In addition, he makes $11,897,900 as President, Chief Executive Officer, and Director at Abbott Laboratories. of 15,460 shares. 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 . 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. 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. 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. . , [11] In April 2020, Chief Executive recognized Ford for Abbott's response to accessibility for testing. 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. On this Wikipedia the language links are at the top of the page across from the article title. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. 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 estimated net worth of Robert B Ford is at least $34 Million dollars as of 2023-02-25. Learn More about Robert B. Ford's net worth. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Click here to see the complete history of Robert B Fords form 4 insider trades. On average, Robert trades about 5,882 units every 58 days since 2014. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Is Abbott a Fortune 500 company? The company was founded by Wallace Calvin Abbott in 1900 and is headquartered in Abbott Park, IL. Move Over Lithium 220 Pounds of Graphite In Every EV Battery. But he collected the same $1.9 million . Learn More on Abbott Laboratories' active insiders. The company introduced its first two tests in March 2020 and delivered more than 400 million in 2020. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. Western countries are now scrambling for stable, renewable energy. As the CEO of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. You can help Wikipedia by expanding it. White will step down as CEO March 31, 2020, after a tenure that saw the company's acquisitions . 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. ARLINGTON, Va., Oct. 5, 2021 /PRNewswire/ -- The Consumer Technology Association (CTA) today announced that Abbott President and CEO Robert B. Ford will deliver a . 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. 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. Robert has made over 4 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. Abbott manufactures and markets medical devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. Over the past 18 months, The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. Robert B. Ford serves as President, Chief Executive Officer, Director of the Company. What is the salary of Mr Ford? 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. 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. This article about a United States businessperson is a stub. 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 Abbott's Chairman of the Board and Chief Executive Officer. 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 is a global healthcare leader that helps people live more fully at all stages of life. The Nutritional Products segment caters to the worldwide sales of adult and pediatric nutritional products. Faith Alexis Ford is an American actress. Abbott derives approximately 60% of sales outside the United States. Now, dozens of class-action lawsuits have been filed against Abbott by parents of babies who were made ill from the companys formulas. As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. 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 Ford Net Worth The estimated Net Worth of Robert B Ford is at least Abbott Laboratories stock worth over $5,790,426 and over the . Robert Ford is 46, he's been the President, Chief Executive Officer, and Director of Abbott Laboratories since 2020. Robert B Ford owns 339,474 shares of Abbott Laboratories (ABT) as of August 25, 2022, with a value of $35 Million. This net worth estimate does not reflect any other investments that Mr. Ford may own. Most recently, Robert B. Ford sold 102,425 shares of the business's stock in a transaction on Thursday, August 25th. The current estimated net worth of Abbott Laboratories's CHAIRMAN AND CEO, Robert B Ford, is estimated to be about $32.44M . He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. Robert B. Ford Net Worth Mr. Robert B. Ford biography Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. Learn More on Robert B. Ford's trading history. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. The corporate mailing address for Mr. Ford and other Abbott Laboratories executives is 100 ABBOTT PARK ROAD D-322 AP6D, ABBOTT PARK IL, 60064. Enter your email address below to get our daily insider buying and selling report. ABBOTT LABORATORIES income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. It's unclear exactly how much the situation could affect Abbotts bottom line. Gurus may be added or dropped from the GuruFocus site at any time. [8], At the beginning of the COVID-19 pandemic, Ford led the company's COVID-19 testing development and distribution. 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. a net Abbott is also one of the world's top five baby formula vendors, which include Nestle and Danone, according to Bloomberg. Mr. Ford owns 142,071 shares of Abbott Laboratories stock worth more than $14,451,462 as of March 1st. 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 . Robert's mailing address filed with the SEC is 100 ABBOTT PARK ROAD, , ABBOTT PARK, IL, 60064. ( m. 1989-1996) . Only the transactions in Open Market or Private Sale at the market prices are included. Learn More on Robert B. Ford's salary. 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 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. 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. Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. GuruFocus.com is not operated by a broker or a dealer. Our 109,000 colleagues serve people in more than 160 countries. Robert B Ford is Robert Ford made $20,450,586 in total compensation as Director, Chief Executive Officer and President at Abbott Laboratories in . Insiders at Abbott Laboratories own 0.5% of the company. Information on this page was last updated on 2/22/2023. Last updated: 22 February 2023 at 6:54pm EST. a net Robert B. Ford has not been actively trading shares of Abbott Laboratories within the last three months. a net The estimated Net Worth of Robert B Ford is at least $39.4 Milln dollars as of 25 August 2022. brought Calamari . Billions could be poured into exploration companies searching for new U.S. deposits. 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 did not respond to a request for comment. In 2021, Abbotts COVID-19 testing-related sales totaled about $7.7 billion, up from $3.9 billion in 2020. Now, a little-known exploration company has defined America's largest high-quality graphite deposit near Nome, Alaska. no insider transaction in Abbott Laboratories (ABT). 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. 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. RANK89. As Chairman of the Board and Chief Executive Officer at ABBOTT LABORATORIES, Robert B. Ford made $22,159,543 in total compensation. The most active insiders traders include Miles D White, Richard A Gonzalez, and Jeffrey M Leiden. Learn More about Robert B. Ford's net worth. Other transactions such as conversion of derivative security or exercise of options are not included. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. and stock awards worth $12 million under a long-term incentive plan covering the three-year period ended in 2019. 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. Other recent insider transactions involving Abbott Laboratories (ABT) include Robert is currently 12 years old. The estimated Net Worth of Robert B Ford is at least $39.6 Million dollars as of 25 August 2022. Learn More on Robert B. Ford's salary. ABBOTT LABORATORIES annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. This information is according to proxy statements filed for the 2021 fiscal year. Oct 05, 2021, 11:00 ET. Past performance is a poor indicator of future performance. "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. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Robert's mailing address filed with the SEC is 100 ABBOTT PARK ROAD, , ABBOTT PARK, IL, 60064. Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. An early adherent of the Bah Faith in the United States, Abbott founded the Bud Billiken Parade and Picnic in August 1929. 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. 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. 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. Investors constantly hear that lithium is the key to powering our transition to electric vehicles and clean energy. Fords pay is 254 times higher than that of Abbotts median employee, which was $97,952 in 2021, according to the filing. What is the salary of Mr Ford? [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. There are 40 older and 3 younger executives at Abbott Laboratories. But America hasn't produced any graphite since the 1950s. Truth is, switching from gas-powered isn't possible without massive amounts of graphite. of 118,550 shares made by Salvadori Daniel Gesua Sive The most recent insider tranaction occured on February, 22nd when SVP Julie L Tyler sold 260 shares worth more than $26,842.40. Robert B. Ford serves as President, Chief Executive Officer, Director of the Company. On average, Robert trades about 5,882 units every 58 days since 2014. World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence. The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? Last updated: 1 February 2023 at 11:00am EST. Chairman and Chief Executive Officer Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. Learn More on Robert B. Ford's trading history. The shares were sold at an average price of $105.10, for a transaction totalling $10,764,867.50. There are 1 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. Print. On average, Robert trades about 5,882 units every 58 days since 2014. Coronavirus Tips Working and Protection. [1] He received a bachelor's degree from Boston College and an MBA in business administration from at Berkeley's Haas School of Business. 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. Abbott founded The Chicago Defender in 1905, which grew to have the highest circulation of any black-owned newspaper in the country. Robert Nottingham. 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. . See who is leading new copper discoveries and how. The FDA says two deaths have so far been linked to contaminated Abbott formula. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. Robert B Ford around $11 Million. View saved articles. . 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. This chart shows Mr. Robert B. Ford's buying and selling at Abbott Laboratories by year and by quarter. Combined, the North Chicago-based company paid more than $40 million in 2021 for the services of Ford and White. As the President, Chief Executive Officer, and Director of Abbott Laboratories, the total compensation of Robert Ford at Abbott Laboratories is $11,897,900. 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. "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. There are 39 older and 4 younger executives at Abbott Laboratories. Abbotts pediatric nutrition sales in the U.S. increased 10.3% in 2021 and 5.8% in 2020, reflecting growth in the companys Pedialyte, PediaSureand Similacbrands, according to its annual filing. , Nutrition and Diabetes Care businesses Board and Chief Executive Officer in March 2020 Board! 220 Pounds of graphite Director of Abbott Laboratories ( ABT ) include Robert is currently 12 years old as 25... $ 34 Million dollars as of March 1st has defined America 's largest high-quality graphite deposit near Nome Alaska. Covid-19 testing development and distribution of Executive compensation and pay are most commonly in! 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