Daniel Pinto
JOHNSON & JOHNSONAbout Daniel Pinto
Daniel Pinto is a global financial executive elected to Johnson & Johnson’s Board effective July 1, 2025, bringing more than three decades of capital markets and risk management experience from JPMorganChase, where he serves as President through June 30, 2025 and then Vice Chairman through 2026 . He holds a bachelor’s degree in Public Accounting and Business Administration from Universidad Nacional de Lomas de Zamora in Buenos Aires and is a member of the Board of Directors of the Institute of International Finance . His tenure at JNJ begins in 2025; age not disclosed in company materials .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| JPMorganChase | President and Chief Operating Officer; sole President (since Jan 2022); Vice Chairman (from Jul 1, 2025 through 2026) | 2018–present (Co-President & COO from Jan 2018; sole President from Jan 2022; Vice Chairman through 2026) | Firmwide operating leadership; capital markets expertise; risk oversight |
| JPMorganChase Corporate & Investment Bank | Co-CEO then sole CEO | Co-CEO (2012), sole CEO (2014) | Led global markets and investment banking franchises; credit trading and fixed income |
| JPMorganChase (Global Markets) | Global head of Emerging Markets; expanded remit to Global Credit Trading & Syndicate and Global Fixed Income | ~2006 onward | Built EM and global fixed income platforms; global market supervision |
| Chase Manhattan / Chemical Bank (predecessors) | Head trader/Treasurer (Mexico); regional markets oversight (London) | 1992–late 1990s | Oversaw EMEA/Asia local markets; trading leadership |
| Manufacturers Hanover | Financial analyst and FX trader (Buenos Aires) | Began 1983 | Early markets and trading experience |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Institute of International Finance | Director | Not disclosed | Global financial policy and industry coordination |
Board Governance
- Committee assignments: Audit Committee (member) and Compensation & Benefits Committee (member), effective July 1, 2025 .
- Independence: JNJ states all five main Board Committees are composed entirely of independent Directors; Audit and Compensation & Benefits therefore require independence. Pinto is a non-employee Director and will serve on both committees .
- Board meeting attendance: Not applicable for 2024 (joined in 2025). Company-wide, each Director attended at least 75% of meetings in 2024; Board held 14 meetings .
- Lead Director and executive sessions: Independent Directors meet in executive session at each Board and Committee meeting; strong Lead Director framework .
Fixed Compensation
| Component | 2025 Program | Notes |
|---|---|---|
| Annual cash retainer | $125,000 | Standard for non-employee Directors |
| Deferred Share Units (DSUs) grant value | $205,000 | Mandatory deferral until termination of Board service; DSUs accrue dividend equivalents; settled in cash |
| Committee chair retainers | Audit Chair: $30,000; Other Chairs: $25,000 | Pinto is not disclosed as a chair |
| Lead Director retainer | $50,000 | Not applicable to Pinto |
- Benchmarking: Director compensation reviewed annually; 2025 program kept at peer median; Semler Brossy serves as independent consultant .
Performance Compensation
- Directors at JNJ do not receive performance-based equity; annual DSUs are time-based and mandatorily deferred (no PSUs/options for Directors) .
| Metric Type | Applicable to Directors? | Details |
|---|---|---|
| Performance share units (PSUs) | No | PSUs apply to executives, not Directors |
| Options/RSUs (performance-based) | No | Not part of Director package |
| Cash annual incentive tied to metrics | No | Directors receive fixed retainers |
Other Directorships & Interlocks
| Entity | Relationship to JNJ | Nature of Tie | 2024 Magnitude |
|---|---|---|---|
| JPMorganChase | Banker to JNJ; Pinto is executive of JPMorganChase | Routine banking services, supplier financing, short-term debt instruments, and M&A advisory | JNJ paid approximately $39.2 million in fees to JPMorganChase in FY2024 |
| Institute of International Finance | External non-profit board | No disclosed transactions | Not disclosed |
- Governance handling: JNJ’s Nominating & Corporate Governance Committee oversees conflicts and related person transactions >$120,000; independence standards and thresholds apply case-by-case .
Expertise & Qualifications
- Deep financial and capital markets expertise; leadership of global investment bank and firmwide operations at JPMorganChase .
- International business experience across EMEA/Asia/LatAm markets; risk management and trading background .
- Education: Bachelor’s in Public Accounting & Business Administration (Universidad Nacional de Lomas de Zamora) .
Equity Ownership
| Policy/Item | Detail |
|---|---|
| Stock ownership guideline (Directors) | 5x annual cash retainer; 5 years to achieve |
| Compliance window | New Directors have 5 years to meet threshold |
| Prohibitions | Anti-pledging, hedging, and short selling policy for Directors and executives |
| Deferred fee plan | Directors may elect to defer cash retainers into DSUs; DSUs accrue dividend equivalents; settled in cash at termination |
- Beneficial ownership: Not yet disclosed for Pinto in the 2025 Proxy; DSU balances cited for incumbent Directors, not including Pinto .
Governance Assessment
-
Positives:
- Immediate placement on Audit and Compensation & Benefits underscores strong financial and governance skill fit; both committees are independent-only, reinforcing board effectiveness .
- Director pay structure emphasizes long-term alignment via mandatory DSU deferrals and robust ownership guidelines (5x retainer), plus anti-pledging/hedging policies .
-
Potential conflicts and monitoring needs:
- Executive role at JPMorganChase coincides with significant banking relationships (JNJ paid ~$39.2M in 2024); while routine, this is a related-party exposure that warrants ongoing oversight by the Nominating & Corporate Governance Committee under the Related Persons policy .
- Independence standards and committee composition suggest the board assessed and deemed his service consistent with independence, but investors should monitor disclosures in future proxies for any updates to related-person determinations and thresholds .
-
Signals affecting investor confidence:
- Governance infrastructure (executive sessions, strong Lead Director, committee private sessions with compliance leaders) supports independent oversight during onboarding of a high-profile financial executive .
- Director compensation kept at peer median for 2025; no meeting fees or performance awards for Directors, reducing pay-complexity risk .
RED FLAGS: Related-party exposure due to concurrent JPMorganChase executive role and substantial banking fees paid by JNJ in 2024; monitor continued segregation from decisions involving JPMorgan and recusal practices under JNJ’s independence standards .