[9] In 2021, Duato was ranked #3 on the NJBIZ Manufacturing Power 50 list.[10]. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. We dont just talk about it, he says. JD: The virus does not recognize borders. Moderate. 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. About Johnson & JohnsonAt Johnson & Johnson, we believe good health is the foundation of vibrant lives, thriving communities and forward progress. This passion stems from his belief that the healthcare industry must undergo a digital revolution to truly change the trajectory of human health. 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. The world's biggest maker of health care products said late Thursday that Joaquin Duato will become CEO and a member of the company's board of directors on January 3. articles a month for anyone to read, even non-subscribers! Duato is the only major health industry CEO who has served as chief information officer. Johnson & Johnson announced Thursday evening that Joaquin Duato will become CEO effective Jan. 3, replacing Alex Gorsky. It was solely about personal and professional growth, not about getting the next job. Rate the pronunciation difficulty of Joaquin Duato. [1] He is the chief executive officer (CEO) of Johnson & Johnson, an American multinational conglomerate. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. He was also appointed to the companys board of directors. We have lots of information about Joaquin: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is none. Nonetheless, investor goodwill remains strong in the company. The consumer business is more affected by inflationary pressures and there is more concern throughout the market and economy that consumers will begin to buy "off brand" products when they have the option. We know that Joaquin is single at this point. See here for a complete list of exchanges and delays. All contents Copyright Johnson & Johnson Services, Inc.1997-2023. Please see our Privacy Policy. The medtech business grew 16% in 2021 even as Covid limited procedures, and advancements in surgery using AI are among the breakthroughs that the new CEO is betting on. 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. That was a better performance than rival drugmakers Pfizer Inc. and Merck & Co., though health-care investors who opted for high-flying biotech stocks did better the Nasdaq Biotechnology Index quadrupled in that span. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the world's largest, most diversified healthcare products company. 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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. We want to hear from you. We have to make specific outreach to women on the STEM side. Get the top DEI news delivered straight to your inbox, New Brunswick, New Jersey-based multinational pharmaceutical giant Johnson & Johnson (a DiversityInc. The best ideas and solutions happen when people bring their uniqueness to work with them. Ultimately, we want to always reach a fair and equitable resolution in order to be able to focus on what we do best. 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. Romaine Bostick breaks down the day's top stories and trading action leading into the close. 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. Gorsky, the . . Tylenol and Motrin are both over-the-counter medicines that are commonly used to relieve pain and reduce fevers. Mr. Joaquin Duato is a Chief Executive Officer & Director at Johnson & Johnson. All Rights Reserved. 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. Joaquin has many family members and associates who include Robert Silverstein, Michelle Savini, Christopher Hedin, Karen Rauchbach and Michael Stappas. Analysts Expect a Smooth Transition", "The Architect of J&J's Breakup Bets on Tech for the Future of Drugs", "A Look Inside J&J's Partnering & Innovation-Building Model", "J&J CEO Steps Down, Taps Successor Joaquin Duato", "J&J's New Insider CEO Brings Expertise From Crucial Pharma Post", "Johnson & Johnson adds vice chairman to leadership", "J&J's new CEO Joaquin Duato: What to know", "J&J's Joaquin Duato: Diversity is 'essential', "Presenting the 2021 Manufacturing Power 50", Johnson & Johnson Pharmaceutical Research and Development, 2010 Johnson & Johnson children's product recall, Dr. Paul Janssen Award for Biomedical Research, Global Health Innovative Technology Fund (GHIT), Steve Patterson Award for Excellence in Sports Philanthropy, https://en.wikipedia.org/w/index.php?title=Joaquin_Duato&oldid=1125964304, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 6 December 2022, at 20:42. 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. Gorsky, who has served as CEO and chairman since 2012, will become. Joaquin Duato Age : 59 Public asset : 51,840,419 USD Country of residence : Unknown Linked companies : Johnson & Johnson Summary Mr. Joaquin Duato is a Chairman & Chief Executive Officer at Johnson & Johnson. Joaquin Duato is responsible for Johnson & Johnson's Pharmaceuticals and Consumer sectors, along with Supply Chain, Technology and Health & Wellness. 4. JD: With our ENSEMBLE COVID-19 vaccine clinical trial, we employed intentional focus and purposeful tracking in the clinical trial design and experience, which allowed us to achieve our enrollment targets within populations disproportionately affected by the COVID-19 pandemic. 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. Get this delivered to your inbox, and more info about our products and services. 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. "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. All Rights Reserved. Dual Citizenship: Duato holds dual citizenship from Spain and the United States. "We don't just talk about it," he says. Latino Leaders: How does diversity of thought and opinions help the pharmaceutical industry? Joaquin Duato is best known for driving the transformation of Johnson & Johnson's 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. His career in healthcare was influenced by his family. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. He started at the company in 1989, working in sales in his home country of Spain. As he takes the reins, he'll need to convince skeptics on Wall Street his pursuit of tech-industry luster goes far enough. On this Wikipedia the language links are at the top of the page across from the article title. Just as important was what Duatos mentors didnt do: push mentorship as a vehicle through which he might advance his career. The site youre being redirected to is a branded pharmaceutical website. Despite his incredible success, he was also quick to add just how excited he was to pass the companys rings to his successor. 72 in the Axios Harris Poll 100s 2021 Corporate Reputation Rankings. 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. "Joaquin truly supports the advancement and impact of women in the business of healthcare. Difficult. He leads a global workforce of 135,000 employees in developing and delivering . The estimated Net Worth of Jennifer L Taubert is at least $42.8 Million dollars as of 22 November 2022. Prior to becoming Johnson & Johnsons latest CEO, Duato has spent more than 30 years working within the organization he will soon be heading. Duato doesnt overtly attribute Johnson & Johnsons enduring success to its organizational makeup, but he doesnt downplay its importance the same way many other pharma higher-ups do, either. Overall, these circumstances have redoubled our efforts - and the efforts of our peers to tackle these healthcare challenges. 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. 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. The decision to step aside was one of the most difficult of my career. we must have a workforce that generally reflects that ethnic and . Duato received a Master of Business Administration from ESADE Business School in Barcelona, Spain, and a Master of International Management from the Thunderbird School of Global Management in Phoenix, Arizona. The rules of the past no longer apply after the seismic events of the past three years. To meet the needs and desires of our customers and community, we must have a workforce that generally reflects that ethnic and racial diversity. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Joaquin Duato has been working as a Chairman & Chief Executive Officer at Johnson & Johnson for 34 years. 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. Please click below to continue to that site. Alex began his Johnson & Johnson career as a sales representative with Janssen Pharmaceutica in 1988. 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. Not surprisingly, Duato stresses the Honorable Mentor honoree by the role that mentoring played in his rise up the Johnson & Johnson corporate hierarchy. "I'm very bullish about the potential of technology in accelerating discovery and developing new medicines.". He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology operations. If he doesn't abandontradition for innovation, we will be left behind, he says. Joaquin Duato helped mastermind the health giant's breakup. Wow, what an awesome event with such wonderful people! Your use of the information on this site is subject to the terms of our Legal Notice. Thats why for more than 135 years, we have aimed to keep people well at every age and every stage of life. AboutPressCopyrightContact. The pharma unit Duato leads generated $33.5 billion in sales last year, growing 7.5% (compared with 4% growth for Johnson & Johnson overall). 08.23.21. Mr. Duato has served as Johnson & Johnsons CEO and a member of the Board of Directors since January 3, 2022. Chairman of the Board and Chief Executive Officer. 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