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Alex Gorsky
Photo: World Economic Forum, CC BY 3.0, via Wikimedia Commons45

Alex Gorsky

American businessman (born 1960)

Alex Gorsky (born 1960) is an American businessman. He is the former chairman and CEO of Johnson & Johnson.2

From Wikipedia’s article on Alex Gorsky (this version), CC BY-SA 4.0.

Born Mar 20, 1960.1

About

Gorsky stepped down as CEO of Johnson & Johnson in January 2022 and was succeeded by Joaquin Duato. He was the seventh person who was the company's chairman and CEO since it became a publicly traded company in 1944. He is a board director of Apple and JP Morgan Chase.

From Wikipedia’s article on Alex Gorsky, shared under CC BY-SA 4.0.2

Companies

Holdings

Stock this person has reported owning, from the forms officers and directors file with the SEC. See the biggest insider stakes.

Shares held

As of each latest filing. The line shows shares held over time.

Recent filings

Trade performance

DateStockTradeValueReturn sinceVs S&P sinceVs S&P, 1 year
Nov 9, 2020IBMBuy$498.8K+112.0%−5.7%−22.4%

Returns are price-only (no dividends), measured from the trade date.

Early life and education

  • Date not recordedUnited States Military Academy3
  • Date not recordedThe Wharton School3

Gorsky's grandparents immigrated to the United States from Russia and Croatia. Gorsky was the third of six children of Albert and Loretta (née Bartolac) Gorsky in Kansas City, Kansas. When he was 12, his family moved to Fremont, Michigan, where his father, a Korean War veteran, took a job as a marketing executive for Gerber Foods. In high school, Gorsky was captain of the varsity football team, assuming positions as quarterback and linebacker. He was also captain of the swimming team.

In 1977, as a member of Boy's State, Gorsky was chosen to represent Michigan at the Boy's Nation national conference. In the same year, Congressman Guy Vander Jagt nominated Gorsky to attend the United States Military Academy at West Point. In 1981, Gorsky was one of the cadets chosen for the Ranger School where he earned a Ranger Tab. In May 1982, when 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 an artillery platoon. After six years as an officer, serving in Europe and Panama, he became captain in 1987. In 1988, Gorsky married Patricia Dittrich, a hospital nurse in Carmel, California. Gorsky left the Army in 1988.

Gorsky earned his Master of Business Administration from The Wharton School at the University of Pennsylvania in 1996.

From Wikipedia’s article on Alex Gorsky (this version), CC BY-SA 4.0.

Career

Occupation: business executive, entrepreneur, merchant.13

Janssen

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

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.

Novartis

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

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Johnson & Johnson

Gorsky 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. In April 2012, Gorsky was appointed chief executive officer. In December 2012, Gorsky was appointed chairman. A longtime advocate of diversity and inclusion, Gorsky was named one of the "100 Most Inspiring Leaders" by Pharma Voice.

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.

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.

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

Gorsky was the speaker at The Wharton School at the University of Pennsylvania 2022 MBA graduation ceremony.

From Wikipedia’s article on Alex Gorsky (this version), CC BY-SA 4.0.

Personal life

  • BornMar 20, 1960, Kansas City14
  • CitizenshipUnited States15

Philanthropy

Gorsky and his wife Pat donated to the Doylestown Health Foundation twice; $5 million in 2017 and $5 million in 2022.

Mentor of the Year by the Healthcare Businesswomen's Association in 2009

Joseph Wharton Leadership Award in 2014

CADCA Humanitarian of the Year Award in 2014

Corporate Humanitarian Award by Operation Smile in 2015

Appeal of Conscience Award by Appeal of Conscience Foundation in 2015.

ROBIE Award by the Jackie Robinson Foundation in 2017

Ripple of Hope Award by Robert F Kennedy Human Rights in 2017

Honorary Doctorate from Thomas Jefferson University in 2018

Diversity Inc. Global Inclusive Leaders Award in 2018

Honorary Doctorate from Ferris State University College of Health Profession and Michigan College of Optometry

West Point Distinguished Graduate Award in 2020

Gorsky was ranked #2 on the NJBIZ Manufacturing Power 50 list in 2020

Legend in Leadership Award by Yale School of Management in 2021

Red Jacket Award by PharmaVoice 2021

BENS Eisenhower Award 2021

From Wikipedia’s article on Alex Gorsky (this version), CC BY-SA 4.0.

Sources

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    Wikidata and SEC EDGARJPMorgan Chase, Board member
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    Wikidata and SEC EDGARApple Inc., Board member
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    Wikidata and SEC EDGARIBM, Board member
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    Wikidata and SEC EDGARJohnson & Johnson, Board member
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