Duato is committed to nurturing a diverse, equitable and inclusive workplace as J&J continues to develop medicines to transform the lives of patients around the world. All Rights Reserved. Sign up for free newsletters and get more CNBC delivered to your inbox. 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.". How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, S&P 500 Slumps to Lowest in Nearly Six Weeks: Markets Wrap, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. He earned an MBA from ESADE at Ramon Llull University in Barcelona, Spain. [1] He is the chief executive officer (CEO) of Johnson & Johnson, an American multinational conglomerate. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. See here for a complete list of exchanges and delays. Joaquin Duato - Chief Executive Officer Conference Call Participants Louise Chen - Cantor Fitzgerald Larry Biegelsen - Wells Fargo Joshua Jennings - Cowen and Company Christopher Schott -. 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. Contact Us with any questions or search this site for more information. Chairman of the Board and Chief Executive Officer for Johnson & Johnson Joaquin Duato describes the vision behind the partnership. Visit a quote page and your recently viewed tickers will be displayed here. 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 . 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. Related: For more recent diversity and inclusion news, click here. We dont just talk about it, he says. It is influenced by factors such as confidence, convenience and complacency. His mother was a nurse, his grandfather was a pediatrician, and his grandmother a pharmacist. After completing his undergraduate education at the U.S. Military Academy at West Point, NY, Alex served six years in the Army. 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. About Joaquin DuatoJoaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. J&J ranks No. Please see our Privacy Policy. All quotes delayed a minimum of 15 minutes. 3 We also partnered closely with the US government throughout the development process to ensure we were meeting important ethical and scientific standards. We want to hear from you. Early life and education [ edit] Duato grew up in Valencia, Spain. A Division of NBCUniversal. Even with a massive dip during last years market crash, the shares have gained 22% since the beginning of 2020. JD: Throughout our more than 130-year history, Johnson & Johnson has had a legacy of coming to the aid of communities during times of crisis from natural disasters to health outbreaks. We strive to improve access and affordability, create healthier communities, and put a healthy mind, body and environment within reach of everyone, everywhere. He was also appointed to the companys board of directors. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology operations. 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. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. All Rights Reserved. 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. 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Latino Leaders: How does diversity of thought and opinions help the pharmaceutical industry? Whenever [mentorship is used] that way, it can lead to misunderstandings and frustration, he admits. He is a respected industry leader and past Chairman of the Pharmaceutical Research and Manufacturers of America. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Duato is a dual citizen of Spain and the United States. The bio: Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. These statements are based on current expectations of future events. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. #jnj #mycompany #data #innovation Please click below to continue to that site. We saw a tectonic shift as slow-moving trends went into overdrive. JD: The Emergency Use Authorization (EUA) that we received in February 2021 was based on an independent assessment by the Food & Drug Administrations (FDA) Vaccines and Related Biological Products Advisory Committee (VRBPAC), which analyzed our topline Phase 3 ENSEMBLE trial data, and concluded that the potential benefits of the vaccine outweighed the known and potential risks. Johnson & Johnson announced Thursday evening that Joaquin Duato will become CEO effective Jan. 3, replacing Alex Gorsky. 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. Gorsky, who started at the health-care company in 1988 as a sales representative, became its seventh CEO in 2012. 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. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology . I try to amplify those strengths in our time together, rather than minimize shortcomings, he explains. 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. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its 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. All rights reserved. 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.. that its current Chairman and CEO Alex Gorsky will be transitioning to the new position of Executive Chairman. 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 . Already a speaker of English, Spanish and Italian, he used that brief stint to learn a different language. (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 . 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. About Johnson & JohnsonAt Johnson & Johnson, we believe good health is the foundation of vibrant lives, thriving communities and forward progress. "We understand that we have a reputation. J&Js drug business generated $45.6 billion in sales in 2020, accounting for more than half the companys revenue. Meanwhile, Wall Street and Washington have long awaited Gorskys next move. Aug 19, 2021 11:00PM EDT. articles a month for anyone to read, even non-subscribers! In addition, she makes $7,097,300 as Executive Vice President - Worldwide Chairman and . At Johnson & Johnson, we respect the diversity and dignity of every individual and we must use our position to not only speak out, but to take action. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. JD: The healthcare industry has undergone massive change. "We don't just talk about it," he says. Alex began his Johnson & Johnson career as a sales representative with Janssen Pharmaceutica in 1988. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. 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. Pharma group includes six women in addition, she makes $ 7,097,300 Executive! Dual citizen of Spain and the United States of J & Js drug business generated $ billion! 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