Esade Alumni has announced the winner of the 2022 Esade Award: Joaqun Duato, CEO of Johnson & Johnson and Esade alumnus. (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 . 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. They averaged a 15% annual return, in line with the S&P 500 Index. 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. The NHMAs effort will help reach more Hispanic audiences with the facts and context they need to make informed decisions about getting vaccinated. Jan 26, 2023 11:12am. Nonetheless, investor goodwill remains strong in the company. 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. Duato added that he has worked closely with Gorsky for many years and will continue to benefit from his guidance. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the worlds largest, most diversified healthcare products company. Behind him are 19th century baby soaps, 100-year-old Band-Aids, and other timeworn products that made Johnson & Johnson into a household name. Supporting frontline health workers: In 2020, the Johnson & Johnson Family of Companies and the Johnson & Johnson Foundation committed $50 million to support frontline health workers. Duato is a dual citizen of Spain and the United States. Salesforce stock jumps 13% after earnings, revenue top estimates. He is a respected industry leader and past Chairman of the Pharmaceutical Research and Manufacturers of America. According to Johnson & Johnson, Gorsky has been the companys Chairman and Chief Executive Officer since 2012. Mr. Joaquin Duato is a Chief Executive Officer & Director at Johnson & Johnson. 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. Please see our Privacy Policy. They opened my mind and made me think about higher goals. These statements are based on current expectations of future events. 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. From 2018, he added responsibilities for the company's consumer business,. 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. Please see our Privacy Policy. El nuevo consejero delegado de la multinacional es hermano de la actriz Ana Duato y primo del bailarn y coregrafo Nacho Duato. He earned his MBA from the Wharton School of the University of Pennsylvania in 1996. LL: What was the basis for J&J to pursue emergency use authorization? Whenever [mentorship is used] that way, it can lead to misunderstandings and frustration, he admits. The role of Telehealth and remote working was more present than ever, and COVID-19 put the spotlight on personal and preventative health. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. As J&J prepares to split into two companies, Duato said that separating the consumer brands like Band-Aid, Tylenol, Neutrogena and Listerine from medical technology and pharmaceuticals will help the company be at the forefront of surgical techniques that transform health care. 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. 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. [4] After moving to the USA in 2002, Duato was appointed Executive Vice President, Worldwide Chairman, Pharmaceuticals in 2011. 2. Joaquin Duato at Johnson & Johnson headquarters in New Jersey. Joaquin has long believed in the power of technology to accelerate progress in healthcare. 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. Get this delivered to your inbox, and more info about our products and services. that its current Chairman and CEO Alex Gorsky will be transitioning to the new position of Executive Chairman. 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. [1] He is the chief executive officer (CEO) of Johnson & Johnson, an American multinational conglomerate. A Division of NBCUniversal. Duato notes with some justifiable pride that the pharma groups leadership team includes six women, with two of its three commercial regions led by women. El espaol Joaqun Duato ser el nuevo CEO de Johnson & Johnson tras renunciar Gorsky. Already a speaker of English, Spanish and Italian, he used that brief stint to learn a different language. All quotes delayed a minimum of 15 minutes. 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. Maya Tsukernik you are amazing, congratulations on a great job!!! You are now leaving jnj.com. Ultimately, we want to always reach a fair and equitable resolution in order to be able to focus on what we do best. Gorsky is leaving his successor with a pile of lawsuits and controversy on the desk: The company recently reached a landmarksettlementover its alleged role in the epidemic of opioid overdoses, but additional suits remain related to its talcum-based baby powder, as well as other drugs and devices. 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. As a dual citizen of Spain and the United States, his international perspective and global lens gives him a deep appreciation of diverse thoughts and opinions. All Rights Reserved. All contents Copyright Johnson & Johnson Services, Inc.1997-2023. "We don't just talk about it," he says. He earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. Visit a quote page and your recently viewed tickers will be displayed here. 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. 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. Duato grew up in Valencia, Spain. Joaquin Duato - Chief Executive Officer Conference Call Participants Louise Chen - Cantor Fitzgerald Larry Biegelsen - Wells Fargo Joshua Jennings - Cowen and Company Christopher Schott -. "We are very optimistic about the treatment modalities that we are bringing, like cell therapy that are going to enable us have an aspiration to be able to cure some diseases that were thought to be incurable," he said. 72 in the Axios Harris Poll 100s 2021 Corporate Reputation Rankings. The site youre being redirected to is a branded pharmaceutical website. Duato will succeed Alex Gorsky, who will step down from his role as executive chairman following a brief transitional period. 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. 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. J&J's Joaquin Duato: Diversity is 'essential' Under Duato, the leadership team for Johnson & Johnson's pharma group includes six women. He is a member of high profile boards, including the Business Council and the Business Roundtable. He earned an MBA from ESADE at Ramon Llull University in Barcelona, Spain. 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. 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. 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. Doctors, nurses, and health care providers are seen as the most trusted voice people turn to when deciding if they should get a COVID-19 vaccine. Joaquin has made over 15 trades of the Johnson & Johnson stock since 2017, according to the Form 4 filled with the SEC. We have lots of information about Joaquin: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is none. 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 . LL: What is Johnson & Johnson doing to combat COVID-19 beyond vaccine development? He was also appointed to the companys board of directors. we must have a workforce that generally reflects that ethnic and . Prior to that time, he held senior leadership positions over his 30-plus year career with the Company across multiple business sectors, geographics and functions. 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. I try to understand the individual and what strengths they have, the ones that make the person special and different, he says. Copyright 2023 Haymarket Media, Inc. All Rights Reserved This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Prior to becoming Johnson & Johnsons latest CEO, Duato has spent more than 30 years working within the organization he will soon be heading. Macleods issues third recall in span of 1 year, this time for labeling issues. Joaquin earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. During his 30-plus year career at J&J, Duato led multiple business divisions, geographies and functions. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Joaquin Duato takes over Jan. 3 as CEO amid plans to spin off J&J's consumer division, a shakeup of other executive leadership positions, high profile lawsuits and controversy that stunted sales . 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 served as a presenting sponsor for fundraising events UNICEF Changemaker 2020, where the above segment first aired, and UNICEF Snowflake Ball 2019. He is committed to building an inclusive workforce that reflects the patients Johnson & Johnson serves. AboutPressCopyrightContact. Its very important both in talent recruitment and in retention.. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology operations. 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. 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 Inflation will remain a factor, as some pressures alleviate this year but others remain longer, Duato said. Alex began his Johnson & Johnson career as a sales representative with Janssen Pharmaceutica in 1988. 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