In summary, during the past 3 months, insiders sold 15,460 shares of Abbott Laboratories (ABT) in total and bought 0 shares, with a net Robert Ford is 46, he's been the President, Chief Executive Officer, and Director of Abbott Laboratories since 2020. Coronavirus Tips Working and Protection. of 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. Information on this page was last updated on 2/22/2023. The companys total net sales increased nearly 25% from 2020 to 2021, reflecting volume growth across all of Abbotts segments, according to the companys annual SEC filing. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. 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. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. 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. 1 transactions in Abbott Laboratories (ABT) over the past 5 years, including 0 buys and 1 sells. Our 109,000 colleagues serve people in more than 160 countries. Abbott Laboratories (ABT) Learn More on Abbott Laboratories' active insiders. They sold a total of 345,468 shares worth more than $36,920,834.37. ARLINGTON, Va., Oct. 5, 2021 /PRNewswire/ -- The Consumer Technology Association (CTA) today announced that Abbott President and CEO Robert B. Ford will deliver a . The most active insiders traders include Miles D White, Richard A Gonzalez, and Jeffrey M Leiden. "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. [8], At the beginning of the COVID-19 pandemic, Ford led the company's COVID-19 testing development and distribution. Investors constantly hear that lithium is the key to powering our transition to electric vehicles and clean energy. As the Chairman of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. 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. [12], On December 10, 2021, Ford was elected as chairman of the board for Abbott.[13]. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Miles White, who was Abbotts CEO from 1999 until 2020, remained with the company as executive chairman until the end of 2021. You can see the complete history of Mr. Ford stock trades at the bottom of the page. Chicago, IL 60601 The estimated net worth of Robert B Ford is at least $34 Million dollars as of 2023-02-25. Learn More on Robert B. Ford's contact information. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Click here to see the complete history of Robert B Fords form 4 insider trades. It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Medical Devices. 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. [1] He received a bachelor's degree from Boston College and an MBA in business administration from at Berkeley's Haas School of Business. Learn More on Robert B. Ford's contact information. Abbott named current COO Robert Ford its new CEO Wednesday, ushering in the first new chief executive in 21 years. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. Mr. Ford owns 142,071 shares of Abbott Laboratories stock worth more than $14,272,453 as of February 25th. Abbott manufactures and markets medical devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. 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 . Robert Ford, who has deep experience with the medical device business at Abbott Laboratories, will become the new CEO of the Illinois-based company in . 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 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. 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). sale His father's net worth is $70 Million. 102,425 shares on August 25, 2022, which Only the transactions in Open Market or Private Sale at the market prices are included. Our 109,000 colleagues serve people in more than 160 countries. This investment adviser does not provide advice to individual investors. 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 oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. Robert Ford, left, and Miles White. Suite 3200 His latest promotion: Chief Executive Officer at Abbott, a global diversified healthcare company. , Robert Ford is 46, he's been the President, Chief Executive Officer y Director of Abbott Laboratories since 2020. As the CEO of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. During the last year, insiders at the healthcare product maker sold shares 13 times. Learn More about insider trades at Abbott Laboratories. Oct 05, 2021, 11:00 ET. Truth is, switching from gas-powered isn't possible without massive amounts of graphite. Abbott is also one of the world's top five baby formula vendors, which include Nestle and Danone, according to Bloomberg. Fords base compensation was $1.48 million, up from $1.29 million in 2020. On average, Robert trades about 5,882 units every 58 days since 2014. Owen is the father of three children two sons and a daughter. Fords pay is 254 times higher than that of Abbotts median employee, which was $97,952 in 2021, according to the filing. 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. of 15,460 shares. The company was founded by Wallace Calvin Abbott in 1900 and is headquartered in Abbott Park, IL. [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. #HealthyReturns" sale Robert Ford Net Worth The estimated Net Worth of Robert B Ford is at least $41.4 Million dollars as of 25 August 2022. Click below to see everything we have to offer. 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. 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 . . 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. In 2021, Abbotts COVID-19 testing-related sales totaled about $7.7 billion, up from $3.9 billion in 2020. The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. To be detailed, the average return of stocks after 3 months bought by Robert B Ford is 15.4%. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. brought He pulled Abbott's scientists and manufacturing teams off their projects to work on four teams, each focused on specific tests. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. of 150,000 shares made by Daniel J Starks 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. Our 109,000 colleagues serve people in more than 160 countries. . Abbott did not respond to a request for comment. This net worth estimate does not reflect any other investments that Mr. Ford may own. 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). Abbott is a global healthcare leader that helps people live more fully at all stages of life. Information on this page was last updated on 2/22/2023. See who is leading new copper discoveries and how. Get notified the next time Robert B. Ford buys or sells Abbott Laboratories stock. In addition, he makes $11,897,900 as President, Chief Executive Officer, and Director at Abbott Laboratories. Learn More on Abbott Laboratories' active insiders. Details can be seen in Robert B Ford's Latest Holdings Summary section. The most active insiders traders include Miles D White, Richard A Gonzalez y Jeffrey M Leiden. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Robert B. Ford has not been actively trading shares of Abbott Laboratories within the last three months. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. 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. Enjoy a 7-Day Free Trial Thru Mar 08, 2023! 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. 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 1 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. Robert's mailing address filed with the SEC is 100 ABBOTT PARK ROAD, , ABBOTT PARK, IL, 60064. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. The estimated Net Worth of Robert B Ford is at least $39.6 Million dollars as of 25 August 2022. The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. Last updated: 22 February 2023 at 6:54pm EST. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. ( m. 1998) . Learn More about Robert B. Ford's net worth. It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Medical Devices. 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 leveled up on this year's Fortune 500 list, leaping from last year's rank of 104 to No. Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. 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