Abbott named current COO Robert Ford its new CEO Wednesday, ushering in the first new chief executive in 21 years. The company was founded by Wallace Calvin Abbott in 1900 and is headquartered in Abbott Park, IL. Mr Ford is 47, he's been the Chairman and Pres & CEO of Abbott Laboratories since . As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. SENIOR VICE PRESIDENT Louis H. Morrone Mr. Ford owns over 102,425 units of Abbott Laboratories stock worth over $26,852,996 and over the last 9 years he sold ABT stock worth over $2,638,762. Mr. Ford earned a bachelor's degree from Boston College and a master's degree in business administration from UC Berkeley, Haas School of Business. The company was founded by Wallace Calvin Abbott in 1900 and is headquartered in Abbott Park, IL. This net worth estimate does not reflect any other investments that Mr. Ford may own. In 2021, Abbotts COVID-19 testing-related sales totaled about $7.7 billion, up from $3.9 billion in 2020. Robert Ford, left, and Miles White. Abbott is a global healthcare leader that helps people live more fully at all stages of life. ARLINGTON, Va., Oct. 5, 2021 /PRNewswire/ -- The Consumer Technology Association (CTA) today announced that Abbott President and CEO Robert B. Ford will deliver a . But America hasn't produced any graphite since the 1950s. Over the past 18 months, 89. . The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. . sale Abbott manufactures and markets medical devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. There are 40 older and 3 younger executives at Abbott Laboratories. Mr. Ford owns over 102,425 units of Abbott Laboratories stock worth over $24,857,908 and over the last 9 years he sold ABT stock worth over $2,638,762. Here's who topped Crain's latest lists of highest-paid execs, Motorola Solutions' Greg Brown is cashing in some of his chips, Target and Solo Cup are opening huge warehouses in the southwest suburbs, Widow of Richard Duchossois selling Inverness home, Four ways to get Michael Jordan's mansion sold at last, State Farm posts record $6.7 billion loss as inflation takes a toll, Walgreens Boots Alliance plans partial HQ sale. Mr. Ford earned a bachelor's degree from Boston College and a master's degree in business administration from UC Berkeley, Haas School of Business. Get notified the next time Robert B. Ford buys or sells Abbott Laboratories stock. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Abbott Laboratories' insider roster includes Hubert Allen (Insider), Roxanne Austin (Director), Roger Bird (SVP), Brian Blaser (Insider), Philip Boudreau (VP), Sharon Bracken (Insider), John Capek (EVP), Jaime Contreras (SVP), Michael Dale (SVP), Lisa Earnhardt (EVP), Robert Ford (Chairman), Robert Ford (CEO), Robert Funck (CFO), Stephen Fussell (EVP), John Ginascol (EVP), Sammy Karam (SVP), Michelle Kumbier (Director), Andrew Lane (EVP), Joseph Manning (SVP), Nancy Mckinstry (Director), Mary Moreland (EVP), Louis Morrone (SVP), Phebe Novakovic (Director), Michael Pederson (SVP), Daniel Salvadori (EVP), Christopher Scoggins (SVP), Daniel Starks (Director), Julie Tyler (SVP), Andrea Wainer (EVP), Jared Watkin (SVP), Miles White (Chairman), Randel Woodgrift (SVP), and Brian Yoor (CFO). This investment adviser does not provide advice to individual investors. On average, Robert trades about 5,882 units every 58 days since 2014. Mr. Ford owns 142,071 shares of Abbott Laboratories stock worth more than $14,451,462 as of March 1st. the total compensation of Mr Ford at Abbott Laboratories is $5,051,334. Abbott Laboratories CEO Robert Ford received a $4.5 million raise last year as the medical device company saw sales surge amid rising demand for its COVID-19 BinaxNOW tests. Abbott Laboratories CEO Robert Ford received a $4.5 million raise last year as the medical device company saw sales surge amid rising demand for its COVID-19 BinaxNOW tests. There are 40 older and 3 younger executives at Abbott Laboratories. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. Learn More on Robert B. Ford's trading history. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. The most recent insider tranaction occured on February, 22nd when SVP Julie L Tyler sold 260 shares worth more than $26,842.40. Learn More about Robert B. Ford's net worth. She is known for her roles as Corky Sherwood on the CBS sitcom Murphy Brown, for which she received five Primetime Emmy Award nominations, [1] and as Hope Shanowski on the ABC sitcom Hope & Faith . Robert B Ford owns 339,474 shares of Abbott Laboratories (ABT) as of August 25, 2022, with a value of $35 Million. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. Chairman of the Board and Chief Executive Officer. This information is according to proxy statements filed for the 2021 fiscal year. This report is not for commercial use. The company says it also saw growth in its diagnostics and nutritional products segments. Enter your email address below to get our daily insider buying and selling report. and stock awards worth $12 million under a long-term incentive plan covering the three-year period ended in 2019. Its portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. RANK89. There are 1 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. For its 2021 fiscal year, ABBOTT LABORATORIES, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Only the transactions in Open Market or Private Sale at the market prices are included. Other key executives at Abbott Laboratories include GuruFocus.com is not operated by a broker or a dealer. Last updated: 1 February 2023 at 11:00am EST. Previously, he served as President and Chief Operating Officer; and as Executive Vice President, Medical Devices, leading Abbotts Diabetes Care, Cardiovascular and Neuromodulation businesses. no insider transaction in Abbott Laboratories (ABT). Robert B Ford made This chart shows Robert B Ford's buying and selling at Abbott Laboratories by year and by quarter. Robert B. Ford is an American businessman and the thirteenth chief executive officer at Abbott Laboratories, a publicly-traded medical devices and health care company based in Abbott Park, Illinois. Robert Ford is 46, he's been the President, Chief Executive Officer, and Director of Abbott Laboratories since 2020. The largest trade he's ever made was exercising 102,425 units of Abbott Laboratories stock on 25 August 2022 worth over $4,121,582. Fundamental company data provided by Morningstar, updated daily. Robert Ford made $20,450,586 in total compensation as Director, Chief Executive Officer and President at Abbott Laboratories in . The largest trade he's ever made was exercising 102,425 units of Abbott Laboratories stock on 25 August 2022 worth over $4,121,582. During the last year, insiders at the healthcare product maker sold shares 13 times. Robert Ford Net Worth The estimated Net Worth of Robert B Ford is at least Abbott Laboratories stock worth over $26,723,413 and over . Calamari As Chairman of the Board and Chief Executive Officer at ABBOTT LABORATORIES, Robert B. Ford made $22,159,543 in total compensation. Robert B Ford is the CHAIRMAN AND CEO of Abbott Laboratories and owns about 339,474 shares of Abbott Laboratories (ABT) stock worth over $34 Million . His 2021 pay was down from $18.8 million in 2020 and $24.67 million in 2019. Fords base compensation was $1.48 million, up from $1.29 million in 2020. Get notified the next time Robert B. Ford buys or sells Abbott Laboratories stock. Learn More about insider trades at Abbott Laboratories. SENIOR VICE PRESIDENT Christopher J. [5], On March 31, 2020, Ford became the chief executive officer of Abbott Laboratories, elected unanimously by the company's board. See who is leading new copper discoveries and how. E-mail oureditor As Chairman of the Board and Chief Executive Officer at ABBOTT LABORATORIES, Robert B. Ford made $22,159,543 in total compensation. There are 39 older and 4 younger executives at Abbott Laboratories. Learn More about insider trades at Abbott Laboratories. The most recent stock trade was executed by Julie L. Tyler on 17 February 2023, trading 260 units of ABT stock currently worth $26,842. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Abbott is a global healthcare leader that helps people live more fully at all stages of life. But he collected the same $1.9 million . Details can be seen in Robert B Ford's Latest Holdings Summary section. There are 6 executives at Abbott Laboratories getting paid more, . The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. The shares were sold at an average price of $105.10, for a transaction totalling $10,764,867.50. The estimated Net Worth of Robert B Ford is at least $39.6 Million dollars as of 25 August 2022. Above is the net worth, insider trading, and ownership report for Robert B Ford. No use of any Abbott trademark, trade name, or trade dress in this site may be made without the prior written authorization of Abbott, except to identify the product or services of the company. Abbott has hit some hurdles in its nutritional products segment since the U.S. Food & Drug Administration and the U.S. Centers for Disease Control & Prevention opened an investigation in February into the companys production of baby powder formulas at a Sturgis, Mich., manufacturing plant. Robert has made over 4 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. Russia Ignites West's Battle for Energy Independence. 2004-2023 GuruFocus.com, LLC. CEO Miles White will retain his title as executive chairman of the board. , Abbott Laboratories can also be reached via phone at (224) 667-6100. ( m. 1989-1996) . . , The most active insiders traders include Miles D White, Richard A Gonzalez, and Jeffrey M Leiden. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. The website that you have requested also may not be optimized for your screen size. Text size. Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. Following is the unofficial transcript of a CNBC interview with Abbott President & CEO Robert Ford and CNBC's Host of "Mad Money w/ Jim Cramer" & Co-Anchor of "Squawk on the Street" Jim Cramer . Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. [2], Ford joined Abbott in 1996 within its diabetes care business, later heading the company's medical device businesses, and Abbott's integration of St. Jude Medical in 2017, its largest acquisition at the time. and Last updated: 22 February 2023 at 6:54pm EST. Abbott is also one of the world's top five baby formula vendors, which include Nestle and Danone, according to Bloomberg. "Robert Ford, our President and CEO, discusses how the intense timelines and the sheer volume of tests the world needed called for big, bold moves. Of this total $1,482,692 was received as a salary, $3,168,400 was received as a bonus, $8,689,978 was received in stock options, $8,689,294 was awarded as stock and $129,179 came from other types of compensation. It's unclear exactly how much the situation could affect Abbotts bottom line. The estimated Net Worth of Robert B Ford is at least $39.1 Million dollars as of 25 August 2022. Abbott Laboratories engages in the discovery, development, manufacture, and sale of a broad and diversified line of health care products. The Medical Devices segment includes electrophysiology, heart failure, vascular and structural heart devices for the treatment of cardiovascular diseases, and diabetes care products for people with diabetes, as well as neuromodulation devices for the management of chronic pain and movement disorders. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Track performance, allocation, dividends, and risks . Abbott Laboratories can also be reached via phone at (224) 667-6100. Previously, he served as President and Chief Operating Officer, with responsibility for all of the company's operating businesses; and Executive Vice President, Medical Devices, leading our Diabetes Care, Cardiovascular and Neuromodulation businesses. Investors constantly hear that lithium is the key to powering our transition to electric vehicles and clean energy. Mr. Ford earned a salary of $1,482,692.00, stock awards of $8,689,294.00, options awards of $8,689,978.00, non-equity compensation of $3,168,400.00, and other compensation of $129,179.00. Our 109,000 colleagues serve people in more than 160 countries. As the Chairman of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. Robert Nottingham. Fords pay is 254 times higher than that of Abbotts median employee, which was $97,952 in 2021, according to the filing. The most active insiders traders include Miles D White, Richard A Gonzalez y Jeffrey M Leiden. The estimated Net Worth of Robert B Ford is at least $39.4 Milln dollars as of 25 August 2022. Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. 1-877-812-1590, Veradigm says software glitch inflated revenue reports, Ascension nurses seek class-action status over unpaid wages, Pritzker launches children's behavioral health initiative. Its portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. [11] In April 2020, Chief Executive recognized Ford for Abbott's response to accessibility for testing. The FDA says two deaths have so far been linked to contaminated Abbott formula. GuruFocus tracks the stock performance after each of Robert B Ford's buying transactions within different timeframes. Robert B Ford is Robert is currently 12 years old. A bacteria called cronobacter sakazakii has been linked to baby powder formulas manufactured at the plant, which have led to complaints of babies becoming ill. Learn More on Abbott Laboratories' active insiders. Coronavirus Tips Working and Protection. Robert B. Ford is on the board of California Biomedical Innovation Alliance and President, CEO, Chief Operating Officer & Director at Abbott Laboratories and Executive Vice President-Medical Devices at Abbott Diabetes Care, Inc. Mr. Ford previously occupied the position of Manager-Diagnostics Business Unit at Abbott Laboratrios do Brasil Ltda. As the President, Chief Executive Officer, and Director of Abbott Laboratories, the total compensation of Robert Ford at Abbott Laboratories is $11,897,900. Most recently he sold 40,802 units of ABT stock worth $2,571,750 on 30 January 2018. . Learn More on Abbott Laboratories' active insiders. a net The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. Learn More on Robert B. Ford's trading history. All proxy statements are public filings made available to the general public by the SEC. The most active insiders traders include Miles D White, Richard A Gonzalez, and Jeffrey M Leiden. There are 40 older and 3 younger executives at Abbott Laboratories. Chairman and Chief Executive Officer Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The Established Pharmaceutical Products segment refers to the international sales of a line of branded generic pharmaceutical products. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Learn More on Robert B. Ford's contact information. Combined, the North Chicago-based company paid more than $40 million in 2021 for the services of Ford and White. Earlier this week, FDA inspectors said they found unsanitary conditions at the plant five months before the company recalled formulas. Information on this page was last updated on 2/22/2023. An early adherent of the Bah Faith in the United States, Abbott founded the Bud Billiken Parade and Picnic in August 1929. Abbott did not respond to a request for comment. Products include pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, molecular diagnostic platforms, and immunoassays and point-of-care diagnostic equipment. On average, Robert trades about 5,882 units every 58 days since 2014. You might contact Robert B Ford via mailing address: 100 Abbott Park Road, Ap6a-2, D-032l, Abbott Park Il 60064-6092. Details can be seen in Robert B Ford's Latest Holdings Summary section. Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. of 64,956 shares made by Andrea F Wainer Abbott is a global healthcare leader that helps people live more fully at all stages of life. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Abbott CEO Robert Ford 'sorry,' vows to supply 'more baby formula than before recall' By Dean Balsamini May 21, 2022 6:17pm Updated Robert Ford, CEO of of Abbott Laboratories, said in. [8], At the beginning of the COVID-19 pandemic, Ford led the company's COVID-19 testing development and distribution. Robert B. Ford Net Worth Mr. Robert B. Ford biography. Our 109,000 colleagues serve people in more than 160 countries. Previously, he served as President and Chief Operating Officer, with responsibility for all of the company's operating businesses; and Executive Vice President, Medical Devices, leading our Diabetes Care, Cardiovascular and Neuromodulation businesses. The estimated net worth of Robert B. Ford is at least $14.27 million as of August 25th, 2022. Its portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. In addition, he makes $11,897,900 as President, Chief Executive Officer y Director at Abbott Laboratories. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. Source: Pinterest Age And Net Worth . Chicago, IL 60601 Senior Vice President Fernando Mateus of 15,460 shares. Click here to see the complete history of Robert B Fords form 4 insider trades. You may also find the annual proxy statement by going directly to the company's website. Of this total $1,482,692 was received as a salary, $3,168,400 was received as a bonus, $8,689,978 was received in stock options, $8,689,294 was awarded as stock and $129,179 came from other types of compensation. Abbott has 112,060 employees in more than 160 countries, but 4,035 workers in Bolivia, Georgia, Indonesia, Kazakhstan, Pakistan and the Philippines were excluded in identifying the companys median employee. Insiders at Abbott Laboratories own 0.5% of the company. This net worth estimate does not reflect any other investments that Mr. Ford may own. There are 1 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. Abbott Laboratories (ABT) Mr. Ford earned a salary of $1,482,692.00, stock awards of $8,689,294.00, options awards of $8,689,978.00, non-equity compensation of $3,168,400.00, and other compensation of $129,179.00. Abbott Laboratories engages in the discovery, development, manufacture, and sale of a broad and diversified line of health care products. Billions could be poured into exploration companies searching for new U.S. deposits. Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. Abbott is a global healthcare leader that helps people live more fully at all stages of life. His father's net worth is $70 Million. On average, Robert trades about 5,882 units every 58 days since 2014. As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Medical Devices. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Chart Data in Insider Trading History Table. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. You can help Wikipedia by expanding it. As the President, Chief Executive Officer, and Director of Abbott Laboratories, the total compensation of Robert Ford at Abbott Laboratories is $11,897,900. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Our 109,000 colleagues serve people in more than 160 countries. ABBOTT LABORATORIES income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Learn More on Abbott Laboratories' active insiders. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. He pulled Abbott's scientists and manufacturing teams off their projects to work on four teams, each focused on specific tests. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Medical Devices. On this episode of Yahoo Finance Presents, Abbott President & CEO Robert Ford, sat down with Yahoo Finance's Anjalee Khemlani to discuss Abbott's upcoming keynote address at CES 2022 and COVID-19 test pricing and supply chain challenges. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. The corporate mailing address for Mr. Ford and other Abbott Laboratories executives is 100 ABBOTT PARK ROAD D-322 AP6D, ABBOTT PARK IL, 60064. Other key executives at Abbott Laboratories since 2020 grant date fair value of stock and option awards and term! Executive Chairman of the Bah Faith in the discovery, development, manufacture and. 1 executives at Abbott Laboratories, listed the following segments: Established Pharmaceutical Products, nutritional Products segments of... Board and Chief Executive Officer y Director at Abbott Laboratories stock worth over $ 4,121,582 24,914,886.00 in,! 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