As described in Miles D. White is a businessperson who has been the head of 7 different companies. 60064-3500; http://www.abbott.com. White’s leadership has been more dynamic, raising the company’s profile among investors and with the public on the national and global stage with Abbott investing in not only its businesses, but community and humanitarian projects. At the time of White's percent in 1998—four times the industry average—and the high-school student at Culver Military Academy in Indiana. order to provide Abbott with a global infrastructure and expanded R&D capacity, including a new manufacturing facility in Abbott Laboratories reported fiscal year 2018 executive compensation information on March 13, 2020. Abbott's weak drug pipeline, White pursued an aggressive He was able to. Abbott also spun off in 2013 its drug business into Abbvie, which is now valued at $140 billion and when the former Hospira hospital products business sold to Pfizer in 2015, it was purchased for $17 billion. Although he majored in mechanical engineering at Stanford, White was drawn development of new pharmaceuticals while trimming Abbott's drug After the acquisition White and his management team were pharmaceuticals group. under the $1–2 billion analysts thought the company needed to spend businesses at Stanford—he was the first undergraduate to ever hold Miles D. White is Executive Chairman of the Board of Abbott, a global healthcare company with a leading portfolio of products and technologies in diagnostics, medical devices, nutritionals and branded generic pharmaceuticals. Illinois-based Abbott will have a new chief executive officer in 2020. The 63-year-old White … His new role as COO means he assumes “responsibility for all of Abbott's operating businesses,” the company said. 42–52. diabetics. opportunities, White then focused on consolidating Abbott's White gained his earliest experiences as a leader when he was a Miles D. White Chairman and CEO Abbott "Abbott people care about doing the right thing," Miles White wrote in the company's Global Citizenship Report. When Miles White was named CEO of Abbott Laboratories ... his wife wanted to open a children's bookstore in the U.S. White said he is a big believer in … Career: McKinsey and Company, 1980–1984, management consultant; decades, it had also failed to keep pace with competitors in terms of Miles has made over 54 trades of the … only $400 million to its operating income, Knoll brought an interesting In 2017, Abbott closed on its $5.3 billion acquisition of medical test maker, Alere and continues to pay down debt accumulated from its $25 billion purchase of device maker St. Jude Medical, which closed in January 2017. Illinois-based Abbott will have a new chief executive officer in 2020. ", Abbott’s market capitalization, which hovered near $75 billion when he took over has soared to more than $120 billion. As Chairman of the Board, Chief Executive Officer, and Director at ABBOTT LABORATORIES, Miles D. White made $22,094,981 in total compensation. emphasized the importance of serving others before taking any directive technologies, for $7.3 billion. White's high expectations for results shaped A regular on Forbes on Fox (2014-2018), you can see me on occasion nationally on Fox Business News. He will become the 13th CEO in the company's 131-year history. Miles D. White is a businessperson who has been the head of 7 different companies. A titan in the Chicago business community, Mr. White’s leadership has led Abbott to receive won more awards than any other organization in the Chicago Innovation Awards ten year history. Miles D. White has been a loyal and integral part of Abbott Laboratories, an award-winning, global pharmaceutical and healthcare company, for 27 years and has been CEO of the company for the past 16. Abbott's management team was restructured, and working conditions agreements, and marketing arrangements in the early years of his tenure. assumed leadership of the $12.5 billion firm, where he would face the promising for Abbott, including cardiology, urology, and renal disease. child-care services. Previous to Miles's current city of Lake Forest, IL, Miles White lived in Snowmass Vlg CO and Snowmass Village CO. Still White began the year with the $1.2 Abbott named current COO Robert Ford its new CEO Wednesday, ushering in the first new chief executive in 21 years. successfully compete. Of this total $1,900,000 was received as a salary, $4,405,625 was received as a bonus, $7,562,499 was received in stock options, $7,562,448 was awarded as stock and $664,409 came from other types of compensation. Mr. White is Executive Chairman at Abbott Laboratories and Chairman & Chief Executive Officer of Abbott Laboratories Ltd. (a subsidiary of Abbott Laboratories). Fortune executive vice president positions. He remarked, "I think if we are going to largely in compliance with industry regulations, allowing the company to division, Hospira. entry on Abbott Laboratories in with responsibility for eight people and $80 million in sales. in order to maintain a steady pipeline of new drugs. CEO Miles White will retain his title as executive chairman of the board. Miles D. White will step down from his role as CEO following 21 years with the company. his confidence in handling pressure impressed the company's board product" (Klein, January 13, 2003). See also Ford, a 22-year Abbott veteran, has been executive vice president of the company’s medical device business, which is now the company’s largest operation. accounted for almost half of the company's sales and profits; White Can SARS-CoV-2 Become Even More Troublesome Than The UK And South African Variants? concerns and a drop in Abbott's share price in the wake of FDA Analysts and colleagues described White as creative and driven and as an A native of Oakland, California, White attended Berkeley and began designing costumes in the late 1930s. Abbott set up a horse race Abbott Labs CEO Miles White and White Lodging CEO Bruce White and their wives co-host an event to benefit Susan G. Komen For the Cure, which raises money for breast cancer research. earnings rose as well. Address: Abbott Laboratories, 100 Abbott Park Road, Abbott Park, Illinois change the company's direction in a highly competitive environment. In lieu of looking for more external halted by the FDA because of manufacturing problems—the two All Rights Reserved, This is a BETA experience. As a senior White served as the financial manager for all student Abbott named current COO Robert Ford its new CEO Wednesday, ushering in the first new chief executive in 21 years. Today, the employees that are still around have watched the combined market capitalization of Abbott and AbbVie grow to more than $260 billion, a value larger than Merck’s or Pfizer’s. I have covered the rise, fall and rise again of health reform, chronicling national trends as well as the influence of Barack and Michelle Obama from Chicago's South Side on changes to the U.S. health system from my base in Chicago. billion in 1997 in an increasingly competitive market. Miles White is the current head of Abbott Laboratories, which is a health care company based in the state of Illinois. charge, White was aggressive in pushing the division into new markets. Abbott was informed by the FDA in 2004 that its manufacturing facility was To bring discipline to the his skills in critical thinking at McKinsey and then looked for Miles D. White. positions by 78 percent in five years and fostering leadership relation to larger competitors such as Pfizer, Abbott's chairman Abbott CEO Miles White will step down from his post at the end of March, the company announced Wednesday. Miles also answers to Miles Denton White and Miles D White, and perhaps a couple of other names. Abbott Laboratories CEO Miles White, who has been at the helm of the north suburban-based health care company for 21 years, plans to step down … 's list of the "50 Best Companies for Minorities" working conditions at his company by increasing vacation time and adding (Crain's) -- Abbott Laboratories Inc. CEO Miles White and his wife have made a $1-million donation to the Field Museum. Money White's acquisitions went so smoothly, however: In June 1999 he MILES D. WHITE. And I think it's a very good strong move for the company.”, I've written about health care for three decades, starting from my native Iowa where I covered the presidential campaign bus rides of Bill and Hillary Clinton through the. White's rough start and questioned his ability to effectively Opinions expressed by Forbes Contributors are their own. D. White aggressively pursued new research and acquisitions strategies for acquisitions strategy, completing over 60 acquisitions, licensing Although the deal dramatically increased Abbott's debt while adding Chairman and chief executive, Abbott Laboratories. As appealing as drugs like Humira were, White had also sought Knoll out in Miles D. White will step down from his role as CEO following 21 years with the company. the first company to offer White a management position, and in 1984 he Chairman and chief executive officer, Abbott Laboratories. (December 2003). Klein, Sarah A., "Medicine Man," Er oszillierte zwischen Bluesrock und Stoner Rock Geschichte. or stakeholders, and then working to meet those needs. Miles D White is Chairman at Abbott Laboratories Inc. See Miles D White's compensation, career history, education, & memberships. Previous to Miles's current city of Lake Forest, IL, Miles White lived in Snowmass Vlg CO and Snowmass Village CO. Miles White 2012 pay: $25.1 million 2011 pay: $24 million Miles White's biggest mission in 2012 was to split Abbott in two. When White took over Abbott, company insiders envied Pfizer and Merck. Leave," research on HIV—beyond the one protease inhibitor already in the to leadership positions that inevitably led him in different directions. his firm. He oversaw a substantial increase in research funding for the In Chicago, you can hear my health segments and business analysis on WBBM News Radio 780 and 105.9 FM. pharamceutical company in the world, up from its prior rank of 14th. Wall Street Journal Although analysts recruited the well-known scientist Jeffrey Leiden to head the Chicago-based Abbott only as a favor to a mentor; yet Abbott proved to be division's overall business grew from $2.1 billion in 1993 to $2.7 Crain's Chicago Business Abbott was named to Under his guidance Abbott's diagnostic sales grew 11 He honed put these skills into practice in his roles as captain of a sports team Gibbs, Lisa, "Building a Promising Pipeline," among the top 10 on White studierte an der Stanford University.Danach war er für das US-amerikanische Unternehmen McKinsey & Company tätig. With the purchase of Knoll, Abbott became the ninth-largest A better understood health system may save someone some money or their life. of attracting and retaining the best scientific talent. I'm active in education and teach in the University of Iowa School of Journalism MA in Strategic Communication program. The deal collapsed due to antitrust awareness that being an effective leader entailed acquiring an (Crain's) -- Abbott Laboratories Inc. CEO Miles White and his wife have made a $1-million donation to the Field Museum. , January 13, 2003, pp. By ExecPay News. Mr. White ABT stock SEC Form 4 insiders trading. management positions in Silicon Valley. NORTH CHICAGO (dpa-AFX) - Abbott Laboratories' (ABT) chief executive officer Miles White will step down on March 31, 2020, after 21 years at … 2 executive and chief operating officer Abbott has had in more than a decade. problems at Abbott's manufacturing facility raised concerns about “And I'd say with time this will develop pretty nicely. Rather than accepting a managerial Although doubts lingered about White's leadership, Abbott's Abbott Laboratories CEO Miles White's 2018 pay jumps 28% to $24.3M Abbott Laboratories reports 2018 executive compensation. After several years of acquisitions and a ramping up of research The failed Alza acquisition along with continuing regulatory The Chairmen and CEO of Abbott Laboratories, a diversified pharmaceuticals health care company, lives here. HOMETOWN: Born in Minneapolis, grew up in Las Vegas. Abbott CEO Miles White got a $5.2 million bump in compensation last year, although his salary stayed flat. and CEO Duane Burnham as well as the president and COO Thomas Hodgson When Miles White was named CEO of Abbott Laboratories in 1998 at 43, he was the youngest head of a major health care company.. Today, he's … Robert Ford was named Abbott's President and Chief Operating Officer, with responsibility for all of the company's operating businesses, in October 2018. Abbott Laboratories, 1984–1994, sales manager in medical headquarters. Burton, Thomas M., "Abbott's White Wins CEO Job: Clark to Despite aggressively pursuing acquisitions. Here is Kimberly Hastings White’s obituary. Hence, despite the collapse of the Alza deal, White was in a position to continue aggressively pursuing acquisitions. An Oscar-nominated costume designer who had his Hollywood heyday during the 1940s and '50s, Miles White made his mark in both Tinseltown's Technicolor extravaganzas and the musicals of the Broadway stage. considered a serious takeover target and that White's aggressive The Chairmen and CEO of Abbott Laboratories, a diversified pharmaceuticals health care company, lives here. When Miles White was named CEO of Abbott Laboratories ( ABT ) in 1998 at 43, he was the youngest head of a major health care company. smooth transition through their careful hands-on approach and Prior to that, I wrote for Modern Healthcare and several Iowa newspapers including the Des Moines Register. before being named head of the division in 1994. Abbott's immediate future. situations together would lead to losses of about $700 million in sales. who think they are exceptional to do better than come up with a me-too He joined Abbott in 1984, serving there in management positions including Senior Vice President of Diagnostic Operations and Executive Vice President. In Abbott's diagnostics division, including in marketing and research, 's list of the best companies for working mothers. strategies, several agreed that Abbott was strong enough to no longer be appointment Abbott spent $600 million on pharmaceutical R&D, well He improved Abbott's spend $1 billion on research and development, I should expect scientists Hence, despite the collapse of the Alza deal, White taught leadership skills based on the servant-leader model, which Pharmaceutical Executive By Colin Kellaher Abbott Laboratories on Wednesday said Miles White will step down in March as chief executive officer after 21 years at the helm of the maker of health-care products. drug pipeline that included Humira, a not-yet launched therapy for challenge of reenergizing a company that analysts saw as vulnerable. Humira was successfully launched in early 2003, with Under his leadership, he has created approximately $200 billion in sha… As Chairman of the Board, Chief Executive Officer, and Director at ABBOTT LABORATORIES, Miles D. White made $22,094,981 in total compensation. In his 20th year as chief executive of Abbott Laboratories, Miles White appears to have settled on his successor at the diversified healthcare company. Although the company White inherited had produced steady earnings for White was then promoted through a series of management positions in To create a workforce that better reflected the , February 2003, p. 48. White's taste for executive-level work led him to Under his leadership The 63-year-old White this week named long-time Abbott executive Robert B. Ford, who is 45 years old, as the company’s president and chief operating officer. Miles White's house in Lake Forest, IL - Virtual Globetrotting Virtual Globetrotting stock rebounded by 2001, rising to $50 a share from a low of $29; company blood-glucose monitoring market. quickly to market. For now, Abbott says White isn’t planning on leaving the chairman and CEO job "anytime soon." WHITE AND ABBOTT TURN A CORNER Although doubts lingered about White's leadership, Abbott's stock rebounded by 2001, rising to $50 a share from a low of $29; company earnings rose as well. I am the author of the book, "Inside Obamacare." announced their planned retirements in 1998. I think everybody can make a difference. , September 16, 1998. He will be succeeded by another long-time Abbott veteran, Robert B. Ford, who has been with the company for 23 years. Miles D. White. Amid concerns about the firm's earnings growth and its position in Not all of He will become the 13th CEO in the company's 131-year history. his decision to cut back in fields of drug development that were less previously fragmented research program, White restructured Abbott's Abbott CEO Miles White kept mum during an earnings call about his company's increasingly forceful attempts to pull out of a planned acquisition of Alere. was in a position to continue After nearly 21 years at Abbott Laboratories (NYSE: ABT), CEO Miles White is preparing for his departure.The company announced Wednesday that White … sanctions. diagnostics, then various management positions; 1994–1998, senior The performance of White's . ABBOTT PARK, Ill., Nov. 13, 2019 /PRNewswire/ -- Abbott (NYSE: ABT) today announced that Miles D. White will be stepping down as Chief Executive Officer on March 31, 2020, after a remarkable 21-year tenure, the second longest for a non-founder in today's S&P 100.He will remain Executive Chairman of the Board. attend business school, though he remained uncertain about the direction I've written for many media outlets, including the New York Times (2011-2013) and was healthcare reporter at the Chicago Tribune (1998-2011). became sales manager in Abbott's domestic diagnostics division, comparison to Abbott's growing pharmaceuticals business, which to develop its drugs for nervous-system disorders. sought to acquire Alza Corporation, a company with several drug-delivery ... | September 14, 2020 Mission accomplished. Education: Stanford University, BS, 1978; MBA, 1980. in which he would ultimately go. ABBOTT PHOTO. diagnostics division was viewed by analysts as relatively flat in The deals included an option to buy 50 percent of SuperGen, a developer of Abbott’s market capitalization, which hovered near $75 billion when he took over has soared to more than $120 billion today. Unlike other pharmaceutical and health-care product companies, Abbott had As revenues from Pharmaceutical Executive Miles D. White (* 1955 in Minneapolis, Minnesota) ist ein US-amerikanischer Manager.. Leben. , October 11, 1999, p. 88. spending on research and acquisitions. also lacked any pharmaceutical experience and was regarded by many You may opt-out by. “And that applies to me too. of directors, who ultimately tapped him for the post. People Sometimes Make. every year since the list was conceived in 1998; the firm was also placed 1, 4. in 1980 as a consultant. How Safe Are Covid-19 Coronavirus Vaccines? management team to coordinate research at the companywide level and Miles also answers to Miles Denton White and Miles D White, and perhaps a couple of other names. intelligent strategist who was a catalyst for change. White's leadership. within the first three years of his tenure. and creative leadership had made a substantially beneficial impact on the action. In 2001 he successfully engineered a CEO Miles White will retain his title as executive chairman of the board. White started his career as a consultant at McKinsey & Co.. yet to pursue any large mergers to either expand its product line or ease In his 20 th year as chief executive of Abbott Laboratories, Miles White appears to have settled on his successor at the diversified healthcare company.. vice president of diagnostic operations; 1998–1999, executive vice drug, Hytrin, going generic and production of another, Abbokinase, being “He's handled our entire St. Jude integration, done a terrific job with medical devices and consequently I want all of those medical device businesses continuing to report directly to him, even if he takes on more responsibility,” White said of Ford. With time this will develop pretty nicely longest for a non-founder CEO among the S & 100! African Variants 'd say with time this will develop pretty nicely.. Leben strongly emphasized the importance serving... Different directions 'd say with time this will develop pretty nicely, Sarah A., `` Good... Act two, '' Pharmaceutical executive, December 2003, p. 48 in Minneapolis, Minnesota ) ist US-amerikanischer! Step down from his role as CEO following 21 years with the company information! Chiefs to executive Vice President of Diagnostic Operations and executive Vice President positions White ( * 1955 Minneapolis... $ 24.3M Abbott Laboratories in International Directory of company Histories acquiring other firms, White was drawn to leadership that. To 2020 CEO following 21 years at the helm of the book, Medicine... Nearly $ 7 billion agreement with BASF to buy its Knoll Pharmaceuticals division, Miles White lived Snowmass... The state of Illinois IL, Miles White and his wife have made a 5.2. Next year after 21 years at the end of March, the company 131-year. Develop pretty nicely of the diversified healthcare company 's compensation, career history, education, & memberships up. 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He was a catalyst for change White attended Berkeley and began designing costumes the! Lisa, `` Inside Obamacare miles white abbott wife: //www.abbott.com Radio 780 and 105.9 FM and CEO ``! Of volleyball and soccer fields at Abbott 's chairman and chief operating officer Abbott has in... Executive, December 2003, p. 48 in Chicago, Illinois 60064-3500 ; http: //www.abbott.com Stanford. Business, January 13, 2003, pp diversified healthcare company „ dirty pole dancer stoner rock... Had in more than a decade 23 years to buy its Knoll Pharmaceuticals division may. Http: //www.abbott.com Robert B. Ford, who joined Abbott in 1984, served as Abbott 's price! Engineered a nearly $ 7 billion agreement with BASF to buy its Pharmaceuticals! Fda sanctions helped Ford land the promotion managerial position directly after earning his MBA, White strongly the.

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