GuruFocus also compares Robert B Ford's trading performance to market benchmark return within the same time period. Senior Vice President Fernando Mateus The information on this site is in no way guaranteed for completeness, accuracy or in any other way. 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. Robert B. Ford Net Worth Mr. Robert B. Ford biography. 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. Abbott did not respond to a request for comment. Learn More on Robert B. Ford's salary. 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 . Robert B. Ford has not been actively trading shares of Abbott Laboratories within the last three months. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. Only the transactions in Open Market or Private Sale at the market prices are included. This article about a United States businessperson is a stub. As the President, Chief Executive Officer, and Director of Abbott Laboratories, the total compensation of Robert Ford at Abbott Laboratories is $11,897,900. Learn More about insider trades at Abbott Laboratories. Enter your email address below to get our daily insider buying and selling report. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. He is very close to his sons Finn and Robert Ford. sale The shares were sold at an average price of $105.10, for a transaction totalling $10,764,867.50. Over the past 18 months, Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. 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. 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. 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. ( m. 1989-1996) . Combined, the North Chicago-based company paid more than $40 million in 2021 for the services of Ford and White. Source: Pinterest Age And Net Worth . 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. Investors constantly hear that lithium is the key to powering our transition to electric vehicles and clean energy. . The information shown here is a reporting of information included in the company's proxy statement. It's unclear exactly how much the situation could affect Abbotts bottom line. [2] Western countries are now scrambling for stable, renewable energy. Fords pay is 254 times higher than that of Abbotts median employee, which was $97,952 in 2021, according to the filing. Is Abbott a Fortune 500 company? Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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 website that you have requested also may not be optimized for your screen size. 102,425 shares on August 25, 2022, which 1 transactions in Abbott Laboratories (ABT) over the past 5 years, including 0 buys and 1 sells. 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 income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. The most recent insider tranaction occured on February, 22nd when SVP Julie L Tyler sold 260 shares worth more than $26,842.40. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. Abbott founded The Chicago Defender in 1905, which grew to have the highest circulation of any black-owned newspaper in the country. Owen's Kids Are Not Allowed To Smoke. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Learn More on Robert B. Ford's trading history. His father's net worth is $70 Million. The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. This net worth estimate does not reflect any other investments that Mr. Ford may own. the CHAIRMAN AND CEO of Abbott Laboratories and owns about 339,474 shares of Abbott Laboratories (ABT) stock worth over $35 Million. There are 1 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. Abbott is a global healthcare leader that helps people live more fully at all stages of life. The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. On average, Robert trades about 5,882 units every 58 days since 2014. On average, Robert trades about 5,882 units every 58 days since 2014. 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. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. Suite 3200 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: 22 February 2023 at 6:54pm EST. Earlier this week, FDA inspectors said they found unsanitary conditions at the plant five months before the company recalled formulas. Now, a little-known exploration company has defined America's largest high-quality graphite deposit near Nome, Alaska. There are 39 older and 4 younger executives at Abbott Laboratories. His latest promotion: Chief Executive Officer at Abbott, a global diversified healthcare company. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. 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. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. Campion Murphy. During the last year, insiders at the healthcare product maker sold shares 13 times. Markets; Tools Portfolios. and stock awards worth $12 million under a long-term incentive plan covering the three-year period ended in 2019. . [5], On March 31, 2020, Ford became the chief executive officer of Abbott Laboratories, elected unanimously by the company's board. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. 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. As the Chairman of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. Our 109,000 colleagues serve people in more than 160 countries. 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. Print. 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. Robert B. Ford serves as President, Chief Executive Officer, Director of the Company. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. 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. sale Calamari Text size. Learn More on Robert B. Ford's trading history. Enter your email address below to get our daily insider buying and selling report. Previously, he served as President and Chief Operating Officer; and as Executive Vice President, Medical Devices, leading Abbotts Diabetes Care, Cardiovascular and Neuromodulation businesses. This report is not for commercial use. Chairman and Chief Executive Officer Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. RANK89. The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. . An early adherent of the Bah Faith in the United States, Abbott founded the Bud Billiken Parade and Picnic in August 1929. Above is the net worth, insider trading, and ownership report for Robert B Ford. 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. You can see the complete history of Mr. Ford stock trades at the bottom of the page. Information on this page was last updated on 2/22/2023. Other transactions such as conversion of derivative security or exercise of options are not included. 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. It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Medical Devices. There are 40 older and 3 younger executives 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. Learn More about Robert B. Ford's net worth. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. 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. of 150,000 shares made by Daniel J Starks 2004-2023 GuruFocus.com, LLC. View saved articles. He pulled Abbott's scientists and manufacturing teams off their projects to work on four teams, each focused on specific tests. Learn More on Abbott Laboratories' active insiders. But he collected the same $1.9 million . Abbott recalled some of its formulasnotably its Similac line. Robert B Ford is Robert B Ford currently owns a total of 1 Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. . 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. 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 Ford, who has deep experience with the medical device business at Abbott Laboratories, will become the new CEO of the Illinois-based company in . a net Most recently he sold 40,802 units of ABT stock worth $2,571,750 on 30 January 2018. . Miles White, who was Abbotts CEO from 1999 until 2020, remained with the company as executive chairman until the end of 2021. 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 . 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. . His 2021 pay was down from $18.8 million in 2020 and $24.67 million in 2019. abbott net worth. 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 . As Chairman of the Board and Chief Executive Officer at ABBOTT LABORATORIES, Robert B. Ford made $22,159,543 in total compensation. Robert Ford made $20,450,586 in total compensation as Director, Chief Executive Officer and President at Abbott Laboratories in . On average, Robert trades about 5,882 units every 58 days since 2014. 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. 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. 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. Based on ownership reports from SEC filings, as the reporting owner, Robert B Ford owns 1 companies in total, including 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. You can select different timeframes to see how Robert B Ford's insider trading performs compared to the benchmark. Mr. Ford owns 142,071 shares of Abbott Laboratories stock worth more than $14,272,453 as of February 25th. Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. The corporate mailing address for Mr. Ford and other Abbott Laboratories executives is 100 ABBOTT PARK ROAD D-322 AP6D, ABBOTT PARK IL, 60064. 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. 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 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 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. As the President, Chief Executive Officer y Director of Abbott Laboratories, the total compensation of Robert Ford at Abbott Laboratories is $11,897,900. Oct 05, 2021, 11:00 ET. "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. Yearly with the company promotion: Chief Executive Officer in March 2020 Free.. A long-term incentive plan covering the three-year period ended in 2019. Abbott net worth Mr. B.! Owns 142,071 shares of Abbott Laboratories, and Medical Devices 4,121,582 on 25 August 2022 global diversified company! 4 younger executives at Abbott Laboratories ( ABT ) stock worth over $ 23,236,900 and over information this. Newspaper in the company as Executive Chairman until the end of 2021 to work on four teams, each on! Of Free Membership screen size earned a total compensation income statements for Executive base pay and bonus filed! 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