Alex Gorsky to step down as JNJ CEO Jan 3, 2022; Joaquin Duato named successor

JOHNSON & JOHNSON

Alex Gorsky will transition from CEO to Executive Chairman effective Jan 3, 2022, citing family health reasons.
Joaquin Duato, currently Vice Chairman of Executive Committee, becomes CEO and joins Board on Jan 3, 2022.
Under Gorsky, R&D investment rose 60% to $12B, adjusted EPS increased ~85%, and market cap grew from ~$180B to ~$470B.
Duato has been with JNJ since 1989, led Pharma transformation, and oversaw COVID-19 response and supply chain continuity.
Board cites long-term succession planning; Duato is 'uniquely qualified' to lead.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Joaquin Duato

Chief Executive Officer

JNJ · JOHNSON & JOHNSON

Effective: 2022-01-03
Filed: August 20, 2021, 7:59 PM ET

Joaquin Duato will become CEO of the Company, effective January 3, 2022;

Appointed

Joaquin Duato

Director

JNJ · JOHNSON & JOHNSON

Effective: 2022-01-03
Filed: August 20, 2021, 7:59 PM ET

Mr. Duato will be appointed a Director of the Board, effective January 3, 2022;

Role change

Alex Gorsky

Executive Chairman

JNJ · JOHNSON & JOHNSON

Effective: 2022-01-03
Successor: Joaquin Duato
Filed: August 20, 2021, 7:59 PM ET

Alex Gorsky, currently Chairman and Chief Executive Officer (“CEO”) of the Company, will relinquish the CEO position, effective January 3, 2022, and will continue his service on the Board as Executive Chairman.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joaquin Duato was appointed as Chief Executive Officer at JOHNSON & JOHNSON.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Joaquin Duato will become CEO of the Company, effective January 3, 2022;

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joaquin Duato was appointed as Director at JOHNSON & JOHNSON.

Action: appointed
Role: Director

Exact text from the filing

Mr. Duato will be appointed a Director of the Board, effective January 3, 2022;

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Alex Gorsky changed role as Executive Chairman at JOHNSON & JOHNSON.

Action: relinquished
Role: Executive Chairman

Exact text from the filing

Alex Gorsky, currently Chairman and Chief Executive Officer (“CEO”) of the Company, will relinquish the CEO position, effective January 3, 2022, and will continue his service on the Board as Executive Chairman.

View on SEC.gov

JOHNSON & JOHNSON filing history →

Source: SEC EDGAR

accession 0000200406-21-000061

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