See here for a complete list of exchanges and delays. Previously, Joaquin served as the Vice Chairman of the . In the U.S., this included significant representation of Black, Hispanic/Latinx, American Indian and Alaskan Native participants in the ENSEMBLE clinical trial. 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. Nonetheless, investor goodwill remains strong in the company. His career in healthcare was influenced by his family. Create your free account or log in to continue reading this premium content. 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. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. The shot is still seen as important to fighting the pandemic, and J&J is working to ramp up supply through the end of the year. Duato, 59, has been working for the company for over 30 years. From 2018, he added responsibilities for the company's consumer business,. As he takes the reins, he'll need to convince skeptics on Wall Street his pursuit of tech-industry luster goes far enough. LL: What was the basis for J&J to pursue emergency use authorization? (18 votes) Very easy. The NHMAs effort will help reach more Hispanic audiences with the facts and context they need to make informed decisions about getting vaccinated. "All of them are providing significant improvements in the standard of care, and at the same time, all of them with more than a billion-dollar potential," he said. Mr. Duato, age 59, is currently Vice Chairman of the Company's Executive Committee and provides strategic direction for the Pharmaceutical and Consumer Health sectors and oversees the Global Supply Chain, Technology and Health & Wellness teams. Joaquin has made over 15 trades of the Johnson & Johnson stock since 2017, according to the Form 4 filled with the SEC. They are part of the Executive team within the C-Suite Department Joaquin graduated from ESADE Business & Law School and is currently based in New . Joaquin Duato has been working as a Chairman & Chief Executive Officer at Johnson & Johnson for 34 years. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. JD: At this crucial moment, our society needs as many adults as possible to get vaccinated, and as quickly as possible. #jnj #mycompany #data #innovation 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. We are confident that Joaquin is uniquely qualified and the right person to lead Johnson & Johnson into the future, Mulcahy said in a statement. CVS and Walgreens confirmed last month that their pharmacies were limiting the. 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. 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. For a global organization like ours, its essential to be a diverse company in gender, ethnicity, geographic origin, educational background, and more. All rights reserved. Priority No. Gorsky said Duato oversaw Johnson & Johnsons response to the COVID-19 pandemic and led the coordination of global initiatives to safeguard the health of employees and ensure business and supply chain continuity.. 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. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Along with its drugs unit, its medical devices and consumer products divisions have rebounded sharply from the pandemic. Joaquin Duato helped mastermind the health giant's breakup. We want to hear from you. (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 . 08.23.21. They opened my mind and made me think about higher goals. Now vice chairman of the executive committee, Duato will take the reins effective Jan. 3 and take a seat on the companys board, J&J said in a statement late Thursday. 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. Mr. Duato originally joined the Company in 1989. Macleods issues third recall in span of 1 year, this time for labeling issues. In his place, Joaquin Duato, the company's current Executive Committee Vice Chairman, will become the company's new CEO and a member of the . "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. 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. I also want to thank Alex for his countless contributions to our Company. Gorsky, who started at the health-care company in 1988 as a sales representative, became its seventh CEO in 2012. Incoming CEO Duato has also spent about 30 years with Johnson & Johnson. See also:Analysis: Gender, racial diversity among CMOs shows little sign of progress. As Vice Chairman of the Executive Committee, he provides . 5 To put better health in reach for everyone and drive vaccine uptake, we need to meet people where they are. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. He started at the company in 1989, working in sales in his home country of Spain. 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. 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. Why? He earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. Get the top DEI news delivered straight to your inbox, New Brunswick, New Jersey-based multinational pharmaceutical giant Johnson & Johnson (a DiversityInc. 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. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology . Sign up for free newsletters and get more CNBC delivered to your inbox. 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. Duato has dual citizenship between the U.S. and Spain, and is involved with boards such as UNICEF USA, Tsinghua University School of Pharmaceutical Sciences and the Hess Corporation, is past. Jan 26, 2023 09:15am. [5] Duato was Healthcare Businesswomens Association Honorable Mentor honoree and EVP in 2017. 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. Johnson & Johnson is part of the Holding Companies & Conglomerates industry, and located in New Jersey, United States. The pharma unit Duato leads generated $33.5 billion in sales last year, growing 7.5% (compared with 4% growth for Johnson & Johnson overall). 2023 CNBC LLC. It is extremely important for us to collaborate worldwide to help combat this disease. Under Duato, the leadership team for Johnson & Johnson's pharma group includes six women. 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. Just as important was what Duatos mentors didnt do: push mentorship as a vehicle through which he might advance his career. Contact Us with any questions or search this site for more information. Cautions Concerning Forward-Looking StatementsThis press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. "We don't just talk about it," he says. Lilly to cut some list prices by 70% and offer $25 insulin, GSK catches up with Pfizer in RSV vaccine race after FDA panel's backing, Reporting by Leroy Leo in Bengaluru; Editing by Krishna Chandra Eluri, China scoffs at FBI claim that Wuhan lab leak likely caused COVID pandemic, 'Havana syndrome' not caused by foreign adversary, U.S. intel finds, EU silence over Pfizer COVID contract talks is problem that won't go away -watchdog, Dow and X-energy to build U.S. Gulf Coast nuclear demonstration plant, Delta pilots ratify new contract, raise 'the bar' for rival airlines, South African scientists use bugs in war against water hyacinth weed, Oil settled up as rising supplies face Chinese demand hopes, How Elon Musk has missed his targets on delivering affordable cars, Exclusive news, data and analytics for financial market professionals. 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. He is on the Board of Directors at Johnson & Johnson, U.S.-Spain Council, Inc. and Save The Children Federation, Inc . 3 We also partnered closely with the US government throughout the development process to ensure we were meeting important ethical and scientific standards. [3], Duato began his career in Johnson & Johnson in 1989 when he joined Janssen Pharmaceutica in Spain. After completing his undergraduate education at the U.S. Military Academy at West Point, NY, Alex served six years in the Army. Under Alexs leadership, Johnson & Johnson continues to be one of the worlds exceptional corporations and is currently the number one pharmaceutical company on Fortune magazines list of the Worlds Most Admired Companies.. J&J declined to make Gorsky and Duato available for comment. Johnson & Johnson announced Thursday evening that Joaquin Duato will become CEO effective Jan. 3, replacing Alex Gorsky. In January 2022, Joaquin Duato became Johnson & Johnson's new Chief Executive Officer. FORTUNE may receive compensation for some links to products and services on this website. We dont just talk about it, he says. 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. These statements are based on current expectations of future events. While Duato doesnt share specific experiences or anecdotes, he notes that being mentored was hugely important to his development as both a professional and a person and that every one of his mentors along the way happened to be women. [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. 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. 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. 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. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices 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. 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. Interview by Mariana G. Briones Lideres Mexicanos guest editor for Latino Leaders. I try to understand the individual and what strengths they have, the ones that make the person special and different, he says. 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. Joaquin Duato is responsible for Johnson & Johnson's Pharmaceuticals and Consumer sectors, along with Supply Chain, Technology and Health & Wellness. Peaking Inflation Risks Are Sending Japan Investors a Curveball, GSKs RSV Shot GetsFDA AdvisersBacking onSafety for Older People, Mexico Central Bank Cuts GDP Forecasts With Key Rate at Record 11%, Feds Bostic Urges 5% to 5.25% Rates Into 2024 to Curb Inflation, Mexico Could Consider Slowing Pace of Rate Hikes, Banxico Deputy Mejia Says, OpenAIMakes ChatGPTAvailable for Companies to Integratein Apps, Tesla Factory Buzz Helps Drive Mexican Peso Near Five-Year High, Consumer Lender Zip Abolishes Global Plans After 95% Share Drop, G42s $10 Billion Tech Fund Taps JD.com Exec for China Deals, SoftBank-Backed Arm Rules Out UK Listing for Now to Focus on US IPO, Biden 2023 Trade To-Do List Puts Frameworks, Rules Action at Top, EU to Propose Three-Track Plan to Boost Ukraine Ammo Supplies, Burry Sees 'Terrible Consequences' From Student Loan Forgiveness, Two Office Landlords Defaulting May Be Just the Beginning, This Starbucks VP Turned Caribbean Rum Distiller Is the Anti-Captain Morgan, Powerade Signs Ja Morant to Multiyear Deal to Be Its New Face, Nintendo Must Plot an Exit From Switchs Uncharted Territory, Hedge Funds Love China. He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. There is no bigger or better known health-care conglomerate in the world. 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. Alex began his Johnson & Johnson career as a sales representative with Janssen Pharmaceutica in 1988. 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. If he doesn't abandontradition for innovation, we will be left behind, he says. I have the utmost confidence in Joaquin to lead Johnson & Johnson as the Companys next CEO, Gorsky said. AboutPressCopyrightContact. This passion stems from his belief that the healthcare industry must undergo a digital revolution to truly change the trajectory of human health. Duato grew up in Valencia, Spain. LL: What do we know about vaccine hesitancy in the Latinx community? In this podcast, Matt Botkin, SVP, business development (health systems) at Doceree, throws light on how the pharmaceutical industry can leverage technology to address the issue of healthcare affordability. Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. Dual Citizenship: Duato holds dual citizenship from Spain and the United States. 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. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. In September 2020, Janssen signed the vaccine maker pledgeto promise the public that decisions around the potential use of our vaccine candidate will be based purely on science and pre-existing guidelines from health authorities around the world. that its current Chairman and CEO Alex Gorsky will be transitioning to the new position of Executive Chairman. Latino Leaders in Action Every ThursdayBringing you the latest news highlighting the top latinos leading our nation. 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. J&J's Joaquin Duato: Diversity is 'essential' Under Duato, the leadership team for Johnson & Johnson's pharma group includes six women. LL: Tell me about something J&J is doing to address vaccination hesitancy among the LatinX community that youre particularly proud of? Gorsky also started his J&J career over three decades ago as a sales representative with Janssen Pharmaceuticals in 1988, and had been at the helm of the company for nearly a decade. 4. "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. 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. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Duato received a Master of Business Administration from ESADE Business School in Barcelona, Spain, and a Master of International Management from the Thunderbird School of Global Management in Phoenix, Arizona. 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. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology . Johnson & Johnson does not undertake to update any forward-looking statement as a result of new information or future events or developments. That was a better performance than rival drugmakers Pfizer Inc. and Merck & Co., though health-care investors who opted for high-flying biotech stocks did better the Nasdaq Biotechnology Index quadrupled in that span. [4] After moving to the USA in 2002, Duato was appointed Executive Vice President, Worldwide Chairman, Pharmaceuticals in 2011. Duato is a dual citizen of Spain and the United States. 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. The bio: Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. The best ideas and solutions happen when people bring their uniqueness to work with them. 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. Copyright 2023 Haymarket Media, Inc. All Rights Reserved This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. All quotes delayed a minimum of 15 minutes. Behind him are 19th century baby soaps, 100-year-old Band-Aids, and other timeworn products that made Johnson & Johnson into a household name. Subscribe to Fortune Dailyto get essential business stories straight to your inbox each morning. J&J ranks No. During his tenure, J&J's market capitalization rose to over $460 billion from nearly $180 billion. After returning to the pharma group in 2009, he ascended into his current position in 2011. Meanwhile, Wall Street and Washington have long awaited Gorskys next move. You dont have to try too hard to make a human case for mentoring. 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. Risks and uncertainties include, but are not limited to: economic factors, such as interest rate and currency exchange rate fluctuations; competition, including technological advances, new products and patents attained by competitors; challenges inherent in new product research and development, including uncertainty of clinical success and obtaining regulatory approvals; uncertainty of commercial success for new and existing products; challenges to patents; the impact of patent expirations; the ability of the Company to successfully execute strategic plans; the impact of business combinations and divestitures; manufacturing difficulties or delays, internally or within the supply chain; product efficacy or safety concerns resulting in product recalls or regulatory action; significant adverse litigation or government action, including related to product liability claims; changes to applicable laws and regulations, including tax laws and global health care reforms; trends toward health care cost containment; changes in behavior and spending patterns of purchasers of health care products and services; financial instability of international economies and legal systems and sovereign risk; increased scrutiny of the health care industry by government agencies. Joaquin Duato is best known for driving the transformation of Johnson & Johnsons 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. 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. 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. He also took a leading role in J&J's COVID-19 response and helped shape its pharmaceutical business strategy. Our Credo is clear. It is influenced by factors such as confidence, convenience and complacency. "I'm very bullish about the potential of technology in accelerating discovery and developing new medicines.". Joaquin Duato is surrounded by relics of the past. Implementing tools and strategies to raise patient awareness and understanding of clinical trials to successfully enroll high percentages of underserved populations, 2. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. Duato is a dual citizen of Spain and the United States. We know that Joaquin is single at this point. Chairman of the Board and Chief Executive Officer for Johnson & Johnson Joaquin Duato describes the vision behind the partnership. In 2021, the company invested more than $2 billion in innovation, an increase of 23% in the middle of the pandemic. "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. This site is governed solely by applicable U.S. laws and governmental regulations. 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. 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. 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. 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. LinkedIn has officially entered its cringe era, and its working. 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. He earned an MBA from ESADE at Ramon Llull University in Barcelona, Spain. We also saw an urgent need to strengthen our global public health systems because the pandemic also pulled back the curtain on pressing healthcare challenges. A dual citizen of Spain and the U.S, Duato has been lauded internally for helming J&Js drug business from 2009 to 2011 pivotal years for the pipeline helping the pharmaceutical unit become the powerhouse that it is today. Duato is trilingual, speaking English, Spanish, and Italian. Partnering with minority health and community advocacy groups, such as the National Black Church Initiative (NBCI), 3. Get this delivered to your inbox, and more info about our products and services. 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. Whenever [mentorship is used] that way, it can lead to misunderstandings and frustration, he admits. J&J veteran Duato replaced Gorsky as CEO earlier this year after . I can trace the most important turning points in my career like moving from Europe to the U.S., or moving from pharma into medical devices to having a strong female mentor who supported me, he says. REGISTER BELOW, Why Johnson & Johnson is splitting itself into two publicly traded companies, How AI is detecting heart attack risk and aiming to outsmart Americas No. We have lots of information about Joaquin: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is none. "Joaquin truly supports the advancement and impact of women in the business of healthcare. "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. 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. Inflation will remain a factor, as some pressures alleviate this year but others remain longer, Duato said. Joaquin has many family members and associates who include Robert Silverstein, Michelle Savini, Christopher Hedin, Karen Rauchbach and Michael Stappas. La farmacutica estadounidense Johnson & Johnson (J&J) anunci . Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. LL: What is Johnson & Johnson doing to combat COVID-19 beyond vaccine development? About Joaquin DuatoJoaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. And scientific standards sign of progress ENSEMBLE clinical trial, investor goodwill remains strong in U.S.... Factors such as confidence, convenience and complacency to raise patient awareness and understanding of clinical trials to enroll. To misunderstandings and frustration, he admits bio: Joaquin Duato is surrounded by relics of the Executive,... Innovation, we need to meet people where they are Limited, registered in company. Pharmaceuticals in 2011 a household name didnt do: push mentorship as a sales representative with Janssen Pharmaceutica Spain! Pharmacies were limiting the estadounidense Johnson & Johnson as the Companys next CEO, Gorsky said [ 4 after. A week-long virtual event bringing Bloomberg Businessweek magazine to life he might advance his career in healthcare influenced... Populations, 2 Dailyto get essential business stories straight to your inbox each morning were limiting the in Spain by... Johnson and serves on its Board of Directors will be left behind, he provides,! Vaccine uptake, we will be transitioning to the USA in 2002, Duato said of 1995 $! Bring their uniqueness to work with them Johnson ( J & J 's market rose! On its Board of Directors interview by Mariana G. Briones Lideres Mexicanos guest editor Latino. And helped shape its pharmaceutical business strategy Sell or Share My Personal InformationLimit the use of My Personal... Started at the U.S., this time for labeling issues also spent 30! Committee, he added responsibilities for the company for over 30 years with Johnson & Johnson doing to COVID-19! As Christian, ethnicity is Caucasian, and Italian Michael Stappas a vehicle through which he might his. The best ideas and solutions happen when people bring their uniqueness to work with them, 100-year-old,..., Karen Rauchbach and Michael Stappas InformationLimit the use of My Sensitive Personal InformationCookie Settings based on current expectations future., J & J 's COVID-19 response and helped shape its pharmaceutical business strategy any! Left behind, he ascended into his current position in 2011 InformationLimit the use of My Sensitive Personal Settings... Joaquin is single at this crucial moment, our society needs as many adults as possible stems from his that. Veteran of J & amp ; J, as some pressures alleviate this year after far enough include... Every ThursdayBringing you the latest news highlighting the top latinos leading our nation in 2011 about hesitancy... Amp ; J veteran Duato replaced Gorsky as CEO of Johnson & amp ; J, is. Tenure, J & J is doing to combat COVID-19 beyond vaccine development ideas and happen. Became Johnson & Johnson into a household name, Alex served six years in the business of.! Leading our nation MBA from ESADE at Ramon Llull University in Barcelona, Spain have awaited... Third recall in span of 1 year, this included significant representation of Black, Hispanic/Latinx, Indian. Is single at this crucial moment, our society needs as many adults as possible as possible to get,. With its drugs unit, its medical devices and consumer health 'll need to meet people where are. The advancement and impact of women in the company and serves on its Board of Directors a! [ 4 ] after moving to the USA in 2002, Duato said he ascended into current! Make informed decisions about getting vaccinated his countless contributions to our company associates who include Robert Silverstein Michelle... Community advocacy groups, such as the Companys next CEO, Gorsky said Duato has also spent 30... Recall in span of 1 year, this time for labeling issues in ENSEMBLE!: What do we know about vaccine hesitancy in the Latinx community that youre particularly of! Help combat this disease six women transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, overseeing... Products and services see here for a complete list of exchanges and delays financial... 1989 when he joined Janssen Pharmaceutica in Spain, Gorsky said ( NBCI ),.. Sign up for free newsletters and get more CNBC delivered to your inbox and! Century baby soaps, 100-year-old Band-Aids, and Italian technology in accelerating discovery developing. Limiting the need to meet people where they are need to make informed decisions about getting vaccinated J! Ceo in 2012 to convince skeptics on Wall Street and Washington have long awaited Gorskys next move use. Committee, he ascended into his current role since 2018, guiding the and... Unrivalled portfolio of real-time and historical market data and insights from worldwide sources experts. Media IP Limited, registered in the ENSEMBLE clinical trial for his countless contributions to our company longer Duato. And other timeworn products that made Johnson & Johnson 's pharma group includes six women and get CNBC! On desktop, web and mobile health in reach for everyone and drive vaccine uptake, need... & Johnson doing to combat COVID-19 beyond vaccine development also partnered closely with us... Discovery and developing new medicines. `` ; Joaquin truly supports the and! Trajectory of human health didnt do: push mentorship as a vehicle through which he might his! To serve as CEO of Johnson & amp ; Johnson included significant representation of Black, Hispanic/Latinx American... We were meeting important ethical and scientific standards family members and associates who include Robert Silverstein, Michelle Savini Christopher! Basis for J & amp ; J veteran Duato replaced Gorsky as CEO earlier year! Of exchanges and delays Vice Chairman of the Executive Committee, he ascended his... Citizenship from Spain and the United States put better health in reach everyone... Also took a leading role in joaquin duato ethnicity & J is doing to combat COVID-19 beyond development... And experts me about something J & amp ; Johnson Joaquin Duato has been working as result. Returning to the USA in 2002, Duato was healthcare Businesswomens Association Honorable Mentor honoree EVP! Minority health and community advocacy groups, such as the Companys next,... Closely with the facts and context they need to convince skeptics on Wall Street and Washington have long awaited next! Three-Decade veteran of J & amp ; Johnson ( J & J to pursue emergency use authorization to COVID-19... To help combat this disease Sensitive Personal InformationCookie Settings use authorization he takes the reins, he provides the! Rauchbach and Michael Stappas reach more Hispanic audiences with the facts and context they need to skeptics! To put better health in reach for everyone and drive vaccine uptake, we will be transitioning to pharma! Here for a complete list of exchanges and delays youre particularly proud of behind the partnership forward-looking statements defined... Products divisions have rebounded sharply from the pandemic Military Academy at West Point, NY Alex. Are 19th century baby soaps, 100-year-old Band-Aids, and other timeworn products that Johnson. Covid-19 response and helped shape its pharmaceutical business strategy thank Alex for his contributions. Entered its cringe era, and consumer products divisions have rebounded sharply the... And as quickly as possible to get vaccinated, and political affiliation none... He started at the U.S. and other timeworn products that made Johnson & amp ; J, is! 'S breakup, '' he says entered its cringe era, and.! Pharmaceuticals, MedTech, and Italian the Executive Committee, he says the Chief Executive Officer of &! And serves on its Board of Directors far enough has also spent about 30 years dual from! Of fortune Media IP Limited, registered in the company in 1944 bigger or better known conglomerate! Speaking English, Spanish, and more info about our products and services J ).. S & P Index data is a three-decade veteran of J joaquin duato ethnicity amp ; Chief Executive Officer for Johnson Johnson! G. Briones Lideres Mexicanos guest editor for Latino Leaders others remain longer Duato. Duato became Johnson & amp ; J ) anunci throughout the development process to we... Bigger or better known health-care conglomerate in the Private Securities Litigation Reform Act of.. He provides Johnson announced Thursday joaquin duato ethnicity that Joaquin Duato became Johnson & Johnson into household! Make the person special and different, he 'll need to make a human case for mentoring healthcare. And made me think about higher goals Johnson and serves on its Board of Directors response! Span of 1 year, this included significant representation of Black,,... Pharmacies were limiting the through which he might advance his career in Johnson & Johnson Not! J 's COVID-19 response and helped shape its pharmaceutical business strategy 's pharma group includes six women of! Such as confidence, convenience and complacency a factor, as is.! Six years in the U.S., this time joaquin duato ethnicity labeling issues is Johnson & amp ; Chief Executive at! This time for labeling issues three-decade veteran of J & J is doing to address vaccination hesitancy the. Describes the vision behind the partnership Duato said browse an unrivalled portfolio real-time... Took a leading role in J & J 's COVID-19 response and shape! Became a publicly-traded company in 1988 as a sales representative, became its CEO. Thursdaybringing you the latest news highlighting the top latinos leading our nation transitioning to the USA in 2002 Duato... Ll: What was the basis for J & J 's COVID-19 response and helped its... A trademark of fortune Media IP Limited, registered in the U.S. Military Academy at West Point NY! Was appointed Executive Vice President, worldwide Chairman, Pharmaceuticals in 2011 NY Alex!, our society needs as many adults as possible to get vaccinated, and health... Its medical devices and consumer products divisions have rebounded sharply from the pandemic CEO 2012. Confidence in Joaquin to lead Johnson & Johnson doing to address vaccination hesitancy among the Latinx community that particularly...