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User:Chefmikesf/sandbox/Alex Gorsky

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Chefmikesf/sandbox/Alex Gorsky
Born (1960-05-24) May 24, 1960 (age 64)
EducationUnited States Military Academy (BS)
University of Pennsylvania (MBA)
OccupationBusinessman
Years active1988-Present
TitleExecutive Chairman of Johnson & Johnson
SpousePatricia Gorsky
ChildrenNicholas Gorsky

Alex Gorsky is an American businessman and is the Executive Chairman of Johnson & Johnson. He is the seventh person who served as chair and CEO of Johnson & Johnson since it became a publicly traded company in 1944. Gorsky stepped down as CEO at Johnson & Johnson in January 2022 and was succeeded by Joaquin Duato.

Early life

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Gorsky’s grandparents immigrated to the United States from Russia and Croatia. Gorsky was born the third of six children in Kansas City, Kansas.[1] When he was 12, his family moved to Fremont, Michigan[2] where his father Albert, a Korean War veteran, took a job as a marketing executive for Gerber Foods.[3] In high school, Gorsky was captain of the varsity football team, assuming positions as quarterback and linebacker.[4] He was also captain of the swimming team.[5]

In 1977, as a member of Boy’s State, Gorsky was chosen to represent Michigan at the Boy’s Nation national conference.[6] In the same year, Congressman Guy Vander Jagt nominated Gorsky to attend the United States Military Academy at West Point. [ii] In 1981, Gorsky was one of the cadets chosen for the Army Ranger School where he earned the rank of Ranger Tab.[7] In May 1982, Gorsky graduated from West Point with a Bachelor of Science degree. He joined the Artillery Branch of the U.S Army. As lieutenant at the age of 22, he led a platoon of 22 men.[8] After six years as an officer, serving in Europe and Panama, he became Captain in 1987. In 1988, Gorsky married Patricia Dittrich, a nurse at a hospital in Carmel, CA. Gorsky left the Army in 1988.[9]

Gorsky earned his Master of Business Administration from The Wharton School at the University of Pennsylvania.[10]

Career

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Janssen

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Gorsky joined Johnson & Johnson in 1988 as a sales representative in its pharmaceutical business unit, Janssen Pharmaceuticals.[11] He held various management and leadership roles at Janssen before becoming Company Group Chairman overseeing Europe, Middle East, and Africa in 2003.[9]

Gorsky led the marketing of products such as Risperdal. Ultimately Johnson & Johnson was fined $2.2 billion for strategies that downplayed the drug's side effects, encouraged off-label use, and provided kickback payments to Omnicare, a company that provided drug services to nursing homes.[12]

Novartis

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Gorsky joined the Novartis Pharmaceuticals Corporation in 2004 as COO and Head of General Medicines. In 2005, he was appointed Head of Pharmaceuticals North America and Chief Executive Officer.[13] During his tenure, he created the CEO Diversity & Inclusion Award. He oversaw the growth of its cardiovascular and other franchises.[14]

Johnson & Johnson

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He returned to Johnson & Johnson in 2008 when he was appointed Company Group Chairman for Ethicon, Inc. In September 2009, he was promoted to Worldwide Chairman, Medical Devices & Diagnostics. Then-CEO William C. Weldon chose Gorsky to be Vice Chairman in the Office of the Chairman.[15] On April 26, 2012, Gorsky was appointed Chief Executive Officer. On December 28, 2012, Gorsky was appointed Chairman of the Board. A longtime advocate of diversity and inclusion, Gorsky was named one of the "100 Most Inspiring Leaders" by Pharma Voice.[16][17]

Gorsky oversaw the company's legal defense against talc class action suits and opioid lawsuits. In January 2020, Gorsky testified at the New Jersey trial about Johnson & Johnson’s baby powder product.[18]

Under Gorsky’s leadership, the company stock more than tripled, and averaged more than a 15% annual return, surpassing the S&P 500. Johnson & Johnson’s market capitalization went from nearly $180 billion to more than $470 billion.[19]

“As the world's largest health care company, we are bringing to bear our best scientific minds, and rigorous standards of safety, in collaboration with regulators, to accelerate the fight against this pandemic,” Gorsky said in NJ Biz magazine in 2020. Gorsky attributed the strong multilayered immune response from J&J's vaccine to its innovative adenovirus-vector platform, AdVac, which it has developed over a decade.[20]

Gorsky was the executive sponsor of the J&J Women’s Leadership Initiative and the Veteran’s Leadership Council.[21] In 2021, he ranked second, with a salary of $23.14 million, on the list of highest-paid CEOs in healthcare according to Becker's Hospital Review.[22]

Gorsky was the speaker at The Wharton School at the University of Pennsylvania 2022 MBA Graduation Ceremony.[23]

Other Roles

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Gorsky is a member of The Business Council’s Executive Committee[24] and served as the Chair of the Business Roundtable Corporate Governance Committee.[25] Since 2014, Gorsky has been on the Board of Directors at IBM[26][27]. Gorksy is a board member at Apple, Inc.[28] Gorksy is a board member at JPMorgan Chase.[29] Gorsky is a Board member of the National Academy Foundation.[30] Gorsky is on the advisory board at Thayer Leader Development Group at West Point.[31] Gorsky is Co-Chair of the Strategic Investor Initiative (SII) advisory board at Chief Executives for Corporate Purpose (CECP). Gorsky is a member of the Bipartisan Policy Center’s CEO Council on Health and Innovation.[32] Gorsky is a member of The Wharton Leadership Advisory Board.[33] Gorsky is Vice Chairman of the Travis Manion Foundation.[34] Gorsky was on the American Manufacturing Council.[35][36] Gorsky was a member of the American Heart Association CEO Roundtable.[37]

Philanthropy and Awards

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References

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  1. ^ Rice, Daniel E. (2013). West Point Leadership: Profiles of Courage, Leadership Development Foundation (1st ed.). p. 378. ISBN 978-0-9891473-0-9.
  2. ^ Norton, Leslie P. "Embracing the J&J Credo". online.barrons.com. Retrieved 2022-09-28.
  3. ^ Norton, Leslie P. "Embracing the J&J Credo". online.barrons.com. Retrieved 2022-09-28.
  4. ^ Norton, Leslie P. "Embracing the J&J Credo". online.barrons.com. Retrieved 2022-09-28.
  5. ^ Norton, Leslie P. "Embracing the J&J Credo". online.barrons.com. Retrieved 2022-09-28.
  6. ^ "Past Boys Nation Delegates – American Legion Michigan Boys State". Retrieved 2022-09-28.
  7. ^ Young, Valerie. "Rising through the ranks: Johnson & Johnson CEO Alex Gorsky". TheStreet. Retrieved 2022-09-28.
  8. ^ "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 2022-09-28. {{cite web}}: Cite uses generic title (help)
  9. ^ a b Rice, Daniel E. (2013). West Point Leadership: Profiles of Courage, Leadership Development Foundation (1st ed.). p. 378. ISBN 978-0-9891473-0-9.
  10. ^ Norton, Leslie P. "Embracing the J&J Credo". online.barrons.com. Retrieved 2022-09-28.
  11. ^ Norton, Leslie P. "Embracing the J&J Credo". online.barrons.com. Retrieved 2022-09-28.
  12. ^ Singer, Natasha (2010-01-15). "Johnson & Johnson Accused of Drug Kickbacks". The New York Times. ISSN 0362-4331. Retrieved 2022-10-04.
  13. ^ "Novartis's Alex Gorsky: Ensuring that Patients Get Access to the Medicines They Need". Knowledge at Wharton. Retrieved 2022-10-04.
  14. ^ Media, Haymarket (2008-02-14). "Novartis' North American pharma head resigns". MM+M - Medical Marketing and Media. Retrieved 2022-10-04.
  15. ^ Kuehner-Hebert, Katie (2017-10-30). "J&J Continues To Innovate Under Chairman/CEO Alex Gorsky". ChiefExecutive.net. Retrieved 2022-09-28.
  16. ^ "Johnson & Johnson tops the diversity board". healthcare-digital.com. 2020-05-17. Retrieved 2022-10-04.
  17. ^ Kuehner-Hebert, Katie (2017-10-30). "J&J Continues To Innovate Under Chairman/CEO Alex Gorsky". ChiefExecutive.net. Retrieved 2022-10-04.
  18. ^ "J&J chief testifies he did not read all documents related to asbestos in talc". Reuters. 2020-01-27. Retrieved 2022-10-04.
  19. ^ "Johnson & Johnson taps Duato as new CEO, replacing Gorsky". Fortune. Retrieved 2022-10-04.
  20. ^ Finley, Allysia (2021-03-19). "Opinion | Capitalism Is What Will Defeat Covid". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-10-04.
  21. ^ "Alex Gorsky | Travis Manion Foundation". www.travismanion.org. Retrieved 2022-10-04.
  22. ^ "18 highest-paid CEOs in healthcare". www.beckershospitalreview.com. Retrieved 2022-10-04.
  23. ^ "Homepage". Graduation Ceremonies. Retrieved 2022-10-04.
  24. ^ Admin. "Alex Gorsky - Member List". The Business Council. Retrieved 2022-09-28.
  25. ^ "Business Roundtable". www.businessroundtable.org. Retrieved 2022-09-28.
  26. ^ "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 2022-09-28. {{cite web}}: Cite uses generic title (help)
  27. ^ "Meet the board". www.ibm.com. Retrieved 2022-09-28.
  28. ^ "Alex Gorsky joins Apple's board of directors". Apple Newsroom. Retrieved 2022-09-28.
  29. ^ Reuters (2022-07-19). "JPMorgan adds former J&J chief Gorsky to board". Reuters. Retrieved 2022-10-04. {{cite news}}: |last= has generic name (help)
  30. ^ "NAF Board of Directors - Be Future Ready - Transforming High School Education". NAF. Retrieved 2022-10-04.
  31. ^ "Alex Gorsky - Thayer Leadership". www.thayerleadership.com. Retrieved 2022-10-04.
  32. ^ "The Council | CEO Council". healthinnovationcouncil.org. Retrieved 2022-09-28.
  33. ^ "The Council | CEO Council". healthinnovationcouncil.org. Retrieved 2022-09-28.
  34. ^ "Alex Gorsky | Travis Manion Foundation". www.travismanion.org. Retrieved 2022-10-04.
  35. ^ MonllosAugust 16, Kristina; 2017. "Trump Shuts Down Manufacturing Council After More CEOs Resign in Protest". Retrieved 2022-09-28. {{cite web}}: |last2= has numeric name (help)CS1 maint: numeric names: authors list (link)
  36. ^ Glazer, Vanessa Fuhrmans, Joann S. Lublin and Emily (2017-08-20). "Trump and the CEOs: Behind the Collapse of an Uneasy Alliance". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-09-28.{{cite news}}: CS1 maint: multiple names: authors list (link)
  37. ^ Macias, Luis (2019-03-06). "American Heart Association CEO Roundtable delivers roadmap to help employers confront America's mental health crisis". CEO Roundtable. Retrieved 2022-09-28.
  38. ^ Macias, Luis (2019-03-06). "American Heart Association CEO Roundtable delivers roadmap to help employers confront America's mental health crisis". CEO Roundtable. Retrieved 2022-09-28.
  39. ^ "Unprecedented $10M Gifted To Doylestown Health". Doylestown, PA Patch. 2017-12-04. Retrieved 2022-09-28.
  40. ^ "2009 Alex Gorsky | HBA". www.hbanet.org. Retrieved 2022-09-28.
  41. ^ "2014 Joseph Wharton Award for Leadership". The Wharton Club of New York Magazine. Retrieved 2022-09-28.
  42. ^ "Awards | CADCA". www.cadca.org. Retrieved 2022-10-04.
  43. ^ Smile, Operation. "Operation Smile to Honor Johnson & Johnson Chairman & CEO Alex Gorsky, Philanthropist Barbara Majeski and More at 13th Annual Smile Event". www.prnewswire.com. Retrieved 2022-09-28.
  44. ^ "L'Oréal's, Jean-Paul Agon receives 2022 Appeal of Conscience Award". Premium Beauty News. Retrieved 2022-10-04.
  45. ^ "The Citizen Newspaper Group". citizennewspapergroup.com. Retrieved 2022-10-04.
  46. ^ Nast, Condé (2017-12-14). "Colin Kaepernick Came Out to Honor Harry Belafonte at the Ripple of Hope Awards". Vanity Fair. Retrieved 2022-09-28.
  47. ^ "Office of Institutional Advancement". giving.jefferson.edu. Retrieved 2022-09-28.
  48. ^ Partner, Featured; Partner, Featured (2018-05-04). "Chairman and CEO of Johnson & Johnson Alex Gorsky Receives DiversityInc's Inaugural Global Inclusive Leaders Award". DiversityInc. Retrieved 2022-09-28.
  49. ^ "Trustees Approve Honorary Doctorate Recipients". www.ferris.edu. Retrieved 2022-09-28.
  50. ^ "West Point Association of Graduates". www.westpointaog.org. Retrieved 2022-09-28.
  51. ^ "Presenting the 2020 Manufacturing Power 50". NJBIZ. 2020-12-14. Retrieved 2022-10-04.
  52. ^ "VIRTUAL Yale CEO Summit: 2022's Promise for Business: Achieving Social Harmony with Health and Prosperity | Yale School of Management". som.yale.edu. Retrieved 2022-09-28.
  53. ^ "The Red Jacket awards". PharmaVoice. Retrieved 2022-09-28.
  54. ^ "Business Leaders Honor Anthony Fauci, Alex Gorsky and Gen. Gus Perna With 2021 Eisenhower Awards | Business Executives for National Security". 2021-04-26. Retrieved 2022-10-04.
  55. ^ "CEO Today Magazine Healthcare Awards 2022". CEO Today Magazine Healthcare Awards 2022. Retrieved 2022-09-28.
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Alex Gorsky Biography

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