Last updated: 1 February 2023 at 11:00am EST. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? This information is according to proxy statements filed for the 2021 fiscal year. The shares were sold at an average price of $105.10, for a transaction totalling $10,764,867.50. Robert Ford is 46, he's been the President, Chief Executive Officer, and Director of Abbott Laboratories since 2020. brought Fundamental company data provided by Morningstar, updated daily. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. GuruFocus tracks the stock performance after each of Robert B Ford's buying transactions within different timeframes. ARLINGTON, Va., Oct. 5, 2021 /PRNewswire/ -- The Consumer Technology Association (CTA) today announced that Abbott President and CEO Robert B. Ford will deliver a . , 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. Robert B. Ford has not been actively trading shares of Abbott Laboratories within the last three months. Abbotts Similac Advance product accounted for 21% of the powdered infant formula market share in 2016, according to one of the suits. 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. . a net Our 109,000 colleagues serve people in more than 160 countries. 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 "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. stock. You can help Wikipedia by expanding it. [8], At the beginning of the COVID-19 pandemic, Ford led the company's COVID-19 testing development and distribution. sale 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. Mr. Ford owns 142,071 shares of Abbott Laboratories stock worth more than $14,272,453 as of February 25th. What is Robert B. Ford's salary? . 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. Learn More on Robert B. Ford's trading history. On average, Robert trades about 5,882 units every 58 days since 2014. As Chairman of the Board and Chief Executive Officer at ABBOTT LABORATORIES, Robert B. Ford made $22,159,543 in total compensation. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. CEO Miles White will retain his title as executive chairman of the board. As the CEO of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. There are 40 older and 3 younger executives at Abbott Laboratories. Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. They sold a total of 345,468 shares worth more than $36,920,834.37. Combined, the North Chicago-based company paid more than $40 million in 2021 for the services of Ford and White. This net worth estimate does not reflect any other investments that Mr. Ford may own. Robert B Ford owns 339,474 shares of Abbott Laboratories (ABT) as of August 25, 2022, with a value of $35 Million. Insiders are limited to only officers and/or directors of the company. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Most recently he sold 40,802 units of ABT stock worth $2,571,750 on 30 January 2018. . Gurus may be added or dropped from the GuruFocus site at any time. Enter your email address below to get our daily insider buying and selling report. 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. , 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. In addition, he makes $11,897,900 as President, Chief Executive Officer, and Director at Abbott Laboratories. Abbott Laboratories (ABT) The estimated Net Worth of Robert B Ford is at least $39.1 Million dollars as of 25 August 2022. Robert Ford, left, and Miles White. Learn More about insider trades at Abbott Laboratories. 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. It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Medical Devices. Abbott Laboratories engages in the discovery, development, manufacture, and sale of a broad and diversified line of health care products. What is Robert B. Ford's salary? There are 1 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. Learn More on Robert B. Ford's salary. The company introduced its first two tests in March 2020 and delivered more than 400 million in 2020. There are 39 older and 4 younger executives at Abbott Laboratories. There are 6 executives at Abbott Laboratories getting paid more, . On average, Robert trades about 5,882 units every 58 days since 2014. The most active insiders traders include Miles D White, Richard A Gonzalez, and Jeffrey M Leiden. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. Robert Nottingham. On average, Robert trades about 5,882 units every 58 days since 2014. See Why Investors Are So Excited About This. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. ( m. 1989-1996) . 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. [12], On December 10, 2021, Ford was elected as chairman of the board for Abbott.[13]. sale Most recently he sold 40,802 units of ABT stock worth $2,571,750 on 30 January 2018. . 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 Laboratories can also be reached via phone at (224) 667-6100. He subsequently held various positions of increasing responsibility for Abbott's Diagnostics, Nutrition and Diabetes Care businesses. of 150,000 shares made by Daniel J Starks See who is leading new copper discoveries and how. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Details can be seen in Robert B Ford's Latest Holdings Summary section. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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 . Truth is, switching from gas-powered isn't possible without massive amounts of graphite. You may also find the annual proxy statement by going directly to the company's website. [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. . 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. 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. 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. According to the SEC Form 4 filings, Robert B Ford has made a total of Text size. Abbott manufactures and markets medical devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. 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. 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. 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. Learn More on Robert B. Ford's trading history. the total compensation of Mr Ford at Abbott Laboratories is $5,051,334. The corporate mailing address for Mr. Ford and other Abbott Laboratories executives is 100 ABBOTT PARK ROAD D-322 AP6D, ABBOTT PARK IL, 60064. Learn More about Robert B. Ford's net worth. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Abbott Laboratories can also be reached via phone at (224) 667-6100. 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 . The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. 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 Net Worth Mr. Robert B. Ford biography Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. 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. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. . For its 2021 fiscal year, ABBOTT LABORATORIES, listed the following CEO pay ratio data on its annual proxy statement to the SEC. The estimated net worth of Robert B. Ford is at least $14.45 million as of August 25th, 2022. 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. He pulled Abbott's scientists and manufacturing teams off their projects to work on four teams, each focused on specific tests. Abbott Laboratories leveled up on this year's Fortune 500 list, leaping from last year's rank of 104 to No. Russia Ignites West's Battle for Energy Independence. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. As the President, Chief Executive Officer y Director of Abbott Laboratories, the total compensation of Robert Ford at Abbott Laboratories is $11,897,900. Insiders at Abbott Laboratories own 0.5% of the company. the CHAIRMAN AND CEO of Abbott Laboratories and owns about 339,474 shares of Abbott Laboratories (ABT) stock worth over $35 Million. On this Wikipedia the language links are at the top of the page across from the article title. 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. 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. 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 is the Chairman, Pres & CEO at Abbott Laboratories. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. Owen is the father of three children two sons and a daughter. Chicago, Illinois Robert Ford's listing in the Class of 2015 student directory identified him as vice president, Abbott Diabetes Care. Above is the net worth, insider trading, and ownership report for Robert B Ford. The estimated Net Worth of Robert B Ford is at least $39.6 Million dollars as of 25 August 2022. 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. Billions could be poured into exploration companies searching for new U.S. deposits. The website that you have requested also may not be optimized for your screen size. Abbott is a global healthcare leader that helps people live more fully at all stages of life. 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 earned a bachelor's degree from Boston College and a master's degree in business administration from UC Berkeley, Haas School of Business. [3][4] He was named President and COO in October 2018. [1] He received a bachelor's degree from Boston College and an MBA in business administration from at Berkeley 's Haas School of Business. 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. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. Learn More on Abbott Laboratories' active insiders. 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. Mr. Ford owns 142,071 shares of Abbott Laboratories stock worth more than $14,451,462 as of March 1st. 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. 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 Laboratories (ABT)'s detailed insider trading history can be found in Insider Trading Tracker table. 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. The most recent insider tranaction occured on February, 22nd when SVP Julie L Tyler sold 260 shares worth more than $26,842.40. The estimated net worth of Robert B Ford is at least $35 Million dollars as of 2023-03-01. Enter your email address below to get our daily insider buying and selling report. How much does Robert Ford of Abbott make? To be detailed, the average return of stocks after 3 months bought by Robert B Ford is 15.4%. of 64,956 shares made by Andrea F Wainer 1 transactions in Abbott Laboratories (ABT) over the past 5 years, including 0 buys and 1 sells. His 2021 pay was down from $18.8 million in 2020 and $24.67 million in 2019. Learn More on Abbott Laboratories' active insiders. 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 . Western countries are now scrambling for stable, renewable energy. 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 He received nearly $16 million during his last year with Abbott, the filing shows. 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. World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence. They sold a total of 345,468 shares worth more than $36,920,834.37. Abbott founded The Chicago Defender in 1905, which grew to have the highest circulation of any black-owned newspaper in the country. Our 109,000 colleagues serve people in more than 160 countries. Click here to get the full experience on your screen. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. . It's unclear exactly how much the situation could affect Abbotts bottom line. . Over the past 18 months, 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. Learn More about Robert B. Ford's net worth. The company says it also saw growth in its diagnostics and nutritional products segments. abbott net worth. Insiders at Abbott Laboratories own 0.5% of the company. Parents of Robert Ford Wilson. An early adherent of the Bah Faith in the United States, Abbott founded the Bud Billiken Parade and Picnic in August 1929. 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 Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. Last updated: 22 February 2023 at 6:54pm EST. 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). no insider transaction in Abbott Laboratories (ABT). Learn More on Robert B. Ford's trading history. 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. Abbott named current COO Robert Ford its new CEO Wednesday, ushering in the first new chief executive in 21 years. As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. Learn More on Robert B. Ford's contact information. As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. But the bigger risk would have been not having these tests to fight the pandemic. [11] In April 2020, Chief Executive recognized Ford for Abbott's response to accessibility for testing. 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 Nutritional Products segment caters to the worldwide sales of adult and pediatric nutritional products. E-mail oureditor Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. and stock awards worth $12 million under a long-term incentive plan covering the three-year period ended in 2019. What is the salary of Mr Ford? Calamari Fords pay is 254 times higher than that of Abbotts median employee, which was $97,952 in 2021, according to the filing. The Established Pharmaceutical Products segment refers to the international sales of a line of branded generic pharmaceutical products. 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 . You can select different timeframes to see how Robert B Ford's insider trading performs compared to the benchmark. Click below to see everything we have to offer. Robert B Ford currently owns a total of 1 Mr Ford is 47, he's been the Chairman and Pres & CEO of Abbott Laboratories since . , 2004-2023 GuruFocus.com, LLC. This net worth estimate does not reflect any other investments that Mr. Ford may own. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This article about a United States businessperson is a stub. Abbott is a global healthcare leader that helps people live more fully at all stages of life. Past performance is a poor indicator of future performance. This report is not for commercial use. You might contact Robert B Ford via mailing address: 100 Abbott Park Road, Ap6a-2, D-032l, Abbott Park Il 60064-6092. In addition, he makes $11,897,900 as President, Chief Executive Officer y Director at Abbott Laboratories. Chart Data in Insider Trading History Table. Robert B Ford owns about 339,474 units of Abbott. Print. 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. Our 109,000 colleagues serve people in more than 160 countries. Robert Ford is 46, he's been the President, Chief Executive Officer, and Director of Abbott Laboratories since 2020. Learn More on Robert B. Ford's salary. [2] The FDA says two deaths have so far been linked to contaminated Abbott formula. [5], On March 31, 2020, Ford became the chief executive officer of Abbott Laboratories, elected unanimously by the company's board. 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. 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