To reflect that, HCB Health has become Boundless Life Sciences Group. J&J announced in November that it is planning to split into two publicly traded companies: one focusing on consumer health, and the other housing its prescription-drug and medical-device. Our 130,000 employees mobilized with urgency to address the critical needs of families and healthcare providers in their country. 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"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. During that time, the sector grew into what is today the fourth-largest innovative pharmaceutical company globally. And what we do best is to continue to develop medicines, medical devices, consumer products that improve consumer lives and also are able to address patients' needs.". 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. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. 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. If he doesn't abandontradition for innovation, we will be left behind, he says. 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. Your use of the information on this site is subject to the terms of our Legal Notice. New Brunswick, N.J., November 30, 2022 Johnson & Johnson (NYSE: JNJ) today announced that its Board of Directors has elected Chief Executive Officer, Mr. Joaquin Duato, to assume the additional position of Chairman, effective in January 2023. Dual Citizenship: Duato holds dual citizenship from Spain and the United States. He leads a global workforce of 135,000 employees in developing and delivering . 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. As the world continues to face significant health challenges, including the ongoing pandemic, I am inspired by Johnson & Johnsons opportunity to play a key role in meaningfully improving the global trajectory of human health, he said. Today, as the worlds largest diversified healthcare products company, we are committed to using our reach and size for good. "I'm very bullish about the potential of technology in accelerating discovery and developing new medicines.". Interview by Mariana G. Briones Lideres Mexicanos guest editor for Latino Leaders. 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. The rules of the past no longer apply after the seismic events of the past three years. 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. Powered and implemented by Interactive Data Managed Solutions. 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. . Johnson & Johnsons new CEO Duato said he is honored to be the next CEO of the company. We have lots of information about Joaquin: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is none. J&J ranks No. Inflation will remain a factor, as some pressures alleviate this year but others remain longer, Duato said. 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. In addition, she makes $7,097,300 as Executive Vice President - Worldwide Chairman and . The bio: Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. Priority No. 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. 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. 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. According to Johnson & Johnson, Gorsky has been the companys Chairman and Chief Executive Officer since 2012. Johnson & Johnson Names CEO Joaquin Duato as Chairman of the Board. Duato, 59, is a three-decade veteran of J&J, as is Gorsky. He also took a leading role in J&J's COVID-19 response and helped shape its pharmaceutical business strategy. by Caroline Vakil - 08/19/21 7:18 PM ET. Ms. Taubert owns over 76,923 units of Johnson & Johnson stock worth over $35,709,285 and over the last 4 years she sold JNJ stock worth over $0. It is influenced by factors such as confidence, convenience and complacency. Deloitte does not. That diversity gets us closer to our customer base, Duato points out. Meanwhile, Wall Street and Washington have long awaited Gorskys next move. This is closely followed by the CDC, family/friends and then by state and local health departments/officials. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Pronunciation of Joaquin: Learn how to pronounce the word Joaquin.Definition and meaning can be found here: https://www.google.com/search?q=define+JoaquinThe. 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 don't just talk about it," he says. [1] He is the chief executive officer (CEO) of Johnson & Johnson, an American multinational conglomerate. A dual citizen of Spain and the United States, Joaquins international perspective gives him a deep appreciation of diversity in all forms. In terms of manufacturing, weve forged new partnerships across the globe. 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. Alex began his Johnson & Johnson career as a sales representative with Janssen Pharmaceutica in 1988. Joaquin Duato is Chairman of the Board and Chief Executive Officer of Johnson & Johnson, the world's largest, most diversified healthcare products company. He was also appointed to the companys board of directors. We understand that we have a high bar and a high expectation from society overall.Yes, we have some challenges when you refer to the litigation. Not surprisingly, Duato stresses the Honorable Mentor honoree by the role that mentoring played in his rise up the Johnson & Johnson corporate hierarchy. LL: Why is it important to have collaboration among the global public health community in times of crises? Behind him are 19th century baby soaps, 100-year-old Band-Aids, and other timeworn products that made Johnson & Johnson into a household name. But the 61-year-old cited family health reasons as partially motivating his departure. Our Standards: The Thomson Reuters Trust Principles. 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. Dow Inc and private company X-energy said on Wednesday they have agreed to develop and demonstrate the first grid-scale next-generation nuclear reactor for an industrial site in North America. The decision to step aside was one of the most difficult of my career. Contact Us with any questions or search this site for more information. The NHMAs effort will help reach more Hispanic audiences with the facts and context they need to make informed decisions about getting vaccinated. Nonetheless, investor goodwill remains strong in the company. Were only able to tackle this problem at home if we address it worldwide. In his first interview as Johnson & Johnson CEO, Joaquin Duato says at CNBC's Healthy Returns that there will be more innovation in health care over the next ten years than in the past century. 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. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. 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. Contact Us with any questions or search this site for more information. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. [4] After moving to the USA in 2002, Duato was appointed Executive Vice President, Worldwide Chairman, Pharmaceuticals in 2011. 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