joaquin duato ethnicity

Aug 19, 2021 11:00PM EDT. Gorsky, who has served as CEO and chairman since 2012, will become. We are blending our heart, science and ingenuity to profoundly change the trajectory of health for humanity. The estimated Net Worth of Jennifer L Taubert is at least $42.8 Million dollars as of 22 November 2022. 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. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the world's largest, most diversified healthcare products company. (18 votes) Very easy. Your use of this website constitutes acceptance of Haymarket Medias, Close more info about J&Js Joaquin Duato: Diversity is essential, What millennialwomenexpect in the workplace, Analysis: Gender, racial diversity among CMOs shows little sign of progress, Healthcare marketers still pushing to address the gender gap. We have to make specific outreach to women on the STEM side. 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. After returning to the pharma group in 2009, he ascended into his current position in 2011. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. We dont just talk about it, he says. 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. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. 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. 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. 3 /5. Please see our Privacy Policy. LL: How do you see the healthcare industry as a whole changing due to the current pandemic? Any forward-looking statement made in this release speaks only as of the date of this release. 5 To put better health in reach for everyone and drive vaccine uptake, we need to meet people where they are. Over the next three decades, he advanced through positions of increasing responsibility in sales, marketing, and management, culminating in being named CEO and Chairman in 2012. 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. 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. Our Standards: The Thomson Reuters Trust Principles. In his current role, he provides strategic direction for the Pharmaceutical and Consumer Health sectors (a $60 billion portfolio) and oversees the Global Supply Chain, Technology and Health & Wellness teams. 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. 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 officer, giving him key insights into the role of technology in health care. The former army captain and endurance athlete who takes spin classes alongside his employees has long been speculated to one day seek political office. 2023 Fortune Media IP Limited. Presenting a business case for devoting extensive time and resources to mentoring is a trickier task but one that Joaquin Duato, this years Healthcare Businesswomens Association Honorable Mentor honoree and EVP, worldwide chairman, pharmaceuticals at Johnson & Johnson, accomplishes with uncanny ease. He started at the company in 1989, working in sales in his home country of Spain. Copies of these filings are available online at www.sec.gov, www.jnj.com or on request from Johnson & Johnson. (Reuters) -Johnson & Johnson on Thursday appointed Joaquin Duato as chief executive officer to replace veteran Alex Gorsky to steer the healthcare conglomerate through the remainder of the . 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. El gigante de productos de gran consumo y farmacutico Johnson & Johnson tendr un consejero delegado espaol. "I'm very bullish about the potential of technology in accelerating discovery and developing new medicines.". 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. Easy. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. LL: How did J&J consider diversity in clinical trials for your COVID-19 Vaccine? 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. The site youre being redirected to is a branded pharmaceutical website. 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. Prior to this role, as Worldwide Chairman, Pharmaceuticals, Joaquin transformed the sector into a global powerhouse by refocusing strategy and investment around core therapeutic areas and areas of greatest unmet need. 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. Representation and inclusion is part of our DNA. Duato will also be appointed as a member of the company's Board of Directors. 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. [3] Duato was appointed CEO in August 2021 which became effective on January 3, 2022. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. CVS and Walgreens confirmed last month that their pharmacies were limiting the. 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. 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. 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. 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. We saw a tectonic shift as slow-moving trends went into overdrive. 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. 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. 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The best ideas and solutions happen when people bring their uniqueness to work with them. He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. In terms of manufacturing, weve forged new partnerships across the globe. by Joaquin Duato, vice chairman of the executive committee, Johnson & Johnson Editor's note: These views and opinions do not reflect those of Deloitte or its personnel. 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. . That is why I believe. "We don't just talk about it," he says. 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. 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. COVID-19 exposed the racial and social injustices that communities of color have been facing for a very long time. LL: Now that the vaccine is available, how can we drive access and uptake in the Latinx community? 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. About Joaquin Duato Mr. Duato's 30-plus year career at Johnson & Johnson has spanned multiple business sectors, geographies and functions. Duato, 59, will take the role effective Jan. 3 when he will also take a seat on the company's board, J&J said in a statement late Thursday. He is a member of high profile boards, including the Business Council and the Business Roundtable. Under Duato, the leadership team for Johnson & Johnson's pharma group includes six women. On behalf of the Board of Directors, I would like to thank Alex for his unwavering commitment to Johnson & Johnson. Joaquin Duato is responsible for Johnson & Johnson's Pharmaceuticals and Consumer sectors, along with Supply Chain, Technology and Health & Wellness. Terms & Conditions. 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. Joaquin Duato, who led J&J's pharmaceuticals business before becoming a Gorsky deputy, will become chief executive and join the company's board of directors. Over the last three decades, Alexs influence has truly shaped the global healthcare landscape and improved billions of lives, said Anne Mulcahy, Lead Independent Director. To meet the needs and desires of our customers and community, we must have a workforce that generally reflects that ethnic and racial diversity. "We don't just talk about it," he says. In addition to driving accelerated growth and profitability in our Pharmaceutical and Consumer Health businesses, in his most recent role of Vice Chairman of the Executive Committee, Joaquin helped guide our enterprise strategic planning process, encompassing all three of the Companys business segments, and was responsible for spearheading a significant technology transformation across the enterprise over the past year. 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. In his first interview as Johnson & Johnson CEO, Joaquin Duato says at CNBC's Healthy Returns that there will be more innovation in health care over the next ten years than in the past century. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. articles a month for anyone to read, even non-subscribers! During Joaquins career with the Company, the Board has witnessed firsthand his ability to effectively lead, collaborate, and create value for all our stakeholders. 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. Duato, 59, has been working for the company for over 30 years. This passion stems from his belief that the healthcare industry must undergo a digital revolution to truly change the trajectory of human health. A longtime advocate of diversity and inclusion and supporter of veterans issues, Alex currently sits on the Board of Directors of Apple, IBM, JPMorgan Chase, NewYork-Presbyterian Hospital, and the Travis Manion Foundation, and serves on the Wharton School of the University of Pennsylvania Board of Advisors. Today, as the worlds largest diversified healthcare products company, we are committed to using our reach and size for good. It was solely about personal and professional growth, not about getting the next job. Early life and education [ edit] Duato grew up in Valencia, Spain. You are now leaving jnj.com. Over our more than 25 years of working together, he has always demonstrated a passion for solving complex medical and business challenges. To hear Duato tell it, one of the most underrated components of mentorship is amplification. 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.". Salesforce stock jumps 13% after earnings, revenue top estimates. Duato grew up in Valencia, Spain. Yet Duato plotted to rid itof itsconsumer-products legacy. Tylenol and Motrin are both over-the-counter medicines that are commonly used to relieve pain and reduce fevers. "We can plan much better our clinical trials, we are able to create synthetic control groups instead of having placebo groups and we are also able to stratify and identify patients that are difficult to find in rare diseases utilizing algorithms that enable us to identify them," he said. Deloitte does not. See here for a complete list of exchanges and delays. Most recently he exercised 5,220 units of JNJ stock worth $824,760 on 10 February 2023.. According to Johnson & Johnson, Gorsky has been the companys Chairman and Chief Executive Officer since 2012. J&J shares, including reinvested dividends, more than tripled under Gorskys tenure. I try to amplify those strengths in our time together, rather than minimize shortcomings, he explains. [5] Duato was past chair of Pharmaceutical Research and Manufacturers of America (PhRMA). 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. 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. 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. 3 We also partnered closely with the US government throughout the development process to ensure we were meeting important ethical and scientific standards. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. He is a respected industry leader and past Chairman of the Pharmaceutical Research and Manufacturers of America. They closed at a record high of $179.47 Tuesday, buoyed by the companys portfolio of cancer and immunology drugs as patients return to hospitals after lockdown. Mr. Duato JNJ stock SEC Form 4 insiders trading. When the COVID-19 pandemic began he oversaw the Companys rapid response to the crisis and drove coordination of global initiatives to safeguard the health of employees, ensure business and supply chain continuity, and accelerate the development of a COVID-19 vaccine. Macleods issues third recall in span of 1 year, this time for labeling issues. I believe that moving forward, we will take the lessons we have learned from the COVID-19 pandemic humanitarian crisis as we look to consider and prioritize the health of all communities, patients, consumers, and their families. About Johnson & JohnsonAt Johnson & Johnson, we believe good health is the foundation of vibrant lives, thriving communities and forward progress. 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. You dont have to try too hard to make a human case for mentoring. 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. This is closely followed by the CDC, family/friends and then by state and local health departments/officials. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. Inclusion is an integral part of how we will achieve the goals set forth in our Race for Health Equity. "Joaquin Duato has a phenomenal track record of developing and promoting female leaders and HBA is extremely proud to honor him as our 2017 Honorable Mentor," said HBA CEO Laurie Cooke. Maya Tsukernik you are amazing, congratulations on a great job!!! Meanwhile, Wall Street and Washington have long awaited Gorskys next move. Joaquin has made over 15 trades of the Johnson & Johnson stock since 2017, according to the Form 4 filled with the SEC. He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. He is on the Board of Directors at Johnson & Johnson, U.S.-Spain Council, Inc. and Save The Children Federation, Inc . [3] In 2018 when he was promoted to Vice-Chairman of Johnson & Johnsons executive committee, he led the pharmaceuticals and consumer product divisions and oversaw supply-chain and technology operations. Interview by Mariana G. Briones Lideres Mexicanos guest editor for Latino Leaders. 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. I also want to thank Alex for his countless contributions to our Company. Johnson & Johnson said Thursday that Joaquin Duato will transition to the role of CEO on January 3, replacing Alex Gorsky. Get this delivered to your inbox, and more info about our products and services. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". For a global organization like ours, its essential to be a diverse company in gender, ethnicity, geographic origin, educational background, and more. Leadership Team Michael J. Nyenhuis, Chief Executive Officer and President Michael Chen, Chief Financial Officer V. Rene Cutting, Chief Philanthropy Officer Shelley Diamond, Chief Marketing Officer Michael Klompus, Chief People Officer Jess Leinwand, Chief Legal Officer and General Counsel Cristina Shapiro, President of the Impact Fund for Children Darla Silva, Chief Program On the edge of Johnson & Johnsons New Brunswick, New Jersey campus, Duato is giving his first sit-down interview from within the companys oldest building, which once produced energy for its factories. 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. 2. Powered and implemented by Interactive Data Managed Solutions. Our Credo is clear. He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. 4. As he takes the reins, he'll need to convince skeptics on Wall Street his pursuit of tech-industry luster goes far enough. 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. LL: What was the basis for J&J to pursue emergency use authorization? After completing his undergraduate education at the U.S. Military Academy at West Point, NY, Alex served six years in the Army. 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. Implementing tools and strategies to raise patient awareness and understanding of clinical trials to successfully enroll high percentages of underserved populations, 2. 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