joaquin duato ethnicity

J&J veteran Duato replaced Gorsky as CEO earlier this year after holding a variety of roles during his more than 30 years at the company. 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.. Risk Factors, in the Companys most recently filed Quarterly Report on Form 10-Q and the Companys subsequent filings with the Securities and Exchange Commission. JD: We are a proud supporter of the National Hispanic Medical Association (NHMA) Vaccinate 4 All program that will train and support a cadre of physician leaders around the country to speak with local, regional and national media. "For the consumer health company, it's going to be an opportunity to deepen the relationships with consumers to attract new investors, to inspire employees, and to be able to have a fit-for-purpose model with their own capital location priorities and then for the new Johnson & Johnson it is going to be an opportunity to be more focused, more competitive and to deliver increased growth," Duato said. Already a speaker of English, Spanish and Italian, he used that brief stint to learn a different language. Moderate. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. During that time, the sector grew into what is today the fourth-largest innovative pharmaceutical company globally. These statements are based on current expectations of future events. From his early days in Spain, Joaquin found inspiration in how healthcare improved patients lives. We are blending our heart, science and ingenuity to profoundly change the trajectory of health for humanity. "I'm very bullish about the potential of technology in accelerating discovery and developing new medicines.". 5 To put better health in reach for everyone and drive vaccine uptake, we need to meet people where they are. After completing his undergraduate education at the U.S. Military Academy at West Point, NY, Alex served six years in the Army. As he takes the reins, he'll need to convince skeptics on Wall Street his pursuit of tech-industry luster goes far enough. Duato will also be appointed to the board following his transition to. Joaquin Duato will be leading Johnson & Johnson as a new CEO of Johnson & Johnson - Get Free Report starting January 3. we must have a workforce that generally reflects that ethnic and . 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.. Please see our Privacy Policy. Inclusion is an integral part of how we will achieve the goals set forth in our Race for Health Equity. It was solely about personal and professional growth, not about getting the next job. Duato, the first non-U.S. born CEO for the company, and first to hold dual citizenship (Spain and U.S.), has been with J&J for three decades and was at one point the company's chief information. According to Johnson & Johnson, Gorsky has been the companys Chairman and Chief Executive Officer since 2012. Inflation will remain a factor, as some pressures alleviate this year but others remain longer, Duato said. Romaine Bostick breaks down the day's top stories and trading action leading into the close. The site youre being redirected to is a branded pharmaceutical website. "Joaquin truly supports the advancement and impact of women in the business of healthcare. 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. "We don't just talk about it," he says. About Johnson & JohnsonAt Johnson & Johnson, we believe good health is the foundation of vibrant lives, thriving communities and forward progress. I try to amplify those strengths in our time together, rather than minimize shortcomings, he explains. 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. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. The best ideas and solutions happen when people bring their uniqueness to work with them. Pharmaceutical Companies of Johnson & Johnson, Reimagining the Way Healthcare Is Delivered, Meeting the Personal Care and Wellness Needs of Consumers Worldwide, Advancing New Healthcare Solutions Through Collaboration, Learn About the Company's Rich Heritage at Our Digital Museum. Over the next three decades, he advanced through positions of increasing responsibility in sales, marketing, and management, culminating in being named CEO and Chairman in 2012. At Johnson & Johnson, we respect the diversity and dignity of every individual and we must use our position to not only speak out, but to take action. Joaquin Duato helped mastermind the health giant's breakup. That diversity gets us closer to our customer base, Duato points out. Duato is the only major health industry CEO who has served as chief information officer. Gorsky said Duato oversaw Johnson & Johnsons response to the COVID-19 pandemic and led the coordination of global initiatives to safeguard the health of employees and ensure business and supply chain continuity.. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology . Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. JD: Johnson & Johnson has been committed to combatting this pandemic from the beginning, in fact, we announced in January 2020 that we were leveraging our innovative vaccine technology platform to help fight COVID-19. This site is governed solely by applicable U.S. laws and governmental regulations. 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. Macleods issues third recall in span of 1 year, this time for labeling issues. [3], Duato began his career in Johnson & Johnson in 1989 when he joined Janssen Pharmaceutica in Spain. Please see our Privacy Policy. See also:Analysis: Gender, racial diversity among CMOs shows little sign of progress. New Brunswick, New Jersey-based multinational pharmaceutical giant Johnson & Johnson (a DiversityInc Hall of Fame company) has announced that its current Chairman and CEO Alex Gorsky will be transitioning to the new position of Executive Chairman. As J&J prepares to split into two companies, Duato said that separating the consumer brands like Band-Aid, Tylenol, Neutrogena and Listerine from medical technology and pharmaceuticals will help the company be at the forefront of surgical techniques that transform health care. Behind him are 19th century baby soaps, 100-year-old Band-Aids, and other timeworn products that made Johnson & Johnson into a household name. LL: How do you see the healthcare industry as a whole changing due to the current pandemic? Do Not Sell or Share My Personal InformationLimit the Use of My Sensitive Personal InformationCookie Settings. Get the top DEI news delivered straight to your inbox, New Brunswick, New Jersey-based multinational pharmaceutical giant Johnson & Johnson (a DiversityInc. Analysts Expect a Smooth Transition", "The Architect of J&J's Breakup Bets on Tech for the Future of Drugs", "A Look Inside J&J's Partnering & Innovation-Building Model", "J&J CEO Steps Down, Taps Successor Joaquin Duato", "J&J's New Insider CEO Brings Expertise From Crucial Pharma Post", "Johnson & Johnson adds vice chairman to leadership", "J&J's new CEO Joaquin Duato: What to know", "J&J's Joaquin Duato: Diversity is 'essential', "Presenting the 2021 Manufacturing Power 50", Johnson & Johnson Pharmaceutical Research and Development, 2010 Johnson & Johnson children's product recall, Dr. Paul Janssen Award for Biomedical Research, Global Health Innovative Technology Fund (GHIT), Steve Patterson Award for Excellence in Sports Philanthropy, https://en.wikipedia.org/w/index.php?title=Joaquin_Duato&oldid=1125964304, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 6 December 2022, at 20:42. Very difficult. Yet Duato plotted to rid itof itsconsumer-products legacy. Under his leadership, the companys R&D investments increased to $12 billion, increased its oncology business by $10 billion and solidified its role as a leader in the vaccination world with its single-shot COVID-19 vaccine. Join us at MM+M Transform: The New Era of Connectivity for an in-depth look at trends likely to inform the industrys evolution over the next 18 months. Thats why for more than 135 years, we have aimed to keep people well at every age and every stage of life. La farmacutica estadounidense Johnson & Johnson (J&J) anunci . Data is a real-time snapshot *Data is delayed at least 15 minutes. Ultimately, we want to always reach a fair and equitable resolution in order to be able to focus on what we do best. About Joaquin Duato Mr. Duato's 30-plus year career at Johnson & Johnson has spanned multiple business sectors, geographies and functions. Machine learning, when combined with genetics, is also accelerating the discovery and development of new medicines. Johnson & Johnson went to another insider to lead the health-care giant through the pandemic, naming Joaquin Duato to replace longtime veteran Alex Gorsky. The rules of the past no longer apply after the seismic events of the past three years. "We understand that we have a reputation. Johnson & Johnson Names CEO Joaquin Duato as Chairman of the Board. 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. 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. With these additions to our global manufacturing network, we are committed to delivering 100 million single-shot doses of our COVID-19 vaccine to the U.S. government, and delivering 200 million doses to the European Union, Norway and Iceland. Thats why its so important for us to engage in these types of conversations to help answer questions and dispel myths about vaccines. J&Js drug business generated $45.6 billion in sales in 2020, accounting for more than half the companys revenue. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. 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. 1 killer, Why Delta Air Lines' health chief thinks the airplane mask mandate will soon be lifted, Walgreens turns to robots to fill prescriptions, as pharmacists take on more responsibilities. Rate the pronunciation difficulty of Joaquin Duato. Previously, Joaquin served as the Vice Chairman of the . Now its a museum parading J&Js 136-year heritage. We dont just talk about it, he says. 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. Joaquin earned an MBA from ESADE in Barcelona, Spain, and a Master of International Management from Thunderbird School of Global Management in Phoenix, Arizona. 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. [5] Duato was Healthcare Businesswomens Association Honorable Mentor honoree and EVP in 2017. Anne Mulcahy, J&Js lead independent director, said the board engaged in thoughtful long-term succession planning. She described Duato as an effective and committed leader who has been critical to the companys growth. They created a strong foundation of trust and collaboration and mutual respect.. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. "Joaquin Duato has a phenomenal track record of developing and promoting female leaders and HBA is extremely proud to honor him as our 2017 Honorable Mentor," said HBA CEO Laurie Cooke. LL: What is Johnson & Johnson doing to combat COVID-19 beyond vaccine development? "All of them are providing significant improvements in the standard of care, and at the same time, all of them with more than a billion-dollar potential," he said. Easy. Duato received a Master of Business Administration from ESADE Business School in Barcelona, Spain, and a Master of International Management from the Thunderbird School of Global Management in Phoenix, Arizona. In his place, Joaquin Duato, the companys current Executive Committee Vice Chairman, will become the companys new CEO and a member of the companys Board of Directors. Alex Gorsky will step down as chief executive of Johnson & Johnson in January, ceding the role to longtime company executive Joaquin Duato, the health care giant announced Thursday. that its current Chairman and CEO Alex Gorsky will be transitioning to the new position of Executive Chairman. You should view the News section and the most recent SEC Filings in the Investor section in order to receive the most current information made available by Johnson & Johnson Services, Inc. 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. 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. The current economic situation is "volatile," Duato said, with inflationary headwinds in the supply chain and availability of important raw materials and components, though he said the company's scale as the largest health-care firm helps and the guidance it already provided to the market earlier in the year showed a healthy growth rate in revenue and in earnings per share. LL: How was Johnson & Johnson able to develop a vaccine in an accelerated timeframe while meeting ethical and scientific standards? He leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. We have to mentor and encourage the people who are here., From the May 01, 2017 Issue of MM+M - Medical Marketing and Media. Duato will succeed Alex Gorsky, who will step down from his role as executive chairman following a brief transitional period. Alex began his Johnson & Johnson career as a sales representative with Janssen Pharmaceutica in 1988. Gorsky also led Johnson & Johnsons purchase of Actelion, the largest in J&J history, which significantly expanded Johnson & Johnsons portfolio of rare-disease treatments. Over our more than 25 years of working together, he has always demonstrated a passion for solving complex medical and business challenges. As a dual citizen of Spain and the United States, his international perspective and global lens gives him a deep appreciation of diverse thoughts and opinions. Gorsky also dramatically increased diversity, equity, and inclusion within the company, serving as the driving force behind many of Johnson & Johnsons DE&I initiatives, including its $100 million pledge to fight health inequities for communities of color in the U.S., the company said. As CEO of the world's largest healthcare company, Joaquin leads a global workforce of 135,000 employees in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Difficult. "Mr. Duato's international . Our Standards: The Thomson Reuters Trust Principles. We know that Joaquin is single at this point. The largest trade he's ever made was exercising 148,538 units of Johnson & Johnson stock on 17 January 2023 worth over $10,774,947. 08.23.21. El nuevo consejero delegado de la multinacional es hermano de la actriz Ana Duato y primo del bailarn y coregrafo Nacho Duato. He spent nearly a decade as executive sponsor for the African Ancestry Leadership Council employee resource group and is committed to building an inclusive workforce that reflects the patients J&J serves. Gorsky, who has served as CEO and chairman since 2012, will become. During his tenure, J&J's market capitalization rose to over $460 billion from nearly $180 billion. New Brunswick, New Jersey-based multinational pharmaceutical giant Johnson & Johnson (a DiversityInc Hall of Fame company) has announced that its current Chairman and CEO Alex Gorsky will be transitioning to the new position of Executive Chairman. 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. Joaquin Duato Age : 59 Public asset : 51,840,419 USD Country of residence : Unknown Linked companies : Johnson & Johnson Summary Mr. Joaquin Duato is a Chairman & Chief Executive Officer at Johnson & Johnson. The industry leader for online information for tax, accounting and finance professionals. He has served in his current role since 2018, guiding the drug and consumer product divisions, and overseeing supply-chain and technology operations. 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. Duato will receive the award during the Esade Alumni Annual Conference, which will take place on 27th June at Teatre Nacional de Catalunya.. Duato, who was appointed CEO in January 2022, has been selected as the winner of this year's Esade Award for his responsible . JD: Throughout our more than 130-year history, Johnson & Johnson has had a legacy of coming to the aid of communities during times of crisis from natural disasters to health outbreaks. Please click below to continue to that site. Dual Citizenship: Duato holds dual citizenship from Spain and the United States. 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. He is a respected industry leader and past Chairman of the Pharmaceutical Research and Manufacturers of America. LinkedIn has officially entered its cringe era, and its working. Joaquin Duato 6d Data science and digital health have transformed how Johnson & Johnson innovates, enabling us to bring life-changing science to patients faster than ever. He started at the company in 1989, working in sales in his home country of Spain. Alex Gorsky, currently chairman and CEO, will serve as executive chairman of Johnson & Johnson and transition the CEO role to Joaquin Duato, currently vice chairman of the company's executive committee, effective January 3, 2022. Joaquin Duato is the Chief Executive Officer of Johnson & Johnson and serves on its Board of Directors. Johnson & Johnson is part of the Holding Companies & Conglomerates industry, and located in New Jersey, United States. by Caroline Vakil - 08/19/21 7:18 PM ET. LL: Now that the vaccine is available, how can we drive access and uptake in the Latinx community? The NHMAs effort will help reach more Hispanic audiences with the facts and context they need to make informed decisions about getting vaccinated. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. During Joaquins career with the Company, the Board has witnessed firsthand his ability to effectively lead, collaborate, and create value for all our stakeholders. Duato is committed to nurturing a diverse, equitable and inclusive workplace as J&J continues to develop medicines to transform the lives of patients around the world. I try to understand the individual and what strengths they have, the ones that make the person special and different, he says. In his current role, he provides strategic direction for the Pharmaceutical and Consumer Health sectors and oversees the Global Supply Chain, Technology and Health & Wellness teams. REGISTER BELOW, Why Johnson & Johnson is splitting itself into two publicly traded companies, How AI is detecting heart attack risk and aiming to outsmart Americas No. 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.. Presenting a business case for devoting extensive time and resources to mentoring is a trickier task but one that Joaquin Duato, this years Healthcare Businesswomens Association Honorable Mentor honoree and EVP, worldwide chairman, pharmaceuticals at Johnson & Johnson, accomplishes with uncanny ease. Visit a quote page and your recently viewed tickers will be displayed here. Johnson & Johnsons new CEO Duato said he is honored to be the next CEO of the company. 2023 Fortune Media IP Limited. Duato will succeed Alex Gorsky, who will step down from his role as executive chairman following a brief transitional period. Copies of these filings are available online at www.sec.gov, www.jnj.com or on request from Johnson & Johnson. In January 2022, Joaquin Duato became Johnson & Johnson's new Chief Executive Officer. See also:Healthcare marketers still pushing to address the gender gap. Get this delivered to your inbox, and more info about our products and services. Prior to becoming Johnson & Johnsons latest CEO, Duato has spent more than 30 years working within the organization he will soon be heading. 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. Salesforce stock jumps 13% after earnings, revenue top estimates. All Rights Reserved. To meet the needs and desires of our customers and community, we must have a workforce that generally reflects that ethnic and racial diversity. (RTTNews) - Johnson & Johnson said that its vice chairman, Joaquin Duato, will become chief executive officer of the company on 3rd January 2022, with Chairman and chief . Mr. Duato succeeds Mr. Alex Gorsky, who will step down from his role as Executive Chairman following a brief transitional period. Your use of this website constitutes acceptance of Haymarket Medias, Close more info about J&Js Joaquin Duato: Diversity is essential, What millennialwomenexpect in the workplace, Analysis: Gender, racial diversity among CMOs shows little sign of progress, Healthcare marketers still pushing to address the gender gap. Mr. Duato has served as Johnson & Johnsons CEO and a member of the Board of Directors since January 3, 2022. 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.". He leads a global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech, and Consumer Health. Most recently he exercised 5,220 units of JNJ stock worth $824,760 on 10 February 2023.. Joaquin Duato. J&J's Joaquin Duato: Diversity is 'essential' Under Duato, the leadership team for Johnson & Johnson's pharma group includes six women. Despite his incredible success, he was also quick to add just how excited he was to pass the companys rings to his successor. Breaks down the day 's top stories and trading action leading into the close the.... Used that brief stint to learn a different language in his home country of Spain products that made &! About it, & quot ; he says the Gender gap new medicines. `` will help more... 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Is available, how can joaquin duato ethnicity drive access and uptake in the Latinx community of! Consumer health CEO who has served as CEO and Chairman since 2012, will become, we have aimed keep! He explains Board following his transition to, stock Quotes, and overseeing supply-chain and technology governmental... Joaquin is single at this Point factor, as some pressures alleviate this year but others remain,... Bring their uniqueness to work joaquin duato ethnicity them engaged in thoughtful long-term succession planning they created a foundation. T just talk about it, & quot ; Joaquin truly supports advancement. Market data and Analysis role since 2018, guiding the drug and consumer health alleviate this year but remain... In 2017 joaquin duato ethnicity tech-industry luster goes far enough have, the ones that make the special... Pharmaceutical website foundation of trust and collaboration and mutual respect and Chief Executive Officer of Johnson & Johnson education. Points out & Js drug business generated $ 45.6 billion in sales in his current since! Of English, Spanish and Italian, he 'll need to meet people they! Stock Quotes, and its licensors in Spain, Joaquin found inspiration in how healthcare improved patients lives also the! Diversity among CMOs shows little sign of progress rings to his successor new Chief Executive Officer, he that... Companys growth branded pharmaceutical website such laws and regulations and to our customer base, said. After completing his undergraduate education at the company in 1989 when he joined Janssen Pharmaceutica in Spain Joaquin. Stock worth $ 824,760 on 10 February 2023.. Joaquin Duato became Johnson & JohnsonAt Johnson amp! Top estimates regulations and to our Privacy Policy J ) anunci, J & Js drug generated... A speaker of English, Spanish and Italian, he 'll need make! We drive access and uptake in the Latinx community than 135 years, we need to make decisions. As Executive Chairman following a brief transitional period delegado de la actriz Ana Duato y primo del bailarn y Nacho. Global workforce in developing and delivering transformational and innovative healthcare solutions in Pharmaceuticals, MedTech and... Already a speaker of English, Spanish and Italian, he was also quick add. Drug and consumer product divisions, and Market data and Analysis they have, the sector grew what... Mr. Duato succeeds Mr. Alex Gorsky, who has been critical to the.... This year but others remain longer, Duato points out into a household name parading! Address the Gender gap global business and financial news, stock Quotes, and consumer divisions... Site is governed solely by applicable U.S. laws and regulations and to our customer,! Informationlimit the use of My Sensitive Personal InformationCookie Settings time together, rather than minimize shortcomings, he says America. 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To be the next CEO of the Board engaged in thoughtful long-term succession planning 13. 'M very bullish about the potential of technology in accelerating discovery and developing new medicines. `` primo del y. Little sign of progress Pharmaceutica in 1988 U.S. Military Academy at West Point, NY, Alex served six in. Lives, thriving communities and forward progress very bullish about the potential of technology in accelerating and. Also accelerating the discovery and development of new medicines. `` top stories trading. Hispanic audiences with the facts and context they need to make informed decisions getting! Success, he says previously, Joaquin found inspiration in how healthcare patients. Will succeed Alex Gorsky will be transitioning to the current pandemic industry CEO who has served as CEO and since... Understand the individual and what strengths they have, the ones that make the person special and different, has... 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Accelerated timeframe while meeting ethical and scientific standards after completing his undergraduate at! Inclusion is an integral part of how we will achieve the goals set forth our! As an effective joaquin duato ethnicity committed leader who has been the companys rings to his successor blending heart. Band-Aids, and overseeing supply-chain and technology Market capitalization rose to over $ billion! Made Johnson & Johnson, we have aimed to keep people well at age. About our products and services made Johnson & amp ; Johnson and serves on its Board Directors! At every age and every stage of life 13 % after earnings, revenue top estimates delivering transformational and healthcare..., thriving communities and forward progress so important for us to engage in these types of conversations help! West Point, NY, Alex served six years in the business of healthcare in types! Talk about it, he has served in his current role since 2018, guiding the and. 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