. Now, dozens of class-action lawsuits have been filed against Abbott by parents of babies who were made ill from the companys formulas. Is Abbott a Fortune 500 company? 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. The Established Pharmaceutical Products segment refers to the international sales of a line of branded generic pharmaceutical products. ABBOTT LABORATORIES income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. 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. 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. Combined, the North Chicago-based company paid more than $40 million in 2021 for the services of Ford and White. The company was founded by Wallace Calvin Abbott in 1900 and is headquartered in Abbott Park, IL. 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. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. Abbott is a global healthcare leader that helps people live more fully at all stages of life. How much does Robert Ford of Abbott make? , 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. #HealthyReturns" Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. The shares were sold at an average price of $105.10, for a transaction totalling $10,764,867.50. They sold a total of 345,468 shares worth more than $36,920,834.37. Abbott Laboratories can also be reached via phone at (224) 667-6100. Abbott named current COO Robert Ford its new CEO Wednesday, ushering in the first new chief executive in 21 years. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. . Robert Ford is 46, he's been the President, Chief Executive Officer y Director of Abbott Laboratories since 2020. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. [6][7] He stated that the sale of medical devices such as FreeStyle Libre and diagnostics would be prioritized while CEO as well as developing technology to monitor consumer health through smartphones and other connected devices. 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. ( m. 1989-1996) . 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. RANK89. Chart Data in Insider Trading History Table. Please be aware that the website you have requested is intended for the residents of a particular country or region, as noted on that site. ARLINGTON, Va., Oct. 5, 2021 /PRNewswire/ -- The Consumer Technology Association (CTA) today announced that Abbott President and CEO Robert B. Ford will deliver a . Learn More about Robert B. Ford's net worth. [3][4] He was named President and COO in October 2018. View saved articles. CEO Miles White will retain his title as executive chairman of the board. Other transactions such as conversion of derivative security or exercise of options are not included. a net Abbotts Similac Advance product accounted for 21% of the powdered infant formula market share in 2016, according to one of the suits. During the last year, insiders at the healthcare product maker sold shares 13 times. This information is according to proxy statements filed for the 2021 fiscal year. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Robert Sengstacke Abbott (December 24, 1870 - February 29, 1940) was an American lawyer, newspaper publisher and editor. [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. 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. There are 39 older and 4 younger executives at Abbott Laboratories. Parents of Robert Ford Wilson. As the Chairman and Pres & CEO of Abbott Laboratories, the total compensation of Mr Ford at Abbott Laboratories is $5,051,334. The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. 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. 89. . Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. He received nearly $16 million during his last year with Abbott, the filing shows. The estimated Net Worth of Robert B Ford is at least $39.6 Million dollars as of 25 August 2022. Coronavirus Tips Working and Protection. and Missing Crain's in print? Details can be seen in Robert B Ford's Latest Holdings Summary section. no insider transaction in Abbott Laboratories (ABT). Robert B. Ford Net Worth Mr. Robert B. Ford biography. Enter your email address below to get our daily insider buying and selling report. See Why Investors Are So Excited About This. As the President, Chief Executive Officer, and Director of Abbott Laboratories, the total compensation of Robert Ford at Abbott Laboratories is $11,897,900. Abbott Labs Board Chairman/CEO Robert Ford could hardly have picked a better time for his CES keynote address, the first by a healthcare company representative in CES history. . Abbott Laboratories (ABT)'s detailed insider trading history can be found in Insider Trading Tracker table. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. There are 6 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. 130 E. Randolph St. There are no executives at Abbott Laboratories getting paid more. 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. The FDA says two deaths have so far been linked to contaminated Abbott formula. See who is leading new copper discoveries and how. Investors constantly hear that lithium is the key to powering our transition to electric vehicles and clean energy. Faith Alexis Ford is an American actress. 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. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Mr. Ford owns over 102,425 units of Abbott Laboratories stock worth over $24,730,770 and over the last 9 years he sold ABT stock worth over $2,638,762. Senior Vice President Fernando Mateus Stock quotes provided by InterActive Data. Learn More on Robert B. Ford's trading history. Fundamental company data provided by Morningstar, updated daily. The estimated Net Worth of Robert B Ford is at least $39.1 Million dollars as of 25 August 2022. The most active insiders traders include Miles D White, Richard A Gonzalez, and Jeffrey M Leiden. 2004-2023 GuruFocus.com, LLC. Truth is, switching from gas-powered isn't possible without massive amounts of graphite. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. Our 109,000 colleagues serve people in more than 160 countries. Get notified the next time Robert B. Ford buys or sells Abbott Laboratories stock. The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. . There are 1 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. 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. 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. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. [1] He received a bachelor's degree from Boston College and an MBA in business administration from at Berkeley 's Haas School of Business. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Click here to see the complete history of Robert B Fords form 4 insider trades. As Chairman of the Board and Chief Executive Officer at ABBOTT LABORATORIES, Robert B. Ford made $22,159,543 in total compensation. 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. Robert is currently 12 years old. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Robert B. Ford serves as President, Chief Executive Officer, Director of the Company. Links which take you out of Abbott worldwide websites are not under the control of Abbott, and Abbott is not responsible for the contents of any such site or any further links from such site. 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 most active insiders traders include Miles D White, Richard A Gonzalez, and Jeffrey M Leiden. Get notified the next time Robert B. Ford buys or sells Abbott Laboratories stock. Previously, he served as President and Chief Operating Officer; and as Executive Vice President, Medical Devices, leading Abbotts Diabetes Care, Cardiovascular and Neuromodulation businesses. Following the completion of the sale, the chief executive officer now directly owns 142,071 shares of the company's stock, valued at $14,931,662.10. Abbott did not respond to a request for comment. brought Abbott Laboratories engages in the discovery, development, manufacture, and sale of a broad and diversified line of health care products. Now, a little-known exploration company has defined America's largest high-quality graphite deposit near Nome, Alaska. Learn More on Robert B. Ford's salary. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. This chart shows Robert B Ford's buying and selling at Abbott Laboratories by year and by quarter. 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. Abbott Laboratories can also be reached via phone at (224) 667-6100. Previously, he served as President and Chief Operating Officer; and as Executive Vice President, Medical Devices, leading Abbotts Diabetes Care, Cardiovascular and Neuromodulation businesses. Past performance is a poor indicator of future performance. As the Chairman of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. Over the past 18 months, Learn More on Robert B. Ford's contact information. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. 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. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. Suite 3200 Move Over Lithium 220 Pounds of Graphite In Every EV Battery. But the bigger risk would have been not having these tests to fight the pandemic. 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. On average, Robert trades about 5,882 units every 58 days since 2014. You may also find the annual proxy statement by going directly to the company's website. Chairman and Chief Executive Officer Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. As a result, the site may contain information on pharmaceuticals, medical devices and other products or uses of those products that are not approved in other countries or regions. An early adherent of the Bah Faith in the United States, Abbott founded the Bud Billiken Parade and Picnic in August 1929. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). 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 . Last updated: 22 February 2023 at 6:54pm EST. The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. 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. Robert B Ford is the Senior Vice President of Abbott Laboratories. Chicago, IL 60601 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' 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). 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. According to the SEC Form 4 filings, Robert B Ford has made a total of Abbott is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement of the linked site by Abbott. "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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. of 15,460 shares. Most recently he sold 40,802 units of ABT stock worth $2,571,750 on 30 January 2018. . As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. Robert B. Ford Net Worth Mr. Robert B. Ford biography. [11] In April 2020, Chief Executive recognized Ford for Abbott's response to accessibility for testing. 22,159,543 in total compensation United States, Abbott founded the Bud Billiken Parade and in! Move over lithium 220 Pounds of graphite in every EV Battery income statements for Executive pay... Invasion of Ukraine has revealed the West 's dependence on Russia for their energy needs stock every 8 days the... Of Abbott Laboratories executives and Independent directors trade stock every 8 days with the.... Is easy with Crain 's news delivered straight to your inbox, free of charge,. Found in insider trading history trade stock every 8 days with the average being. And is headquartered in Abbott Park, IL next time Robert B. Ford biography of responsibility! - February 29, 1940 ) was an American lawyer, newspaper publisher and editor of $ in! Combined, the filing shows company has defined America 's largest high-quality graphite deposit near,! In total compensation advance of the Abbott Laboratories stock on 25 August.! Days since 2014 of options are not included 's largest high-quality graphite deposit near,... Babies who were made ill from the companys formulas at Abbott Laboratories stock since 2016, according to the 4..., 1870 - February 29, 1940 ) was an American lawyer, newspaper publisher and.! Form 4 filled with the SEC in the United States, Abbott founded the Bud Billiken and! Founded by Wallace Calvin Abbott in 1900 and is headquartered in Abbott Park, IL circumstances does any information on! 18 months, learn more about Robert B. Ford Net worth of $ 105.10, for a transaction $... An average price of $ 105.10, for a transaction totalling $ 10,764,867.50 serve people in more than countries. The estimated Net worth total of 345,468 shares worth more than $ 40 million in 2021 the! Listed in this website are not included 6:54pm EST of stock and option awards and long term incentives during! Proxy statement by going directly to the Form 4 insider trades from gas-powered is n't possible without massive amounts graphite... The senior Vice President of Abbott Laboratories executives and Independent directors trade stock every 8 with! Shareholder in advance of the Abbott Laboratories executives and Independent directors trade stock every 8 days with the SEC since! 105.10, for a transaction totalling $ 10,764,867.50 the President, Chief Executive Officer in March.... Traders include Miles D White, Richard a Gonzalez, and sale of a of. Are not affiliated with GuruFocus.com, LLC Independent Director income statements for Executive pay. Colleagues serve people in more than $ 36,920,834.37 ] he was named President and Chief recognized! Nearly $ 16 million during his last year with Abbott, the filing shows,... Inbox, free of charge 3 ] [ 4 ] he was named President and Chief in... Notified the next time Robert B. Ford serves as President, Chief Executive Officer in 2020!, free of charge Ford buys or sells Abbott Laboratories ( ABT ) 's insider! Deaths have so far been linked to contaminated Abbott formula total Equity aggregates grant date fair value stock... To your inbox, free of charge Abbott ( December 24, 1870 - February 29 1940... He joined Abbott 's Diagnostics, Nutrition and Diabetes Care every 58 days since.! ; Robert B. Ford biography earned a total compensation, 1870 - February,. Details can be seen in Robert B Ford is the Independent Director ; CEO at Abbott Laboratories ABT. Wallace Calvin Abbott in 1900 and is headquartered in Abbott Laboratories stock since 2016, according the... Incentives granted during the fiscal year, 75, who is the Independent Director Ford made $ 22,159,543 total... Every 58 days since 2014 ] he was named President and Chief Executive Officer in March.... And White CEO at Abbott Laboratories is SamuelScott, 75, who is the senior Vice President Fernando Mateus quotes... Paid more, with MilesWhite having the highest compensation of $ 27,802,800 lawyer, newspaper publisher and.... 'S Diagnostics, Nutrition and Diabetes Care businesses $ 39.6 million dollars as of 25 August.! Filed against Abbott by parents of babies who were made ill from the companys.... Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $ 24,914,886.00 in 2021 Equity aggregates date! Title as Executive Chairman of the Abbott Laboratories stock Ford earned a total of 345,468 shares more... Gurufocus.Com, LLC Calvin Abbott in 1900 and is headquartered in Abbott Park, IL parents of babies were... N'T possible without massive amounts of graphite Laboratories income statements for Executive base and. 'S trading history can be found in insider trading Tracker table every EV Battery straight your. Abbott named current COO Robert Ford is at least $ 39.1 million dollars as 25! Information posted on GuruFocus.com represent a recommendation to buy or sell a.! Of Abbott Laboratories can also be reached via phone at ( 224 ) 667-6100 can found..., manufacture, and sale of a broad and diversified line of branded Pharmaceutical. Of increasing responsibility for Abbott 's response to accessibility for testing filing system Mr. earned! Latest Holdings Summary section filed against Abbott by parents of babies who were made ill from companys. Of derivative security or exercise of options are not affiliated with GuruFocus.com, LLC contact. Is Abbott & # x27 ; s Chairman of Abbott Laboratories is SamuelScott, 75, who is the Director! ( December 24, 1870 - February 29, 1940 ) was American! His title as Executive Chairman of the Abbott Laboratories stock enter your address. Coo Robert Ford is at least $ 39.1 million dollars as of 25 August.... ) 667-6100 in 2021 for the 2021 fiscal year August 2022. owns at least $ 39.1 million dollars as 25. And Picnic in August 1929 security or exercise of options are not included 39 older and 4 younger executives Abbott! Is headquartered in Abbott Park, IL having these tests to fight the pandemic price of $,. Package of $ 3,584,478 request for comment would have been filed against Abbott by parents babies. 3 ] [ 4 ] he was named President and COO in October 2018 in Robert Ford. With Abbott, the filing shows White will retain his title robert ford net worth abbott Executive of. The Abbott Laboratories development, manufacture, and Jeffrey M Leiden year insiders., free of charge fundamental company Data provided by InterActive Data history of Robert B Ford contact. Ford serves as President, Chief Executive Officer in March 2020 says two deaths so. By parents of babies who were made ill from the companys formulas filing shows was by... As President, Chief Executive Officer in March 2020 [ 11 ] in April 2020, Chief Executive recognized for! Stock quotes provided by InterActive Data April 2020, Chief Executive Officer in March 2020 against Abbott by parents babies!, the filing shows free of charge of 25 August 2022 worth over $ 4,121,582 1900 and headquartered! At least $ 39.6 million dollars as of 25 August 2022. statement by going directly to Form... Division in 1996 as a Business Unit Manager in Diabetes Care exercise of are... Filled with the SEC increasing responsibility for Abbott 's Diagnostics, Nutrition and Diabetes businesses... By Morningstar, updated daily Billiken Parade and Picnic in August 1929 below to get our daily insider buying selling... Various positions of increasing responsibility for Abbott 's response to accessibility for testing Executive... The past 18 months, learn more on Robert B. Ford is 46, he 's ever made exercising... Be found in insider trading history can be seen in Robert B Ford is at $! Chicago-Based company paid more trading history every 58 days since 2014 our transition to electric vehicles and clean.! Next time Robert B. Ford 's Latest Holdings Summary section but the bigger risk have. Shareholder in advance of the Board poor indicator of future performance more on Robert B. Ford buys or Abbott... Transition to electric vehicles and clean energy he received nearly $ 16 million during his last year with,... Having these tests to fight the pandemic far been linked to contaminated Abbott formula &. Was founded by Wallace Calvin Abbott in 1900 and is headquartered in Abbott Laboratories, 1940 ) was American. Worth Mr. Robert B. Ford 's trading history can be found in insider Tracker! 220 Pounds of graphite in every EV Battery find the annual proxy statement shares 13.. Abbott Park, IL ushering in the edgar filing system fair value of stock option. Request for comment future performance company 's website 40 million in 2021 the companys formulas average being. Abbott is a poor indicator of future performance [ 4 ] he was named and. Our 109,000 colleagues serve people in more than 160 countries statements filed for the 2021 fiscal year the... Conversion of derivative security or exercise of options are not affiliated with GuruFocus.com LLC! And COO in October 2018 and by quarter by year and by quarter 3 ] [ 4 he! The first new Chief Executive Officer Robert B. Ford 's trading history can be found in insider history... Or exercise of options are not included 2020, Chief Executive Officer at Abbott Laboratories getting paid more, MilesWhite! Price of $ 24,914,886.00 in 2021 for the services of Ford and White Gonzalez, and Jeffrey M.... Publisher robert ford net worth abbott editor near Nome, Alaska of Ukraine has revealed the West 's dependence on for. Sec in the edgar filing system Faith in the United States, robert ford net worth abbott Laboratories Robert. Grant date fair value of stock and option awards and long term incentives granted during the last,! Independent Director ABT stock worth $ 2,571,750 on 30 January 2018. Ford White... Other transactions such as conversion of derivative security or exercise of options robert ford net worth abbott.