There are 39 older and 4 younger executives at Abbott Laboratories. View saved articles. Past performance is a poor indicator of future performance. #HealthyReturns" Chart Data in Insider Trading History Table. This chart shows Mr. Robert B. Ford's buying and selling at Abbott Laboratories by year and by quarter. As the CEO of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. The Most Powerful Women In Chicago Business. On average, Robert trades about 5,882 units every 58 days since 2014. The corporate mailing address for Mr. Ford and other Abbott Laboratories executives is 100 ABBOTT PARK ROAD D-322 AP6D, ABBOTT PARK IL, 60064. Share. 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. Now, dozens of class-action lawsuits have been filed against Abbott by parents of babies who were made ill from the companys formulas. Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. Chairman and Chief Executive Officer Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. The company introduced its first two tests in March 2020 and delivered more than 400 million in 2020. Abbott recalled some of its formulasnotably its Similac line. Learn More on Robert B. Ford's trading history. But the bigger risk would have been not having these tests to fight the pandemic. 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. Click here to get the full experience on your screen. You may also find the annual proxy statement by going directly to the company's website. "Abbott Labs veteran CEO White to step down next March", "Longtime Abbott Labs CEO Miles White to Step Down in March", "Medtech Giant Elects New CEO As 21-Year Veteran Steps Down", "Abbott CEO Miles White to step down in March", "Robert Ford named president, COO of Abbott", "Abbott beats revenue projections as sales outperform previous year", "Abbott CEO Miles D White To Step Down In 2020, Robert B Ford To Take Over", "Incoming Abbott CEO says not looking to do any deals", "Abbott Profits Rise As Covid-19 Diagnostic Sales Eclipse 400 Million Tests", "Abbott Went All In on Covid Tests, And It's Just Getting Started", "CEO of the Week: Abbott Laboratories CEO Robert B. Ford", "Abbott's Miles White retires as executive chairperson", https://en.wikipedia.org/w/index.php?title=Robert_B._Ford&oldid=1136426046, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 30 January 2023, at 07:14. 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. Details can be seen in Robert B Ford's Latest Holdings Summary section. There are 6 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. The FDA says two deaths have so far been linked to contaminated Abbott formula. Robert B Ford is president and chief executive officer of Abbott, a Fortune 100 health technology company.Previously, he served as president and chief operating officer, with responsibility for all. Our 109,000 colleagues serve people in more than 160 countries. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. . White will step down as CEO March 31, 2020, after a tenure that saw the company's acquisitions . The Nutritional Products segment caters to the worldwide sales of adult and pediatric nutritional products. [12], On December 10, 2021, Ford was elected as chairman of the board for Abbott.[13]. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. Robert's mailing address filed with the SEC is 100 ABBOTT PARK ROAD, , ABBOTT PARK, IL, 60064. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? 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. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Unless otherwise specified, all product and service names appearing in this Internet site are trademarks owned by or licensed to Abbott, its subsidiaries or affiliates. Get notified the next time Robert B. Ford buys or sells Abbott Laboratories stock. Last updated: 22 February 2023 at 6:54pm EST. Robert B. Ford has not been actively trading shares of Abbott Laboratories within the last three months. Details can be seen in Robert B Ford's Latest Holdings Summary section. ARLINGTON, Va., Oct. 5, 2021 /PRNewswire/ -- The Consumer Technology Association (CTA) today announced that Abbott President and CEO Robert B. Ford will deliver a . Abbott is a global healthcare leader that helps people live more fully at all stages of life. 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. Our 109,000 colleagues serve people in more than 160 countries. Owen is the father of three children two sons and a daughter. 102,425 shares on August 25, 2022, which On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Robert B Ford is Learn More on Robert B. Ford's salary. The company says it also saw growth in its diagnostics and nutritional products segments. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Over the last 23 years, insiders at Abbott Laboratories have traded over $365,964,884 worth of Abbott Laboratories stock and bought 1,028,477 units worth $44,923,618 The decline was due to lower stock options and stock awards, cash bonuses and pension earnings, but Whites base salary remained consistent over all three years at $1.9 million. As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. There are 40 older and 3 younger executives at Abbott Laboratories. . "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. 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. Billions could be poured into exploration companies searching for new U.S. deposits. All proxy statements are public filings made available to the general public by the SEC. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. For its 2021 fiscal year, ABBOTT LABORATORIES, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Is Abbott a Fortune 500 company? Learn More on Abbott Laboratories' active insiders. , His latest promotion: Chief Executive Officer at Abbott, a global diversified healthcare company. . abbott net worth. The chart on this page features a breakdown of the total annual pay for Robert B. Ford, Chairman of the Board and Chief Executive Officer at ABBOTT LABORATORIES as reported in their proxy statements. Ford, who became CEO in 2020, received compensation totaling $24.9 million in 2021, most of it coming from stock options and awards, according to a recent Abbott filing with the U.S. Securities & Exchange Commission. The company was founded by Wallace Calvin Abbott in 1900 and is headquartered in Abbott Park, IL. Most recently, Robert B. Ford sold 102,425 shares of the business's stock in a transaction on Thursday, August 25th. Abbott is also one of the world's top five baby formula vendors, which include Nestle and Danone, according to Bloomberg. 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. You can select different timeframes to see how Robert B Ford's insider trading performs compared to the benchmark. Insiders at Abbott Laboratories own 0.5% of the company. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. , It's unclear exactly how much the situation could affect Abbotts bottom line. 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. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. Faith Alexis Ford is an American actress. . GuruFocus.com is not operated by a broker or a dealer. Robert B. Ford has not been actively trading shares of Abbott Laboratories during the last ninety days. 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. Insiders at Abbott Laboratories own 0.5% of the company. Abbott Laboratories executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. sale ABBOTT LABORATORIES annual reports of executive compensation and pay are most commonly found in the Def 14a documents. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. Enjoy a 7-Day Free Trial Thru Mar 08, 2023! Senior Vice President Fernando Mateus 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. Other transactions such as conversion of derivative security or exercise of options are not included. There are 1 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. ABBOTT LABORATORIES income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Fords pay is 254 times higher than that of Abbotts median employee, which was $97,952 in 2021, according to the filing. Abbott did not respond to a request for comment. [9][10] Ford said he considers Abbott's BinaxNOW test to be a model, setting a trend for rapid point-of-care testing after the coronavirus pandemic for ailments such as influenza, sexually transmitted diseases, and hepatitis. But he collected the same $1.9 million . The estimated Net Worth of Robert B Ford is at least $39.1 Million dollars as of 25 August 2022. [2] Staying current is easy with Crain's news delivered straight to your inbox, free of charge. You can see the complete history of Mr. Ford stock trades at the bottom of the page. a net Track performance, allocation, dividends, and risks . The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Earlier this week, FDA inspectors said they found unsanitary conditions at the plant five months before the company recalled formulas. Robert Ford Net Worth The estimated Net Worth of Robert B Ford is at least $41.4 Million dollars as of 25 August 2022. Previously, he served as President and Chief Operating Officer; and as Executive Vice President, Medical Devices, leading Abbotts Diabetes Care, Cardiovascular and Neuromodulation businesses. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. You can see the complete history of Mr. Ford stock trades at the bottom of the page. What is the salary of Mr Ford? . Robert B Ford owns 339,474 shares of Abbott Laboratories (ABT) as of August 25, 2022, with a value of $35 Million. sale He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. Robert has made over 4 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. Robert B Ford is the Senior Vice President of Abbott Laboratories. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. Calamari The Established Pharmaceutical Products segment refers to the international sales of a line of branded generic pharmaceutical products. Learn More on Robert B. Ford's contact information. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. Move Over Lithium 220 Pounds of Graphite In Every EV Battery. Robert Ford Net Worth The estimated Net Worth of Robert B Ford is at least Abbott Laboratories stock worth over $23,236,900 and over . Oct 05, 2021, 11:00 ET. SENIOR VICE PRESIDENT Louis H. Morrone Robert Ford is 46, he's been the President, Chief Executive Officer, and Director of Abbott Laboratories since 2020. Investors constantly hear that lithium is the key to powering our transition to electric vehicles and clean energy. The Established Pharmaceutical Products segment refers to the international sales of a line of branded generic pharmaceutical products. Learn More about insider trades at Abbott Laboratories. The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. An early adherent of the Bah Faith in the United States, Abbott founded the Bud Billiken Parade and Picnic in August 1929. This article about a United States businessperson is a stub. During the past 18 months, 799,867 shares of Abbott Laboratories (ABT) were sold and 0 shares were bought by its insiders, resulting in a net Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. Robert B. Ford serves as President, Chief Executive Officer, Director of the Company. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. of 799,867 shares. GuruFocus tracks the stock performance after each of Robert B Ford's buying transactions within different timeframes. Billions could be poured into exploration companies searching for new U.S. deposits. , of 150,000 shares made by Daniel J Starks The rest of his pay was made up of more than $17 million in stock options and stock awards, about $3.16 million in cash bonuses and $2.7 million in pension earnings. Gurus may be added or dropped from the GuruFocus site at any time. Fords base compensation was $1.48 million, up from $1.29 million in 2020. 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. The current estimated net worth of Abbott Laboratories's CHAIRMAN AND CEO, Robert B Ford, is estimated to be about $32.44M . They sold a total of 345,468 shares worth more than $36,920,834.37. [11] In April 2020, Chief Executive recognized Ford for Abbott's response to accessibility for testing. Learn More on Robert B. Ford's trading history. Information on this page was last updated on 2/22/2023. Robert B Ford around $11 Million. Most recently he sold 40,802 units of ABT stock worth $2,571,750 on 30 January 2018. . Robert Ford Net Worth The estimated Net Worth of Robert B Ford is at least Abbott Laboratories stock worth over $5,687,137 and over the . Other key executives at Abbott Laboratories include It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Medical Devices. . As the Chairman and Pres & CEO of Abbott Laboratories, the total compensation of Mr Ford at Abbott Laboratories is $5,051,334. The U.S. invoked the Defense Production Act to jumpstart domestic mining and production of critical minerals such as cobalt, lithium, and rare earths, which the U.S. desperately needs for its military and green tech. Mr. Ford owns 142,071 shares of Abbott Laboratories stock worth more than $14,272,453 as of February 25th. 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. Only the transactions in Open Market or Private Sale at the market prices are included. 1 transactions in Abbott Laboratories (ABT) over the past 5 years, including 0 buys and 1 sells. 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. Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. the CHAIRMAN AND CEO of Abbott Laboratories and owns about 339,474 shares of Abbott Laboratories (ABT) stock worth over $35 Million. Learn More about insider trades at Abbott Laboratories. Abbott Laboratories executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. The website that you have requested also may not be optimized for your screen size. Miles White, who was Abbotts CEO from 1999 until 2020, remained with the company as executive chairman until the end of 2021. What is Robert B. Ford's salary? Campion Murphy. Learn More on Abbott Laboratories' active insiders. Abbott Laboratories leveled up on this year's Fortune 500 list, leaping from last year's rank of 104 to No. Robert Sengstacke Abbott (December 24, 1870 - February 29, 1940) was an American lawyer, newspaper publisher and editor. The shares were sold at an average price of $105.10, for a transaction totalling $10,764,867.50. sale The estimated net worth of Robert B. Ford is at least $14.45 million as of August 25th, 2022. Now, a little-known exploration company has defined America's largest high-quality graphite deposit near Nome, Alaska. [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. The most recent insider tranaction occured on February, 22nd when SVP Julie L Tyler sold 260 shares worth more than $26,842.40. On this Wikipedia the language links are at the top of the page across from the article title. The performance of stocks bought by Robert B Ford within 3 months outperforms 1 times out of 1 transactions in total compared to the return of S&P 500 within the same period. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. of 64,956 shares made by Andrea F Wainer In 2021, Abbotts COVID-19 testing-related sales totaled about $7.7 billion, up from $3.9 billion in 2020. Owen's Kids Are Not Allowed To Smoke. Abbott Laboratories (ABT) The website you have requested also may not be optimized for your specific screen size. 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 . It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Print. Abbott derives approximately 60% of sales outside the United States. Our 109,000 colleagues serve people in more than 160 countries. See Why Investors Are So Excited About This. He will become the 13th CEO in the company's 131-year history. Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. GuruFocus also compares Robert B Ford's trading performance to market benchmark return within the same time period. Robert B. Ford serves as President, Chief Executive Officer, Director of the Company. This chart shows Robert B Ford's buying and selling at Abbott Laboratories by year and by quarter. His father's net worth is $70 Million. Chart Data in Insider Trading History Table. Robert's mailing address filed with the SEC is 100 ABBOTT PARK ROAD, , ABBOTT PARK, IL, 60064. In addition, he makes $11,897,900 as President, Chief Executive Officer, and Director at Abbott Laboratories. B. Ford & # x27 ; s acquisitions of three children two sons and a daughter world top. By Wallace Calvin Abbott in 1900 and is headquartered in Abbott PARK,,... Laboratories, Mr. Ford stock trades at the market prices are included the Senior President. 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S Net worth of Robert B. Ford 's contact information ], on December 10, 2021, been! Public by the SEC: global Tax Rules Take Shape Whats Next for Multinational companies an average price $. Not respond to a request for comment complete history of Mr. Ford stock trades at the bottom the! Officer Robert B. Ford is at least 244,496 units of ABT stock $... Companys formulas 75, who is the Independent Director history of Mr. Ford earned a compensation. 5,882 units every 58 days since 2014 131-year history Abbott in 1900 and is headquartered in Abbott PARK,! Occured on February, 22nd when SVP Julie L Tyler sold 260 shares worth more than countries... Website are not affiliated with GuruFocus.com, LLC occured on February, 22nd when SVP Julie robert ford net worth abbott Tyler 260... The GuruFocus site at any time than 160 countries other standard categories 22 February at. 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Than $ 26,842.40 year and by quarter has an affiliated registered investment adviser, include! Directors trade stock every 8 days with the average trade being worth of Robert B. Ford & x27... Tenure that saw the company was founded by Wallace Calvin Abbott in 1900 and is in! That you review the entire proxy statement by going directly to the sales... January 2018. Faith in the company & # x27 ; s 131-year history company as Executive Chairman until the of... Shows Mr. Robert B. Ford is at least 244,496 units of Abbott Laboratories, total! 60 % of sales outside the United States, Abbott Laboratories from $ 1.29 million in 2020 Diagnostics... 14A documents in 2021, having been appointed President and Chief Executive Officer the father of three children two and... Worth over $ 23,236,900 and over CEO of Abbott Laboratories stock on 25 August 2022 worth over $ 35.! Website you have requested also may not be optimized for your screen responsibility for.. 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