He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. Learn More about insider trades at Abbott Laboratories. . He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. Robert Ford made $20,450,586 in total compensation as Director, Chief Executive Officer and President at Abbott Laboratories in . Faith Alexis Ford is an American actress. 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. Learn More on Robert B. Ford's contact information. 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 . What is the salary of Mr Ford? How much does Robert Ford of Abbott make? In addition, he makes $11,897,900 as President, Chief Executive Officer, and Director at Abbott Laboratories. Owen is the father of three children two sons and a daughter. The most-recent trade in Abbott Laboratories is the 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. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. Abbott derives approximately 60% of sales outside the United States. Enter your email address below to get our daily insider buying and selling report. and stock awards worth $12 million under a long-term incentive plan covering the three-year period ended in 2019. The shares were sold at an average price of $105.10, for a transaction totalling $10,764,867.50. Campion Murphy. . 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. There are 1 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. Robert B. Ford Net Worth Mr. Robert B. Ford biography Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. But America hasn't produced any graphite since the 1950s. Robert B. Ford Net Worth Mr. Robert B. Ford biography. "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. 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 company introduced its first two tests in March 2020 and delivered more than 400 million in 2020. On average, Robert trades about 5,882 units every 58 days since 2014. 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). ABBOTT LABORATORIES income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Mr. Ford owns over 102,425 units of Abbott Laboratories stock worth over $25,112,184 and over the last 9 years he sold ABT stock worth over $2,638,762. Past performance is a poor indicator of future performance. As the Chairman of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. Other key executives at Abbott Laboratories include Owen's Kids Are Not Allowed To Smoke. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. 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. Robert B. Ford Net Worth Mr. Robert B. Ford biography. 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. Robert B Ford currently owns a total of 1 [5], On March 31, 2020, Ford became the chief executive officer of Abbott Laboratories, elected unanimously by the company's board. Robert B Ford is the Senior Vice President of Abbott Laboratories. [2] ( m. 1989-1996) . 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. Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. Robert B. Ford has not been actively trading shares of Abbott Laboratories within the last three months. Earlier this week, FDA inspectors said they found unsanitary conditions at the plant five months before the company recalled formulas. Senior Vice President Fernando Mateus Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. All proxy statements are public filings made available to the general public by the SEC. Over the past 18 months, #HealthyReturns" This investment adviser does not provide advice to individual investors. 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. The estimated Net Worth of Robert B Ford is at least $39.6 Million dollars as of 25 August 2022. and During the last year, insiders at the healthcare product maker sold shares 13 times. ARLINGTON, Va., Oct. 5, 2021 /PRNewswire/ -- The Consumer Technology Association (CTA) today announced that Abbott President and CEO Robert B. Ford will deliver a . The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. 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 Net Worth The estimated Net Worth of Robert B Ford is at least $41.4 Million dollars as of 25 August 2022. What is the salary of Mr Ford? 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 . 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). Most recently, Robert B. Ford sold 102,425 shares of the business's stock in a transaction on Thursday, August 25th. Move Over Lithium 220 Pounds of Graphite In Every EV Battery. the total compensation of Mr Ford at Abbott Laboratories is $5,051,334. 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. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Last updated: 22 February 2023 at 6:54pm EST. Learn More on Robert B. Ford's trading history. The Nutritional Products segment caters to the worldwide sales of adult and pediatric nutritional products. Abbott named current COO Robert Ford its new CEO Wednesday, ushering in the first new chief executive in 21 years. 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. 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. Mr. Ford owns over 102,425 units of Abbott Laboratories stock worth over $26,852,996 and over the last 9 years he sold ABT stock worth over $2,638,762. To be detailed, the average return of stocks after 3 months bought by Robert B Ford is 15.4%. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. 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. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. . The information shown here is a reporting of information included in the company's proxy statement. Chart Data in Insider Trading History Table. GuruFocus tracks the stock performance after each of Robert B Ford's buying transactions within different timeframes. This chart shows Mr. Robert B. Ford's buying and selling at Abbott Laboratories by year and by quarter. 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 most active insiders traders include Miles D White, Richard A Gonzalez y Jeffrey M Leiden. The FDA says two deaths have so far been linked to contaminated Abbott formula. sale On this episode of Yahoo Finance Presents, Abbott President & CEO Robert Ford, sat down with Yahoo Finance's Anjalee Khemlani to discuss Abbott's upcoming keynote address at CES 2022 and COVID-19 test pricing and supply chain challenges. Abbott recalled some of its formulasnotably its Similac line. Learn More on Robert B. Ford's salary. 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. He is very close to his sons Finn and Robert Ford. Based on ownership reports from SEC filings, as the reporting owner, Robert B Ford owns 1 companies in total, including He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. Robert B. Ford serves as President, Chief Executive Officer, Director of the Company. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. 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 most recent insider tranaction occured on February, 22nd when SVP Julie L Tyler sold 260 shares worth more than $26,842.40. Click here to see the complete history of Robert B Fords form 4 insider trades. This article about a United States businessperson is a stub. The companys total net sales increased nearly 25% from 2020 to 2021, reflecting volume growth across all of Abbotts segments, according to the companys annual SEC filing. Abbott did not respond to a request for comment. You can see the complete history of Mr. Ford stock trades at the bottom of the page. Most recently he sold 40,802 units of ABT stock worth $2,571,750 on 30 January 2018. . 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. Robert B Ford owns about 339,474 units of Abbott. This chart shows Robert B Ford's buying and selling at Abbott Laboratories by year and by quarter. 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. Enter your email address below to get our daily insider buying and selling report. 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. Our 109,000 colleagues serve people in more than 160 countries. ABBOTT LABORATORIES annual reports of executive compensation and pay are most commonly found in the Def 14a documents. In addition, he makes $11,897,900 as President, Chief Executive Officer y Director at Abbott Laboratories. On average, Robert trades about 5,882 units every 58 days since 2014. Last updated: 1 February 2023 at 11:00am EST. Mr Ford is 47, he's been the Chairman and Pres & CEO of Abbott Laboratories since . [8], At the beginning of the COVID-19 pandemic, Ford led the company's COVID-19 testing development and distribution. 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. [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 Nutritional Products segment caters to the worldwide sales of adult and pediatric nutritional products. no insider transaction in Abbott Laboratories (ABT). Russia Ignites West's Battle for Energy Independence. [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 Ford Net Worth The estimated Net Worth of Robert B Ford is at least Abbott Laboratories stock worth over $5,687,137 and over the . 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 Ford is 46, he's been the President, Chief Executive Officer, and Director of Abbott Laboratories since 2020. Robert's mailing address filed with the SEC is 100 ABBOTT PARK ROAD, , ABBOTT PARK, IL, 60064. Learn More on Robert B. Ford's trading history. They sold a total of 345,468 shares worth more than $36,920,834.37. [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. Abbott founded The Chicago Defender in 1905, which grew to have the highest circulation of any black-owned newspaper in the country. Learn More on Robert B. Ford's trading history. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. a net Coronavirus Tips Working and Protection. Now, dozens of class-action lawsuits have been filed against Abbott by parents of babies who were made ill from the companys formulas. This net worth estimate does not reflect any other investments that Mr. Ford may own. of Robert is currently 12 years old. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. 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. Robert's mailing address filed with the SEC is 100 ABBOTT PARK ROAD, , ABBOTT PARK, IL, 60064. On average, Robert trades about 5,882 units every 58 days since 2014. Learn More on Abbott Laboratories' active insiders. Only the transactions in Open Market or Private Sale at the market prices are included. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. . 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. Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. Robert B Ford around $11 Million. 89. . Western countries are now scrambling for stable, renewable energy. Learn More on Robert B. Ford's contact information. 102,425 shares on August 25, 2022, which But the bigger risk would have been not having these tests to fight the pandemic. E-mail oureditor The most active insiders traders include Miles D White, Richard A Gonzalez, and Jeffrey M Leiden. Other recent insider transactions involving Abbott Laboratories (ABT) include Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. sale As the President, Chief Executive Officer, and Director of Abbott Laboratories, the total compensation of Robert Ford at Abbott Laboratories is $11,897,900. Price of $ 3,584,478 million dollars as of 25 August 2022. of performance. Very close to his sons Finn and Robert Ford you can see the complete history Mr.... 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