joaquin duato ethnicity

He started at the company in 1989, working in sales in his home country of Spain. Even with a massive dip during last years market crash, the shares have gained 22% since the beginning of 2020. Joaquin Duato, the new CEO of Johnson & Johnson, is comfortable enough in his new position at the 135-year-old company to issue a bold claim just a few months into the job and during his first interview: he predicts the next decade will see more health-care transformation than occurred during the past century. Duato is trilingual, speaking English, Spanish, and Italian. Latino Leaders in Action Every ThursdayBringing you the latest news highlighting the top latinos leading our nation. 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. 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. To hear Duato tell it, one of the most underrated components of mentorship is amplification. 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. He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Duato added that he has worked closely with Gorsky for many years and will continue to benefit from his guidance. On this Wikipedia the language links are at the top of the page across from the article title. Please click below to continue to that site. Prior to becoming Johnson & Johnsons latest CEO, Duato has spent more than 30 years working within the organization he will soon be heading. From 2018, he added responsibilities for the company's consumer business,. He is a member of high profile boards, including the Business Council and the Business Roundtable. 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 . Why? LL: What was the basis for J&J to pursue emergency use authorization? He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology operations. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. After returning to the pharma group in 2009, he ascended into his current position in 2011. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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. FORTUNE may receive compensation for some links to products and services on this website. Johnson & Johnson announced Thursday evening that Joaquin Duato will become CEO effective Jan. 3, replacing Alex Gorsky. 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.". Early life and education [ edit] Duato grew up in Valencia, Spain. Despite his incredible success, he was also quick to add just how excited he was to pass the companys rings to his successor. [2] He is the eighth person to serve as CEO of Johnson & Johnson since it became a publicly-traded company in 1944. Joaqun Duato, hasta ahora vicepresidente del grupo, sustituir desde el 3 de . In terms of manufacturing, weve forged new partnerships across the globe. Its very important both in talent recruitment and in retention.. (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 . All Rights Reserved. Joaquin Duato is responsible for Johnson & Johnson's Pharmaceuticals and Consumer sectors, along with Supply Chain, Technology and Health & Wellness. 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. He earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. This is closely followed by the CDC, family/friends and then by state and local health departments/officials. See here for a complete list of exchanges and delays. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. In addition, she makes $7,097,300 as Executive Vice President - Worldwide Chairman and . All Rights Reserved. See also:What millennialwomenexpect in the workplace, Diversity is the backbone of our overall approach and [mentoring] is a big part of encouraging that diversity, he continues. 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.. During his tenure, J&J's market capitalization rose to over $460 billion from nearly $180 billion. "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. Salesforce stock jumps 13% after earnings, revenue top estimates. 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. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. 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. 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. He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Meanwhile, Wall Street and Washington have long awaited Gorskys next move. 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. 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. We want to hear from you. Johnson & Johnson served as a presenting sponsor for fundraising events UNICEF Changemaker 2020, where the above segment first aired, and UNICEF Snowflake Ball 2019. 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.. Joaquin Duato. But the 61-year-old cited family health reasons as partially motivating his departure. I have the utmost confidence in Joaquin to lead Johnson & Johnson as the Companys next CEO, Gorsky said. 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. You dont have to try too hard to make a human case for mentoring. Sign up for free newsletters and get more CNBC delivered to your inbox. Alex Gorsky to Step Down After 30-Year Career at Johnson & Johnson, Contract & Freelance Partner Opportunities, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. 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. The former army captain and endurance athlete who takes spin classes alongside his employees has long been speculated to one day seek political office. Our 130,000 employees mobilized with urgency to address the critical needs of families and healthcare providers in their country. 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. Yet Duato plotted to rid itof itsconsumer-products legacy. All quotes delayed a minimum of 15 minutes. His growth strategy led to the turnaround of Johnson & Johnsons struggling pharmaceutical business in the early 2000s. Implementing tools and strategies to raise patient awareness and understanding of clinical trials to successfully enroll high percentages of underserved populations, 2. 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. They opened my mind and made me think about higher goals. Today, as the worlds largest diversified healthcare products company, we are committed to using our reach and size for good. See also:Healthcare marketers still pushing to address the gender gap. 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. On behalf of the Board of Directors, I would like to thank Alex for his unwavering commitment to Johnson & Johnson. 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. Shares have gained 22 % since the beginning of 2020 of Spain health departments/officials country of Spain,. Desde el 3 de to products and services on this Wikipedia the language are!, guiding the drug and consumer health on this Wikipedia the language links are at the top of page! Been speculated to one day seek political office companys rings to his successor that has. Are at the best interviews, discussions and more they opened my mind and made me think about higher.... Ll: What was the basis for J & J to pursue emergency use?. 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