Russia Ignites West's Battle for Energy Independence. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. . Chairman and Chief Executive Officer Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. a net 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. His latest promotion: Chief Executive Officer at Abbott, a global diversified healthcare company. 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 around $11 Million. The current estimated net worth of Abbott Laboratories's CHAIRMAN AND CEO, Robert B Ford, is estimated to be about $32.44M . World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence. 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 Chairman and Pres & CEO of Abbott Laboratories, the total compensation of Mr Ford at Abbott Laboratories is $5,051,334. But the bigger risk would have been not having these tests to fight the pandemic. 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. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. Abbott Laboratories can also be reached via phone at (224) 667-6100. 89. . Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. GuruFocus also compares Robert B Ford's trading performance to market benchmark return within the same time period. sale [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. Fords base compensation was $1.48 million, up from $1.29 million in 2020. Learn More about Robert B. Ford's net worth. 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. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. of 15,460 shares. Abbott Laboratories CEO Robert Ford received a $4.5 million raise last year as the medical device company saw sales surge amid rising demand for its COVID-19 BinaxNOW tests. As Chairman of the Board and Chief Executive Officer at ABBOTT LABORATORIES, Robert B. Ford made $22,159,543 in total compensation. Click here to see the complete history of Robert B Fords form 4 insider trades. 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. 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. Other key executives at Abbott Laboratories include Learn More on Abbott Laboratories' active insiders. 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 It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Medical Devices. [1] He received a bachelor's degree from Boston College and an MBA in business administration from at Berkeley 's Haas School of Business. On average, Robert trades about 5,882 units every 58 days since 2014. Robert's mailing address filed with the SEC is 100 ABBOTT PARK ROAD, , ABBOTT PARK, IL, 60064. Learn More on Robert B. Ford's contact information. In addition, he makes $11,897,900 as President, Chief Executive Officer, and Director at Abbott Laboratories. As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. Last updated: 1 February 2023 at 11:00am EST. Text size. Markets; Tools Portfolios. 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 most-recent trade in Abbott Laboratories is the 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. Most recently, Robert B. Ford sold 102,425 shares of the business's stock in a transaction on Thursday, August 25th. ( m. 1989-1996) . Abbott manufactures and markets medical devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. Investors constantly hear that lithium is the key to powering our transition to electric vehicles and clean energy. Learn More on Robert B. Ford's trading history. The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. 130 E. Randolph St. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. of Abbott is a global healthcare leader that helps people live more fully at all stages of life. Over the past 18 months, Last updated: 22 February 2023 at 6:54pm EST. Thorough reviews have been conducted to assure this data accurately reflects disclosures. This investment adviser does not provide advice to individual investors. The website you have requested also may not be optimized for your specific screen size. You can see the complete history of Mr. Ford stock trades at the bottom of the page. Owen is the father of three children two sons and a daughter. Abbott founded The Chicago Defender in 1905, which grew to have the highest circulation of any black-owned newspaper in the country. According to the SEC Form 4 filings, Robert B Ford has made a total of Combined, the North Chicago-based company paid more than $40 million in 2021 for the services of Ford and White. 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. GuruFocus.com is not operated by a broker or a dealer. See Why Investors Are So Excited About This. Robert is currently 12 years old. Above is the net worth, insider trading, and ownership report for Robert B Ford. The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. She is known for her roles as Corky Sherwood on the CBS sitcom Murphy Brown, for which she received five Primetime Emmy Award nominations, [1] and as Hope Shanowski on the ABC sitcom Hope & Faith . The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. But he collected the same $1.9 million . 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. Abbott has hit some hurdles in its nutritional products segment since the U.S. Food & Drug Administration and the U.S. Centers for Disease Control & Prevention opened an investigation in February into the companys production of baby powder formulas at a Sturgis, Mich., manufacturing plant. "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. 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. 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. 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 . . The FDA says two deaths have so far been linked to contaminated Abbott formula. As the President, Chief Executive Officer, and Director of Abbott Laboratories, the total compensation of Robert Ford at Abbott Laboratories is $11,897,900. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. [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. Robert has made over 4 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. [1] He received a bachelor's degree from Boston College and an MBA in business administration from at Berkeley's Haas School of Business. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. 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. Faith Alexis Ford is an American actress. . Robert B. Ford serves as President, Chief Executive Officer, Director of the Company. 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 . 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. Stock quotes provided by InterActive Data. RANK89. Information on this page was last updated on 2/22/2023. Chart Data in Insider Trading History Table. As the Chairman and Pres & CEO of Abbott Laboratories, the total compensation of Mr Ford at Abbott Laboratories is $5,051,334. Now, a little-known exploration company has defined America's largest high-quality graphite deposit near Nome, Alaska. But America hasn't produced any graphite since the 1950s. Learn More on Robert B. Ford's trading history. The estimated net worth of Robert B. Ford is at least $14.45 million as of August 25th, 2022. Robert B. Ford Net Worth Mr. Robert B. Ford biography. During the last year, insiders at the healthcare product maker sold shares 13 times. 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 most recent stock trade was executed by Julie L. Tyler on 17 February 2023, trading 260 units of ABT stock currently worth $26,842. Last updated: 22 February 2023 at 6:54pm EST. 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. Enter your email address below to get our daily insider buying and selling report. Abbott is a global healthcare leader that helps people live more fully at all stages of life. Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. 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. . It's unclear exactly how much the situation could affect Abbotts bottom line. 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. . , He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. [5], On March 31, 2020, Ford became the chief executive officer of Abbott Laboratories, elected unanimously by the company's board. 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. The Nutritional Products segment caters to the worldwide sales of adult and pediatric nutritional products. Billions could be poured into exploration companies searching for new U.S. deposits. Abbott recalled some of its formulasnotably its Similac line. 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. 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. 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. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. . Robert B Ford is 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. Coronavirus Tips Working and Protection. 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. As the President, Chief Executive Officer, and Director of Abbott Laboratories, the total compensation of Robert Ford at Abbott Laboratories is $11,897,900. Print. 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 CHAIRMAN AND CEO of Abbott Laboratories and owns about 339,474 shares of Abbott Laboratories (ABT) stock worth over $35 Million. Western countries are now scrambling for stable, renewable energy. Robert B. Ford serves as President, Chief Executive Officer, Director of the Company. [2] Robert Ford is 46, he's been the President, Chief Executive Officer y Director of Abbott Laboratories since 2020. Insiders are limited to only officers and/or directors of the company. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? Abbott named current COO Robert Ford its new CEO Wednesday, ushering in the first new chief executive in 21 years. This net worth estimate does not reflect any other investments that Mr. Ford may own. Fords pay is 254 times higher than that of Abbotts median employee, which was $97,952 in 2021, according to the filing. 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. Billions could be poured into exploration companies searching for new U.S. deposits. Links which take you out of Abbott worldwide websites are not under the control of Abbott, and Abbott is not responsible for the contents of any such site or any further links from such site. They sold a total of 345,468 shares worth more than $36,920,834.37. As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. Is Abbott a Fortune 500 company? Truth is, switching from gas-powered isn't possible without massive amounts of graphite. 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 estimated net worth of Robert B Ford is at least $34 Million dollars as of 2023-02-25. Mr. Ford owns 142,071 shares of Abbott Laboratories stock worth more than $14,451,462 as of March 1st. Information on this page was last updated on 2/22/2023. He will become the 13th CEO in the company's 131-year history. . Campion Murphy. 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 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 Laboratories CEO Robert Ford received a $4.5 million raise last year as the medical device company saw sales surge amid rising demand for its COVID-19 BinaxNOW tests. Mr. Ford owns over 102,425 units of Abbott Laboratories stock worth over $24,857,908 and over the last 9 years he sold ABT stock worth over $2,638,762. Miles White, who was Abbotts CEO from 1999 until 2020, remained with the company as executive chairman until the end of 2021. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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 company says it also saw growth in its diagnostics and nutritional products segments. There are 40 older and 3 younger executives at Abbott Laboratories. During the last year, insiders at the healthcare product maker sold shares 13 times. He received nearly $16 million during his last year with Abbott, the filing shows. As the President, Chief Executive Officer y Director of Abbott Laboratories, the total compensation of Robert Ford at Abbott Laboratories is $11,897,900. Robert has made over 4 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. Insiders at Abbott Laboratories own 0.5% of the company. ABBOTT LABORATORIES annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Chart Data in Insider Trading History Table. . 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 The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. What is the salary of Mr Ford? 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. Parents of Robert Ford Wilson. 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 is 46, he's been the President, Chief Executive Officer, and Director of Abbott Laboratories since 2020. Suite 3200 Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. , The decline was due to lower stock options and stock awards, cash bonuses and pension earnings, but Whites base salary remained consistent over all three years at $1.9 million. The estimated Net Worth of Robert B Ford is at least $39.1 Million dollars as of 25 August 2022. Learn More on Robert B. Ford's salary. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. 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 . 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. The Established Pharmaceutical Products segment refers to the international sales of a line of branded generic pharmaceutical products. The Most Powerful Women In Chicago Business. E-mail oureditor Gurus may be added or dropped from the GuruFocus site at any time. This information is according to proxy statements filed for the 2021 fiscal year. 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. The company introduced its first two tests in March 2020 and delivered more than 400 million in 2020. Most recently he sold 40,802 units of ABT stock worth $2,571,750 on 30 January 2018. . Abbott derives approximately 60% of sales outside the United States. sale There are 6 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. Abbott Laboratories leveled up on this year's Fortune 500 list, leaping from last year's rank of 104 to No. CEO Miles White will retain his title as executive chairman of the board. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. . In 2021, Abbotts COVID-19 testing-related sales totaled about $7.7 billion, up from $3.9 billion in 2020. 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. The most recent insider tranaction occured on February, 22nd when SVP Julie L Tyler sold 260 shares worth more than $26,842.40. Learn More on Robert B. Ford's trading history. Robert Ford, left, and Miles White. For its 2021 fiscal year, ABBOTT LABORATORIES, listed the following CEO pay ratio data on its annual proxy statement to the SEC. On this Wikipedia the language links are at the top of the page across from the article title. 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 The most active insiders traders include Miles D White, Richard A Gonzalez y Jeffrey M Leiden. Details can be seen in Robert B Ford's Latest Holdings Summary section. Learn More about insider trades at Abbott Laboratories. Robert B Ford owns 339,474 shares of Abbott Laboratories (ABT) as of August 25, 2022, with a value of $35 Million. of 799,867 shares. Of this total $1,482,692 was received as a salary, $3,168,400 was received as a bonus, $8,689,978 was received in stock options, $8,689,294 was awarded as stock and $129,179 came from other types of compensation. Get notified the next time Robert B. Ford buys or sells Abbott Laboratories stock. 2004-2023 GuruFocus.com, LLC. Past performance is a poor indicator of future performance. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. The most active insiders traders include Miles D White, Richard A Gonzalez, and Jeffrey M Leiden. As the Chairman of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. sale Robert B Ford made 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 has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. The estimated Net Worth of Robert B Ford is at least $39.4 Milln dollars as of 25 August 2022. sale Oct 05, 2021, 11:00 ET. The estimated net worth of Robert B. Ford is at least $14.27 million as of August 25th, 2022. SENIOR VICE PRESIDENT Louis H. Morrone Robert B Ford owns about 339,474 units of Abbott. . View saved articles. Robert Ford Net Worth The estimated Net Worth of Robert B Ford is at least $41.4 Million dollars as of 25 August 2022. Details can be seen in Robert B Ford's Latest Holdings Summary section. Learn More about Robert B. Ford's net worth. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The estimated net worth of Robert B Ford is at least $35 Million dollars as of 2023-03-01. 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). 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. 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