Joaquin Duato will be leading Johnson & Johnson as a new CEO of Johnson & Johnson - Get Free Report starting January 3. The industry leader for online information for tax, accounting and finance professionals. This site is governed solely by applicable U.S. laws and governmental regulations. Please see our Privacy Policy. See also:Healthcare marketers still pushing to address the gender gap. Gorsky, whos been at the helm for nine years, will become executive chairman. Thats my number one concern.. 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. As part of this, were also partnering with leading organizations on vaccine education, including the National Hispanic Medical Associations #Vaccinate4All effort. Join us at MM+M Transform: The New Era of Connectivity for an in-depth look at trends likely to inform the industrys evolution over the next 18 months. The site youre being redirected to is a branded pharmaceutical website. On this Wikipedia the language links are at the top of the page across from the article title. You are now leaving jnj.com. [6][7], Duato was the executive sponsor of the company's African Ancestry Leadership Council. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. It is influenced by factors such as confidence, convenience and complacency. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. Data is a real-time snapshot *Data is delayed at least 15 minutes. I try to understand the individual and what strengths they have, the ones that make the person special and different, he says. We dont just talk about it, he says. Pharma. LinkedIn has officially entered its cringe era, and its working. They created a strong foundation of trust and collaboration and mutual respect.. "We understand that we have a reputation. We have lots of information about Joaquin: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is none. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. About Joaquin Duato Mr. Duato's 30-plus year career at Johnson & Johnson has spanned multiple business sectors, geographies and functions. 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. From 2018, he added responsibilities for the company's consumer business,. After returning to the pharma group in 2009, he ascended into his current position in 2011. 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. [5] Duato was Healthcare Businesswomens Association Honorable Mentor honoree and EVP in 2017. 3 We also partnered closely with the US government throughout the development process to ensure we were meeting important ethical and scientific standards. 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. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Johnson & Johnson. 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. Pronunciation of Joaquin Duato with 4 audio pronunciations. There is no bigger or better known health-care conglomerate in the world. 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. He was also appointed to the companys board of directors. They averaged a 15% annual return, in line with the S&P 500 Index. 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. (Podcast). Behind him are 19th century baby soaps, 100-year-old Band-Aids, and other timeworn products that made Johnson & Johnson into a household name. It was solely about personal and professional growth, not about getting the next job. Implementing tools and strategies to raise patient awareness and understanding of clinical trials to successfully enroll high percentages of underserved populations, 2. While Duato doesnt share specific experiences or anecdotes, he notes that being mentored was hugely important to his development as both a professional and a person and that every one of his mentors along the way happened to be women. During his tenure, J&J's market capitalization rose to over $460 billion from nearly $180 billion. Anne Mulcahy, J&Js lead independent director, said the board engaged in thoughtful long-term succession planning. She described Duato as an effective and committed leader who has been critical to the companys growth. 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. Partnering with minority health and community advocacy groups, such as the National Black Church Initiative (NBCI), 3. The role of Telehealth and remote working was more present than ever, and COVID-19 put the spotlight on personal and preventative health. Duato declined to go into legal specifics. His mother was a nurse, his grandfather was a pediatrician, and his grandmother a pharmacist. During Joaquins career with the Company, the Board has witnessed firsthand his ability to effectively lead, collaborate, and create value for all our stakeholders. We have to mentor and encourage the people who are here., From the May 01, 2017 Issue of MM+M - Medical Marketing and Media. He lives in Pennsylvania with his wife and has two grown children. I have the utmost confidence in Joaquin to lead Johnson & Johnson as the Companys next CEO, Gorsky said. We strive to improve access and affordability, create healthier communities, and put a healthy mind, body and environment within reach of everyone, everywhere. You dont have to try too hard to make a human case for mentoring. 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. J&J veteran Duato replaced Gorsky as CEO earlier this year after . All contents Copyright Johnson & Johnson Services, Inc.1997-2023. He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. [5] Duato was past chair of Pharmaceutical Research and Manufacturers of America (PhRMA). Joaquin has made over 15 trades of the Johnson & Johnson stock since 2017, according to the Form 4 filled with the SEC. The bio: Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. Please click below to continue to that site. 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. Copyright 2023 Haymarket Media, Inc. All Rights Reserved This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Moderate. We are confident that Joaquin is uniquely qualified and the right person to lead Johnson & Johnson into the future, Mulcahy said in a statement. 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. Easy. Create your free account or log in to continue reading this premium content. 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. Ultimately, we want to always reach a fair and equitable resolution in order to be able to focus on what we do best. In March, the two executives clinched a deal in which Merck would manufacture J&Js Covid-19 vaccine. Contact Us with any questions or search this site for more information. 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. Rate the pronunciation difficulty of Joaquin Duato. 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. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. From his early days in Spain, Joaquin found inspiration in how healthcare improved patients lives. 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. Leadership Team Michael J. Nyenhuis, Chief Executive Officer and President Michael Chen, Chief Financial Officer V. 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