Abbott is also one of the world's top five baby formula vendors, which include Nestle and Danone, according to Bloomberg. Over the past 18 months, . As the Chairman of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. Learn More on Robert B. Ford's contact information. Abbott Laboratories (ABT) The Nutritional Products segment caters to the worldwide sales of adult and pediatric nutritional products. Learn More on Robert B. Ford's salary. Robert is currently 12 years old. There are no executives at Abbott Laboratories getting paid more. Learn More on Robert B. Ford's contact information. 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. The corporate mailing address for Mr. Ford and other Abbott Laboratories executives is 100 ABBOTT PARK ROAD D-322 AP6D, ABBOTT PARK IL, 60064. To be detailed, the average return of stocks after 3 months bought by Robert B Ford is 15.4%. [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. [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. Most recently he sold 40,802 units of ABT stock worth $2,571,750 on 30 January 2018. . They sold a total of 345,468 shares worth more than $36,920,834.37. 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 net 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. Senior Vice President Fernando Mateus The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Missing Crain's in print? 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. 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 , Investors constantly hear that lithium is the key to powering our transition to electric vehicles and clean energy. Ford arrived with Abbott having gathered no less than five CES 2022 Innovation Awards and also in the wake of the company's heady 2021 year of achievement, which included FDA approvals for its innovations and, not . the total compensation of Mr Ford at Abbott Laboratories is $5,051,334. 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. Abbott manufactures and markets medical devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. [8], At the beginning of the COVID-19 pandemic, Ford led the company's COVID-19 testing development and distribution. The current estimated net worth of Abbott Laboratories's CHAIRMAN AND CEO, Robert B Ford, is estimated to be about $32.44M . ( m. 1998) . As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. 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 serves as President, Chief Executive Officer, Director of the Company. Past performance is a poor indicator of future performance. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. 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 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. 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 . Our 109,000 colleagues serve people in more than 160 countries. Chart Data in Insider Trading History Table. 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. There are 6 executives at Abbott Laboratories getting paid more, . 130 E. Randolph St. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? Abbott is a global healthcare leader that helps people live more fully at all stages of life. The performance of stocks bought by Robert B Ford within 3 months outperforms 1 times out of 1 transactions in total compared to the return of S&P 500 within the same period. They sold a total of 345,468 shares worth more than $36,920,834.37. Source: Pinterest Age And Net Worth . . . [3][4] He was named President and COO in October 2018. 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. Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Parents of Robert Ford Wilson. 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. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. Chairman of the Board and Chief Executive Officer. 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. Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. Robert B Ford currently owns a total of 1 Combined, the North Chicago-based company paid more than $40 million in 2021 for the services of Ford and White. The shares were sold at an average price of $105.10, for a transaction totalling $10,764,867.50. sale Fords base compensation was $1.48 million, up from $1.29 million in 2020. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. Learn More on Robert B. Ford's salary. 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. 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 recalled some of its formulasnotably its Similac line. 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. SENIOR VICE PRESIDENT Christopher J. Click here to get the full experience on your screen. This net worth estimate does not reflect any other investments that Mr. Ford may own. This investment adviser does not provide advice to individual investors. You can select different timeframes to see how Robert B Ford's insider trading performs compared to the benchmark. . It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Medical Devices. In 2021, Abbotts COVID-19 testing-related sales totaled about $7.7 billion, up from $3.9 billion in 2020. 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 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. He received nearly $16 million during his last year with Abbott, the filing shows. 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). The Most Powerful Women In Chicago Business. 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 the Chairman of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. Information on this page was last updated on 2/22/2023. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. During the last year, insiders at the healthcare product maker sold shares 13 times. But he collected the same $1.9 million . Thorough reviews have been conducted to assure this data accurately reflects disclosures. CEO Miles White will retain his title as executive chairman of the board. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. Enter your email address below to get our daily insider buying and selling report. Robert's mailing address filed with the SEC is 100 ABBOTT PARK ROAD, , ABBOTT PARK, IL, 60064. Robert Ford Net Worth The estimated Net Worth of Robert B Ford is at least $41.4 Million dollars as of 25 August 2022. The website you have requested also may not be optimized for your specific screen size. He will become the 13th CEO in the company's 131-year history. All proxy statements are public filings made available to the general public by the SEC. Abbott Laboratories engages in the discovery, development, manufacture, and sale of a broad and diversified line of health care products. His father's net worth is $70 Million. As Chairman of the Board and Chief Executive Officer at ABBOTT LABORATORIES, Robert B. Ford made $22,159,543 in total compensation. [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. 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