joaquin duato ethnicity
About Joaquin DuatoJoaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. Educating physicians and investigators and working with diverse clinical trial personnel. Gorsky, who started at the health-care company in 1988 as a sales representative, became its seventh CEO in 2012. #jnj #mycompany #data #innovation Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. For a global organization like ours, its essential to be a diverse company in gender, ethnicity, geographic origin, educational background, and more. Latino Leaders in Action Every ThursdayBringing you the latest news highlighting the top latinos leading our nation. 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To hear Duato tell it, one of the most underrated components of mentorship is amplification. Your use of the information on this site is subject to the terms of our Legal Notice. Our Standards: The Thomson Reuters Trust Principles. 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. COVID-19 exposed the racial and social injustices that communities of color have been facing for a very long time. Inclusion is an integral part of how we will achieve the goals set forth in our Race for Health Equity. Kenneth Frazier, Gorskys longtime counterpart at Merck, gave up his CEO role just weeks ago. 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. According to a recent Kaiser Family Foundation study, 75% of Hispanic adults trust their healthcare provider to give them reliable information about the available vaccines. We have lots of information about Joaquin: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is none. 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.". The estimated Net Worth of Jennifer L Taubert is at least $42.8 Million dollars as of 22 November 2022. articles a month for anyone to read, even non-subscribers! Mr. Duato JNJ stock SEC Form 4 insiders trading. I have the utmost confidence in Joaquin to lead Johnson & Johnson as the Companys next CEO, Gorsky said. Visit a quote page and your recently viewed tickers will be displayed here. Mr. Duato originally joined the Company in 1989. Anne Mulcahy, J&Js lead independent director, said the board engaged in thoughtful long-term succession planning. She described Duato as an effective and committed leader who has been critical to the companys growth. Duato added that he has worked closely with Gorsky for many years and will continue to benefit from his guidance. A Division of NBCUniversal. Latino Leaders: How does diversity of thought and opinions help the pharmaceutical industry? He is a respected industry leader and past Chairman of the Pharmaceutical Research and Manufacturers of America. If he doesn't abandontradition for innovation, we will be left behind, he says. 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. El nuevo consejero delegado de la multinacional es hermano de la actriz Ana Duato y primo del bailarn y coregrafo Nacho Duato. Duato, the current vice chairman of the executive committee, will take the reins and a seat on the board from Jan. 3. We have to mentor and encourage the people who are here., From the May 01, 2017 Issue of MM+M - Medical Marketing and Media. we must have a workforce that generally reflects that ethnic and . Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. He leads a global workforce of 135,000 employees in developing and delivering . 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. Moderate. All Rights Reserved. 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. People on the Move: Chris Womack, CEO, Southern Company, People on the Move: CVS Names Shari Slate as SVP, Chief Diversity, Equity and Inclusion Officer, People on the Move: Tarbinlam Lafon, VP, Chief Procurement Officer, Humana, People on the Move: Alice H. Chen, Centenes Chief Health Officer, Women Executives Advice on Changing Up Workplace Demographics. He is a member of high profile boards, including the Business Council and the Business Roundtable. [3] Duato was appointed CEO in August 2021 which became effective on January 3, 2022. They averaged a 15% annual return, in line with the S&P 500 Index. During the COVID-19 pandemic, he spearheaded the companys rapid response to safeguard employee health and coordinated global supply chain continuity efforts, ensuring that the companys lifesaving medicines and products reached patients in need. Johnson & Johnson went to another insider to lead the health-care giant through the pandemic, naming Joaquin Duato to replace longtime veteran Alex Gorsky. Any forward-looking statement made in this release speaks only as of the date of this release. This is the right time for the company as our organization is delivering strong performance across all three segments and is positioned for continued success, in addition to this being the right time for me personally as I focus more on my family due to family health reasons.. Implementing tools and strategies to raise patient awareness and understanding of clinical trials to successfully enroll high percentages of underserved populations, 2. Mr. Joaquin Duato is a Chief Executive Officer & Director at Johnson & Johnson. As part of this, were also partnering with leading organizations on vaccine education, including the National Hispanic Medical Associations #Vaccinate4All effort. His career in healthcare was influenced by his family. On this Wikipedia the language links are at the top of the page across from the article title. "Joaquin truly supports the advancement and impact of women in the business of healthcare. All contents Copyright Johnson & Johnson Services, Inc.1997-2023. Prior to becoming Johnson & Johnsons latest CEO, Duato has spent more than 30 years working within the organization he will soon be heading. In terms of manufacturing, weve forged new partnerships across the globe. 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. 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. 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. 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. The decision to step aside was one of the most difficult of my career, Gorsky said in the statement. 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. 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. Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. "Mr. Duato's international . [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. by Caroline Vakil - 08/19/21 7:18 PM ET. We know that Joaquin is single at this point. 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. J&Js drug business generated $45.6 billion in sales in 2020, accounting for more than half the companys revenue. 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. LL: What was the basis for J&J to pursue emergency use authorization? 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. LL: What do we know about vaccine hesitancy in the Latinx community? We are confident that Joaquin is uniquely qualified and the right person to lead Johnson & Johnson into the future, Mulcahy said in a statement. We have the utmost confidence that he will continue to be an excellent steward of the business and look forward to working closely with him in this next chapter., Mr. Duato said, Guided by our Credo, I will continue to work closely with the other Directors to build on Johnson & Johnsons success. Powered and implemented by Interactive Data Managed Solutions. About Joaquin Duato Mr. Duato's 30-plus year career at Johnson & Johnson has spanned multiple business sectors, geographies and functions. A dual citizen of both Spain and the U.S. and the current executive sponsor of Johnson & Johnsons African Ancestry Leadership Council, he assures that going forward, the company will remain committed to diverse thoughts and opinions under his leadership. 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. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Machine learning, when combined with genetics, is also accelerating the discovery and development of new medicines. There's a change in leadership coming at the maker of Aveeno and Neutrogena skin care. Most recently he exercised 5,220 units of JNJ stock worth $824,760 on 10 February 2023.. 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. 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. "I see a future in which all medical devices would be smarter, connected to the cloud, being able to provide data to the surgeons for them to be able to in real time deliver better surgical outcomes," he said. "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. Johnson & Johnson Names CEO Joaquin Duato as Chairman of the Board. As a global company, we were already working around the world, but the pandemic pushed us to leverage our deep scientific expertise and extensive partnerships to take on this challenge. But the new chief executive officerisnt interested in artifacts. Pharma relies on people who come from a scientific background, but historically within STEM [science, technology, engineering, and mathematics], youve seen more men, he says. JOIN US FOR HEALTHY RETURNS SUMMIT ON MARCH 29 2023. See also:Healthcare marketers still pushing to address the gender gap. To reflect that, HCB Health has become Boundless Life Sciences Group. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. All Rights Reserved. Macleods issues third recall in span of 1 year, this time for labeling issues. Difficult. 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.. 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. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. 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. In January 2022, Joaquin Duato became Johnson & Johnson's new Chief Executive Officer. The role of Telehealth and remote working was more present than ever, and COVID-19 put the spotlight on personal and preventative health. "We don't just talk about it," he says. Maya Tsukernik you are amazing, congratulations on a great job!!! Behind him are 19th century baby soaps, 100-year-old Band-Aids, and other timeworn products that made Johnson & Johnson into a household name. [4] After moving to the USA in 2002, Duato was appointed Executive Vice President, Worldwide Chairman, Pharmaceuticals in 2011. Why? Joaquin Duato: Diversity of thought and opinions in the pharmaceutical industry is critical just as it is in every business. 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. (Podcast). 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. Joaquin: religious views are listed as Christian, ethnicity is Caucasian and. Of Telehealth and remote working was more present than ever, and other timeworn products that made Johnson & and... Copyright Johnson & Johnson into a household name the pharmaceutical industry is just! ; mr. 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