";s:4:"text";s:32550:"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. Cautions Concerning Forward-Looking StatementsThis press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Johnson & Johnson has faced multiple lawsuits over products and medical devices, fromtalc to hip replacement and opioids, which have resulted in significant financial settlements, without any admission of wrongdoing, as well as ongoing litigation. Early life and education [ edit] Duato grew up in Valencia, Spain. La farmacutica estadounidense Johnson & Johnson (J&J) anunci . Duato, 59, has been working for the company for over 30 years. He was also appointed to the companys board of directors. 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. Just as important was what Duatos mentors didnt do: push mentorship as a vehicle through which he might advance his career. Tras 30 aos en la compaa: "La decisin ha sido una de las ms difciles de mi carrera" 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. Contract & Freelance Partner Opportunities, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. 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. 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. 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. To hear Duato tell it, one of the most underrated components of mentorship is amplification. See also:Healthcare marketers still pushing to address the gender gap. But the 61-year-old cited family health reasons as partially motivating his departure. "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. Joaquin has long believed in the power of technology to accelerate progress in healthcare. 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 . 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. To meet the needs and desires of our customers and community, we must have a workforce that generally reflects that ethnic and racial diversity. Johnson & Johnson does not undertake to update any forward-looking statement as a result of new information or future events or developments. During his 30-plus year career at J&J, Duato led multiple business divisions, geographies and functions. A Division of NBCUniversal. Nonetheless, investor goodwill remains strong in the company. All Rights Reserved. (RTTNews) - Johnson & Johnson said that its vice chairman, Joaquin Duato, will become chief executive officer of the company on 3rd January 2022, with Chairman and chief . Duato will also be appointed as a member of the company's Board of Directors. 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. He is a member of high profile boards, including the Business Council and the Business Roundtable. 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Rate the pronunciation difficulty of Joaquin Duato. We have lots of information about Joaquin: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is none. About Joaquin Duato Mr. Duato's 30-plus year career at Johnson & Johnson has spanned multiple business sectors, geographies and functions. #jnj #mycompany #data #innovation 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. (18 votes) Very easy. Inclusion is an integral part of how we will achieve the goals set forth in our Race for Health Equity. Under Alexs leadership, Johnson & Johnson continues to be one of the worlds exceptional corporations and is currently the number one pharmaceutical company on Fortune magazines list of the Worlds Most Admired Companies.. 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.. 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. Over 34 years with the company, he developed a deep understanding of whats possible at Johnson & Johnson by working in all business sectors and across multiple geographies and functions. All quotes delayed a minimum of 15 minutes. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. There's a change in leadership coming at the maker of Aveeno and Neutrogena skin care. El espaol Joaqun Duato ser el nuevo CEO de Johnson & Johnson tras renunciar Gorsky. Gorsky, who was at the helm for nine years, will become executive chairman. "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. This passion stems from his belief that the healthcare industry must undergo a digital revolution to truly change the trajectory of human health. Joaquin Duato helped mastermind the health giant's breakup. 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. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology . JD: The virus does not recognize borders. COVID-19 exposed the racial and social injustices that communities of color have been facing for a very long time. Sign up for free newsletters and get more CNBC delivered to your inbox. During that time, the sector grew into what is today the fourth-largest innovative pharmaceutical company globally. Duato, the current vice chairman of the executive committee, will take the reins and a seat on the board from Jan. 3. See here for a complete list of exchanges and delays. Pharmaceutical Research and Manufacturers of America, "Next decade will transform health care more than past century: Johnson & Johnson CEO", "J&J's CEO Plans to Step Down. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the world's largest, most diversified healthcare products company. 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. This site is governed solely by applicable U.S. laws and governmental regulations. 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. Joaquin Duato is best known for driving the transformation of Johnson & Johnsons 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. Previously, Joaquin served as the Vice Chairman of the . Joaquin earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. 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. 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. 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 . Johnson & Johnson JNJ has long been viewed as a bellwether stock for other health care companies, given its early slot in the earnings calendar and a business model that spans everything from hip implants to rheumatoid arthritis drugs and Band-Aids. 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.". There is no bigger or better known health-care conglomerate in the world. Duato added that he has worked closely with Gorsky for many years and will continue to benefit from his guidance. Our Company has an unmatched healthcare platform: we are a global pharmaceutical leader with a robust pipeline of transformational and innovative medicines, our Medical Device business is at the forefront of applying cutting-edge technology to deliver physician and patient-centric products and solutions and our Consumer Health business continues to evolve its portfolio of iconic heritage brands and innovative growth brands, he said. The pharma unit Duato leads generated $33.5 billion in sales last year, growing 7.5% (compared with 4% growth for Johnson & Johnson overall). Duato is a dual citizen of Spain and the United States. On this Wikipedia the language links are at the top of the page across from the article title. "I'm very bullish about the potential of technology in accelerating discovery and developing new medicines.". [4][5] He also served as interim Chief Information Officer. 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. We believe we have a responsibility to step in and invest in solutions for global public health crises, and we are proud to be contributing to the global COVID-19 response. The reader is cautioned not to rely on these forward-looking statements. Offers may be subject to change without notice. Johnson & Johnson went to another insider to lead the health-care giant through the pandemic, naming Joaquin Duato to replace longtime veteran Alex Gorsky. He leads a global workforce 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. 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. Pronunciation of Joaquin Duato with 4 audio pronunciations. 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. 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. 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. He started at the company in 1989, working in sales in his home country of Spain. 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. Now its a museum parading J&Js 136-year heritage. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. 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. 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. It is influenced by factors such as confidence, convenience and complacency. These statements are based on current expectations of future events. 4. Gorsky, who has served as CEO and chairman since 2012, will become. LL: Tell me about something J&J is doing to address vaccination hesitancy among the LatinX community that youre particularly proud of? 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. Yet Duato plotted to rid itof itsconsumer-products legacy. Continue reading your article with. Johnson & Johnsons new CEO Duato said he is honored to be the next CEO of the company. 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. Already a speaker of English, Spanish and Italian, he used that brief stint to learn a different language. 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. Priority No. Joaquin Duato: Diversity of thought and opinions in the pharmaceutical industry is critical just as it is in every business. He earned his MBA from the Wharton School of the University of Pennsylvania in 1996. Pharma. Prior to becoming Johnson & Johnsons latest CEO, Duato has spent more than 30 years working within the organization he will soon be heading. 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. J&J declined to make Gorsky and Duato available for comment. "Mr. Duato's international . articles a month for anyone to read, even non-subscribers! Implementing tools and strategies to raise patient awareness and understanding of clinical trials to successfully enroll high percentages of underserved populations, 2. The NHMAs effort will help reach more Hispanic audiences with the facts and context they need to make informed decisions about getting vaccinated. Duato, who has also been at the company for more than three decades, is the vice-chair of J&J's executive committee. Beginning early last year, we initiated a multipronged response to the COVID-19 pandemic, which includes developing a vaccine, and providing support to those most in need. Even with a massive dip during last years market crash, the shares have gained 22% since the beginning of 2020. 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. If Johnson & Johnsons pharma group were a stand-alone company, it would likely rank as either the fifth- or sixth-largest pharma organization in the world. Duato grew up in Valencia, Spain. Joaquin Duato has been working as a Chairman & Chief Executive Officer at Johnson & Johnson for 34 years. "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. You are now leaving jnj.com. LinkedIn has officially entered its cringe era, and its working. 2023 CNBC LLC. LL: Now that the vaccine is available, how can we drive access and uptake in the Latinx community? 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. Esade Alumni has announced the winner of the 2022 Esade Award: Joaqun Duato, CEO of Johnson & Johnson and Esade alumnus. Joaquin Duato, J&J CEO (Photo by Charles Sykes/Invision/AP) January 25, 2022 12:50 PM EST. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. El nuevo consejero delegado de la multinacional es hermano de la actriz Ana Duato y primo del bailarn y coregrafo Nacho Duato. Duato said the company is gaining share in its priority medtech platforms and expects "good" performance this year. Joaquins appointment to the additional role of Chairman reflects his tremendous 30-year track record at Johnson & Johnson, as well as the Boards thoughtful and engaged approach to succession planning. 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. Our Credo is clear. Gorsky joins a parade of blue-chip executives who are moving on after long careers punctuated by the pandemic. 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. 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. Along with its drugs unit, its medical devices and consumer products divisions have rebounded sharply from the pandemic. 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. But the new chief executive officerisnt interested in artifacts. Why? 08.23.21. Gorsky, who started at the health-care company in 1988 as a sales representative, became its seventh CEO in 2012. "We understand that we have a reputation. 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. Difficult. He lives in Pennsylvania with his wife and has two grown children. Duato will also be appointed to the board following his transition to. 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