There are 40 older and 3 younger executives at Abbott Laboratories. Enter your email address below to get our daily insider buying and selling report. the total compensation of Mr Ford at Abbott Laboratories is $5,051,334. Parents of Robert Ford Wilson. , All proxy statements are public filings made available to the general public by the SEC. His 2021 pay was down from $18.8 million in 2020 and $24.67 million in 2019. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. He received nearly $16 million during his last year with Abbott, the filing shows. "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 CHAIRMAN AND CEO of Abbott Laboratories and owns about 339,474 shares of Abbott Laboratories (ABT) stock worth over $35 Million. Chart Data in Insider Trading History Table. of 64,956 shares made by Andrea F Wainer Russia Ignites West's Battle for Energy Independence. Insiders are limited to only officers and/or directors of the company. Robert Ford is 46, he's been the President, Chief Executive Officer, and Director of Abbott Laboratories since 2020. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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. Abbott manufactures and markets medical devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. Text size. Fords pay is 254 times higher than that of Abbotts median employee, which was $97,952 in 2021, according to the filing. World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence. Robert has made over 4 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. White will step down as CEO March 31, 2020, after a tenure that saw the company's acquisitions . 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. Abbott recalled some of its formulasnotably its Similac line. Click here to see the complete history of Robert B Fords form 4 insider trades. Transaction Summary of Robert B Ford On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. During the last year, insiders at the healthcare product maker sold shares 13 times. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. . 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. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. . The Most Powerful Women In Chicago Business. Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. 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. The most active insiders traders include Miles D White, Richard A Gonzalez, and Jeffrey M Leiden. Last updated: 22 February 2023 at 6:54pm EST. 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. of 118,550 shares made by Salvadori Daniel Gesua Sive Robert Ford made $20,450,586 in total compensation as Director, Chief Executive Officer and President at Abbott Laboratories in . This investment adviser does not provide advice to individual investors. . Click here to get the full experience on your screen. The most active insiders traders include Miles D White, Richard A Gonzalez y Jeffrey M Leiden. [8], At the beginning of the COVID-19 pandemic, Ford led the company's COVID-19 testing development and distribution. Learn More on Robert B. Ford's trading history. Senior Vice President Fernando Mateus Learn More on Robert B. Ford's trading history. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Learn More on Robert B. Ford's contact information. As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. Abbott Laboratories can also be reached via phone at (224) 667-6100. He pulled Abbott's scientists and manufacturing teams off their projects to work on four teams, each focused on specific tests. In addition, he makes $11,897,900 as President, Chief Executive Officer, and Director at Abbott Laboratories. Robert B Ford currently owns a total of 1 Robert B Ford around $11 Million. 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. Previously, he served as President and Chief Operating Officer; and as Executive Vice President, Medical Devices, leading Abbotts Diabetes Care, Cardiovascular and Neuromodulation businesses. The estimated net worth of Robert B. Ford is at least $14.45 million as of August 25th, 2022. The estimated Net Worth of Robert B Ford is at least $39.4 Milln dollars as of 25 August 2022. Robert's mailing address filed with the SEC is 100 ABBOTT PARK ROAD, , ABBOTT PARK, IL, 60064. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. . This net worth estimate does not reflect any other investments that Mr. Ford may own. RANK89. See who is leading new copper discoveries and how. Robert B. Ford is the Chairman, Pres & CEO 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. Owen is the father of three children two sons and a daughter. The most recent insider tranaction occured on February, 22nd when SVP Julie L Tyler sold 260 shares worth more than $26,842.40. Robert Nottingham. What is Robert B. Ford's salary? Learn More on Robert B. Ford's contact information. The company was founded by Wallace Calvin Abbott in 1900 and is headquartered in Abbott Park, IL. 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. You may also find the annual proxy statement by going directly to the company's website. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Learn More about Robert B. Ford's net worth. and The shares were sold at an average price of $105.10, for a transaction totalling $10,764,867.50. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. It's unclear exactly how much the situation could affect Abbotts bottom line. Learn More on Robert B. Ford's trading history. 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 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. Robert B. Ford serves as President, Chief Executive Officer, Director of the Company. In 2021, Abbotts COVID-19 testing-related sales totaled about $7.7 billion, up from $3.9 billion in 2020. . Only the transactions in Open Market or Private Sale at the market prices are included. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. There are 6 executives at Abbott Laboratories getting paid more, . The Established Pharmaceutical Products segment refers to the international sales of a line of branded generic pharmaceutical products. The Established Pharmaceutical Products segment refers to the international sales of a line of branded generic pharmaceutical products. Now, dozens of class-action lawsuits have been filed against Abbott by parents of babies who were made ill from the companys formulas. The corporate mailing address for Mr. Ford and other Abbott Laboratories executives is 100 ABBOTT PARK ROAD D-322 AP6D, ABBOTT PARK IL, 60064. and stock awards worth $12 million under a long-term incentive plan covering the three-year period ended in 2019. [1] He received a bachelor's degree from Boston College and an MBA in business administration from at Berkeley 's Haas School of Business. [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. 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. Mr. Ford owns over 102,425 units of Abbott Laboratories stock worth over $24,562,068 and over the last 9 years he sold ABT stock worth over $2,638,762. 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. 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. Last updated: 1 February 2023 at 11:00am EST. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. You can see the complete history of Mr. Ford stock trades at the bottom of the page. An early adherent of the Bah Faith in the United States, Abbott founded the Bud Billiken Parade and Picnic in August 1929. How much does Robert Ford of Abbott make? Robert B Ford is the Senior Vice President of Abbott Laboratories. Abbott named current COO Robert Ford its new CEO Wednesday, ushering in the first new chief executive in 21 years. of Now, a little-known exploration company has defined America's largest high-quality graphite deposit near Nome, Alaska. But he collected the same $1.9 million . The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Chairman and Chief Executive Officer Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. Gurus may be added or dropped from the GuruFocus site at any time. . Learn More about insider trades at Abbott Laboratories. Based on ownership reports from SEC filings, as the reporting owner, Robert B Ford owns 1 companies in total, including Insiders at Abbott Laboratories own 0.5% of the company. 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. Fords base compensation was $1.48 million, up from $1.29 million in 2020. 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. They sold a total of 345,468 shares worth more than $36,920,834.37. The most-recent trade in Abbott Laboratories is the The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. , Other recent insider transactions involving Abbott Laboratories (ABT) include Abbott derives approximately 60% of sales outside the United States. As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. 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. 89. . Insiders at Abbott Laboratories own 0.5% of the company. Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. Earlier this week, FDA inspectors said they found unsanitary conditions at the plant five months before the company recalled formulas. 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 . The most active insiders traders include Miles D White, Richard A Gonzalez, and Jeffrey M Leiden. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. stock. ( m. 1998) . . 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. Billions could be poured into exploration companies searching for new U.S. deposits. Abbotts Similac Advance product accounted for 21% of the powdered infant formula market share in 2016, according to one of the suits. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. [11] In April 2020, Chief Executive recognized Ford for Abbott's response to accessibility for testing. 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. Abbott Laboratories can also be reached via phone at (224) 667-6100. On average, Robert trades about 5,882 units every 58 days since 2014. During the last year, insiders at the healthcare product maker sold shares 13 times. Robert is currently 12 years old. [5], On March 31, 2020, Ford became the chief executive officer of Abbott Laboratories, elected unanimously by the company's board. 1 transactions in Abbott Laboratories (ABT) over the past 5 years, including 0 buys and 1 sells. On average, Robert trades about 5,882 units every 58 days since 2014. GuruFocus also compares Robert B Ford's trading performance to market benchmark return within the same time period. Chicago, Illinois Robert Ford's listing in the Class of 2015 student directory identified him as vice president, Abbott Diabetes Care. The estimated Net Worth of Robert B Ford is at least $39.6 Million dollars as of 25 August 2022. 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. , As the Chairman of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. In addition, he makes $11,897,900 as President, Chief Executive Officer, and Director at Abbott Laboratories. sale Move Over Lithium 220 Pounds of Graphite In Every EV Battery. 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. Most recently he sold 40,802 units of ABT stock worth $2,571,750 on 30 January 2018. . 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. Abbott did not respond to a request for comment. As the Chairman and Pres & CEO of Abbott Laboratories, the total compensation of Mr Ford at Abbott Laboratories is $5,051,334. There are no executives at Abbott Laboratories getting paid more. Is Abbott a Fortune 500 company? As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. 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. Within two months, he had erased the "vice" to become president of the division. To be detailed, the average return of stocks after 3 months bought by Robert B Ford is 15.4%. Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. Campion Murphy. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. 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). sale The estimated Net Worth of Robert B Ford is at least $39.3 Million dollars as of 25 August 2022. The current estimated net worth of Abbott Laboratories's CHAIRMAN AND CEO, Robert B Ford, is estimated to be about $32.44M . 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. Abbott is also one of the world's top five baby formula vendors, which include Nestle and Danone, according to Bloomberg. 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 . 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. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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 He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. of 15,460 shares. 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. Abbott Laboratories (ABT)'s detailed insider trading history can be found in Insider Trading Tracker table. [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.

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