describing of combining science and technology to deliver improvements in patient care," Duato said. Easy. Joaquin Duato Chairman of the Board and Chief Executive Officer New Brunswick, New Jersey, United States 38K followers 500+ connections Join to follow Johnson & Johnson Esade About I believe that. Over our more than 25 years of working together, he has always demonstrated a passion for solving complex medical and business challenges. "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. The rules of the past no longer apply after the seismic events of the past three years. Meanwhile, Wall Street and Washington have long awaited Gorskys next move. Having also served as recent chairman of the industrys most prominent trade organization, the Pharmaceutical Research and Manufacturers of America, Duato has connections across the sector. Joaquin Duato will be leading Johnson & Johnson as a new CEO of Johnson & Johnson - Get Free Report starting January 3. He started at the company in 1989, working in sales in his home country of Spain. #jnj #mycompany #data #innovation 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 . Our Credo is clear. He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Please see our Privacy Policy. Joaqun Duato, hasta ahora vicepresidente del grupo, sustituir desde el 3 de . He is committed to building an inclusive workforce that reflects the patients Johnson & Johnson serves. 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. 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. 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. Joaquin has many family members and associates who include Robert Silverstein, Michelle Savini, Christopher Hedin, Karen Rauchbach and Michael Stappas. On behalf of the Board of Directors, I would like to thank Alex for his unwavering commitment to Johnson & Johnson. Duato will also be appointed to the board following his transition to. 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. Pharma relies on people who come from a scientific background, but historically within STEM [science, technology, engineering, and mathematics], youve seen more men, he says. Early life and education [ edit] Duato grew up in Valencia, Spain. Duato cited the recent approval of CARVYKTI, an antigen receptor T-cell therapy for the treatment of multiple myeloma, which helped 98% of patients who were otherwise likely to be headed for hospice care. 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. Mr. Duato succeeds Mr. Alex Gorsky, who will step down from his role as Executive Chairman following a brief transitional period. 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. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Joaquin Duato helped mastermind the health giant's breakup. 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. May 8, 2017 1:35 pm Photo credit: Matt Greenslade You don't have to try too hard to make a human case for mentoring. LL: Tell me about something J&J is doing to address vaccination hesitancy among the LatinX community that youre particularly proud of? 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. Our Standards: The Thomson Reuters Trust Principles. Mr. Duato has served as Johnson & Johnsons CEO and a member of the Board of Directors since January 3, 2022. 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. El gigante de productos de gran consumo y farmacutico Johnson & Johnson tendr un consejero delegado espaol. Latino Leaders in Action Every ThursdayBringing you the latest news highlighting the top latinos leading our nation. 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. 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. [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. See also:Healthcare marketers still pushing to address the gender gap. On this Wikipedia the language links are at the top of the page across from the article title. Ultimately, we want to always reach a fair and equitable resolution in order to be able to focus on what we do best. Duato, 59, has been working for the company for over 30 years. (18 votes) Very easy. Joaquin Duato (born April 1962) is a Spanish-American business executive. [1] He is the chief executive officer (CEO) of Johnson & Johnson, an American multinational conglomerate. The estimated Net Worth of Jennifer L Taubert is at least $42.8 Million dollars as of 22 November 2022. About Joaquin DuatoJoaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. More recently,carcinogens were foundin some of its aerosol sunscreen products. 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. 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. El nuevo consejero delegado de la multinacional es hermano de la actriz Ana Duato y primo del bailarn y coregrafo Nacho Duato. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. This site is governed solely by applicable U.S. laws and governmental regulations. 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. In January 2022, Joaquin Duato became Johnson & Johnson's new Chief Executive Officer. Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. 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. He is a member of high profile boards, including the Business Council and the Business Roundtable. Lilly to cut some list prices by 70% and offer $25 insulin, GSK catches up with Pfizer in RSV vaccine race after FDA panel's backing, Reporting by Leroy Leo in Bengaluru; Editing by Krishna Chandra Eluri, China scoffs at FBI claim that Wuhan lab leak likely caused COVID pandemic, 'Havana syndrome' not caused by foreign adversary, U.S. intel finds, EU silence over Pfizer COVID contract talks is problem that won't go away -watchdog, Dow and X-energy to build U.S. Gulf Coast nuclear demonstration plant, Delta pilots ratify new contract, raise 'the bar' for rival airlines, South African scientists use bugs in war against water hyacinth weed, Oil settled up as rising supplies face Chinese demand hopes, How Elon Musk has missed his targets on delivering affordable cars, Exclusive news, data and analytics for financial market professionals. In March, the two executives clinched a deal in which Merck would manufacture J&Js Covid-19 vaccine. I have the utmost confidence in Joaquin to lead Johnson & Johnson as the Companys next CEO, Gorsky said. We saw a tectonic shift as slow-moving trends went into overdrive. 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. We are confident that Joaquin is uniquely qualified and the right person to lead Johnson & Johnson into the future, Mulcahy said in a statement. Gorsky said Duato oversaw Johnson & Johnsons response to the COVID-19 pandemic and led the coordination of global initiatives to safeguard the health of employees and ensure business and supply chain continuity.. 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. Joaquin Duato. 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. Tras 30 aos en la compaa: "La decisin ha sido una de las ms difciles de mi carrera" 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. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. His mother was a nurse, his grandfather was a pediatrician, and his grandmother a pharmacist. Next CEO, Gorsky said what we do best Limited, registered in the power technology. Workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech and. Wall Street and Washington have long awaited Gorskys next move for solving complex medical and business challenges, ahora... 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