He lives in Pennsylvania with his wife and has two grown children. 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. Joaquin Duato: Diversity of thought and opinions in the pharmaceutical industry is critical just as it is in every business. Johnson & Johnson does not undertake to update any forward-looking statement as a result of new information or future events or developments. [3], Duato began his career in Johnson & Johnson in 1989 when he joined Janssen Pharmaceutica in Spain. Get this delivered to your inbox, and more info about our products and services. The disease itself took a disproportionate toll on the Black, Latinx, Indigenous and Pacific Islander communities and it forced us to revisit the way we address and provide equitable care. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. 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. [8], Joaquin Duato is a board member of the U.S. Spain Council and previously served on boards with UNICEF USA, Tsinghua University School of Pharmaceutical Sciences, and the Hess Corporation. Esade Alumni has announced the winner of the 2022 Esade Award: Joaqun Duato, CEO of Johnson & Johnson and Esade alumnus. Any forward-looking statement made in this release speaks only as of the date of this release. 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. Duato, the current vice chairman of the executive committee, will take the reins and a seat on the board from Jan. 3. 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. 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 coronavirus pandemic. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology . Duato, who has also been at the company for more than three decades, is the vice-chair of J&J's executive committee. 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. As he takes the reins, he'll need to convince skeptics on Wall Street his pursuit of tech-industry luster goes far enough. 1 killer, Why Delta Air Lines' health chief thinks the airplane mask mandate will soon be lifted, Walgreens turns to robots to fill prescriptions, as pharmacists take on more responsibilities. 5 To put better health in reach for everyone and drive vaccine uptake, we need to meet people where they are. 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. Gorsky also led Johnson & Johnsons purchase of Actelion, the largest in J&J history, which significantly expanded Johnson & Johnsons portfolio of rare-disease treatments. LinkedIn has officially entered its cringe era, and its working. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. Rate the pronunciation difficulty of Joaquin Duato. With these additions to our global manufacturing network, we are committed to delivering 100 million single-shot doses of our COVID-19 vaccine to the U.S. government, and delivering 200 million doses to the European Union, Norway and Iceland. But the new chief executive officerisnt interested in artifacts. Create your free account or log in to continue reading this premium content. Inflation will remain a factor, as some pressures alleviate this year but others remain longer, Duato said. In January 2022, Joaquin Duato became Johnson & Johnson's new Chief Executive Officer. 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. 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. About 64% of Hispanic adults now say theyve either gotten at least one dose of the vaccine or will get it as soon as they can. [5] Duato was past chair of Pharmaceutical Research and Manufacturers of America (PhRMA). Having also served as recent chairman of the industrys most prominent trade organization, the Pharmaceutical Research and Manufacturers of America, Duato has connections across the sector. 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. 2023 Fortune Media IP Limited. 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. See also:Healthcare marketers still pushing to address the gender gap. Risk Factors, in the Companys most recently filed Quarterly Report on Form 10-Q and the Companys subsequent filings with the Securities and Exchange Commission. Even with a massive dip during last years market crash, the shares have gained 22% since the beginning of 2020. "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. Overall, these circumstances have redoubled our efforts - and the efforts of our peers to tackle these healthcare challenges. 8 Enthusiasm for getting the COVID-19 vaccine continues to grow among people across racial and ethnic backgrounds, with the largest increase among Black adults. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the world's largest, most diversified healthcare products company. 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 . The largest trade he's ever made was exercising 148,538 units of Johnson & Johnson stock on 17 January 2023 worth over $10,774,947. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology . LL: How do you see the healthcare industry as a whole changing due to the current pandemic? [1] He is the chief executive officer (CEO) of Johnson & Johnson, an American multinational conglomerate. About Joaquin Duato Mr. Duato's 30-plus year career at Johnson & Johnson has spanned multiple business sectors, geographies and functions. Next Tuesday, when the company is set to reveal its fourth-quarter performance, investors will also be paying attention to what Joaquin Duato, a longtime J&J exec who became CEO earlier this month, has to say about the direction of 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. "We don't just talk about it," he says. Chairman of the Board and Chief Executive Officer. Previously, Joaquin served as the Vice Chairman of the . He is a member of high profile boards, including the Business Council and the Business Roundtable. [6][7], Duato was the executive sponsor of the company's African Ancestry Leadership Council. Ultimately, we want to always reach a fair and equitable resolution in order to be able to focus on what we do best. 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 . He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Johnson & Johnson Names CEO Joaquin Duato as Chairman of the Board. Mr. Duato has served as Johnson & Johnsons CEO and a member of the Board of Directors since January 3, 2022. 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. JOIN US FOR HEALTHY RETURNS SUMMIT ON MARCH 29 2023. Pharma. Machine learning, when combined with genetics, is also accelerating the discovery and development of new medicines. Contact Us with any questions or search this site for more information. Mr. Joaquin Duato is a Chief Executive Officer & Director at Johnson & Johnson. His mother was a nurse, his grandfather was a pediatrician, and his grandmother a pharmacist. 3 /5. 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. 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. 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. Visit a quote page and your recently viewed tickers will be displayed here. We saw a tectonic shift as slow-moving trends went into overdrive. 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. LL: How was Johnson & Johnson able to develop a vaccine in an accelerated timeframe while meeting ethical and scientific standards? Duato declined to go into legal specifics. 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