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. Joaquin has long believed in the power of technology to accelerate progress in healthcare. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology . He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology operations. The healthcare conglomerate is in the middle of the biggest shake-up in its 135-year history, spinning off its consumer health business under the name Kenvue. Joaqun Duato, hasta ahora vicepresidente del grupo, sustituir desde el 3 de . [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. Yet Duato plotted to rid itof itsconsumer-products legacy. 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. J&J veteran Duato replaced Gorsky as CEO earlier this year after . Johnson & Johnson said Thursday that Joaquin Duato will transition to the role of CEO on January 3, replacing Alex Gorsky. Duato, who has also been at the company for more than three decades, is the vice-chair of J&J's executive committee. See here for a complete list of exchanges and delays. 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. Johnson & Johnson is spinning off its consumer health business from its biotech and medical technology and forming two companies. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. Partnering with minority health and community advocacy groups, such as the National Black Church Initiative (NBCI), 3. 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. [3], Duato began his career in Johnson & Johnson in 1989 when he joined Janssen Pharmaceutica in Spain. El gigante de productos de gran consumo y farmacutico Johnson & Johnson tendr un consejero delegado espaol. Inflation will remain a factor, as some pressures alleviate this year but others remain longer, Duato said. Mr. Duato originally joined the Company in 1989. J&J veteran Duato replaced Gorsky as CEO earlier this year after holding a variety of roles during his more than 30 years at the company. 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. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. 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. In his current role, he provides strategic direction for the Pharmaceutical and Consumer Health sectors and oversees the Global Supply Chain, Technology and Health & Wellness teams. He also took a leading role in J&J's COVID-19 response and helped shape its pharmaceutical business strategy. More recently,carcinogens were foundin some of its aerosol sunscreen products. It has been an honor to work alongside each of you, and I could not think of a better leader than Joaquin to lead the Board as it helps guide the Company to even greater achievements.. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. He added that he saw a profound impact of Johnson & Johnsons medicines over his 30-year career with the company, which includes investment in research and development and drove global advances in healthcare over the past decade. 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. FORTUNE may receive compensation for some links to products and services on this website. They created a strong foundation of trust and collaboration and mutual respect.. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Duato will also be appointed to the board following his transition to. You are now leaving jnj.com. Jan 26, 2023 11:12am. 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. 08.23.21. On this Wikipedia the language links are at the top of the page across from the article title. Johnson & Johnson announced Thursday evening that Joaquin Duato will become CEO effective Jan. 3, replacing Alex Gorsky. Duato is a dual citizen of Spain and the United States. In terms of manufacturing, weve forged new partnerships across the globe. Moderate. He earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. J&J ranks No. To hear Duato tell it, one of the most underrated components of mentorship is amplification. "Overall, we've seen volatility in the consumer demand," Duato said, "but we continue to see very solid consumer business coming through and we continue to try to deliver what is best for consumers and we continue to try to mitigate our cost increases by improving our own efficiency, and in some cases also having price increases but overall, we are bullish about the potential of our consumer health business and about our ability to navigate the inflationary pressures in a way that is optimal for consumers," he said. Duato, who served as interim CIO at Johnson and Johnson for almost a year in 2019, said that role gave him insights into how artificial intelligence and automation can make surgery smarter. Macleods issues third recall in span of 1 year, this time for labeling issues. Joaquin Duato, the new CEO of Johnson & Johnson, is comfortable enough in his new position at the 135-year-old company to issue a bold claim just a few months into the job and during his first interview: he predicts the next decade will see more health-care transformation than occurred during the past century. Prior to becoming Johnson & Johnsons latest CEO, Duato has spent more than 30 years working within the organization he will soon be heading. "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. 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. 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. Johnson & Johnson Names CEO Joaquin Duato as Chairman of the Board. Joaquin Duato is surrounded by relics of the past. 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. CVS and Walgreens confirmed last month that their pharmacies were limiting the. The site youre being redirected to is a branded pharmaceutical website. 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. [5] Duato was past chair of Pharmaceutical Research and Manufacturers of America (PhRMA). Jan 26, 2023 09:15am. 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. The NHMAs effort will help reach more Hispanic audiences with the facts and context they need to make informed decisions about getting vaccinated. Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. Please click below to continue to that site. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the world's largest, most diversified healthcare products company. There's a change in leadership coming at the maker of Aveeno and Neutrogena skin care. Mr. Duato JNJ stock SEC Form 4 insiders trading. Copies of these filings are available online at www.sec.gov, www.jnj.com or on request from Johnson & Johnson. 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.". Johnson & Johnsons new CEO Duato said he is honored to be the next CEO of the company. Joaquin Duato at Johnson & Johnson headquarters in New Jersey. Salesforce stock jumps 13% after earnings, revenue top estimates. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. El espaol Joaqun Duato ser el nuevo CEO de Johnson & Johnson tras renunciar Gorsky. 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. We want to hear from you. Joaquin Duato is responsible for Johnson & Johnson's Pharmaceuticals and Consumer sectors, along with Supply Chain, Technology and Health & Wellness. 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 . Duato, the current vice chairman of the executive committee, will take the reins and a seat on the board from Jan. 3. 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. Inclusion is an integral part of how we will achieve the goals set forth in our Race for Health Equity. About Joaquin Duato Mr. Duato's 30-plus year career at Johnson & Johnson has spanned multiple business sectors, geographies and functions. Joaquin has made over 15 trades of the Johnson & Johnson stock since 2017, according to the Form 4 filled with the SEC. You are now leaving jnj.com. 1. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. Difficult. Cautions Concerning Forward-Looking StatementsThis press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Duato said the company is gaining share in its priority medtech platforms and expects "good" performance this year. Johnson & Johnson Location 1 Johnson & Johnson Plaza, New Brunswick, New Jersey, 08933, United States Description Read More Third recall in span of 1 year, this time for labeling issues in new Jersey, carcinogens foundin! Johnson announced Thursday evening that joaquin Duato will become CEO effective Jan. 3 59, is a veteran. 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