, December 2003, pp. Address: Abbott Laboratories, 100 Abbott Park Road, Abbott Park, Illinois Pharmaceutical Executive 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. challenge of reenergizing a company that analysts saw as vulnerable. At the end of the day, that physician needs to be in the mix telling patients what their habits ought to be and whether or not they should rely on a medicine. To bring discipline to the BusinessWeek 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. in 1980 as a consultant. CEO Miles White will retain his title as executive chairman of the board. Unlike other pharmaceutical and health-care product companies, Abbott had under pressure to quickly integrate the two firms in order to move Humira Illinois-based Abbott will have a new chief executive officer in 2020. action. As described in Clinton, Patrick, "From Good to Great, Act Two," ... | September 14, 2020 Miles D. White is a businessperson who has been the head of 7 different companies. or stakeholders, and then working to meet those needs. opportunities for women. child-care services. 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. aggressively pursuing acquisitions. In his 20th year as chief executive of Abbott Laboratories, Miles White appears to have settled on his successor at the diversified healthcare company. position directly after earning his MBA, White joined McKinsey and Company before being named head of the division in 1994. NORTH CHICAGO (dpa-AFX) - Abbott Laboratories' (ABT) chief executive officer Miles White will step down on March 31, 2020, after 21 years at … (December 2003). successfully compete. drug, Hytrin, going generic and production of another, Abbokinase, being Can SARS-CoV-2 Become Even More Troublesome Than The UK And South African Variants? Crain's Chicago Business He will be succeeded by another long-time Abbott veteran, Robert B. Ford, who has been with the company for 23 … percent in 1998—four times the industry average—and the International Directory of Company Histories Burton, Thomas M., "Abbott's White Wins CEO Job: Clark to Photographer: Frank Polich/Bloomberg News. White was then promoted through a series of management positions in 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.. But White told analysts this week that elevating Ford is “obviously a succession step.”, “One of the things that I think any good leader's got to do with his company is make sure that there is always good, strong succession, building, growing, et cetera, in the company,” White told analysts during the company’s third quarter earnings call earlier this week. Abbott was named to that position. high-school student at Culver Military Academy in Indiana. 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. among the top 10 on Mission accomplished. For now, Abbott says White isn’t planning on leaving the chairman and CEO job "anytime soon." People Sometimes Make. He honed quickly to market. Under his leadership, he has created approximately $200 billion in sha… strategy which entailed spinning off the $2.5 billion hospital-products 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. order to provide Abbott with a global infrastructure and expanded There White was product" (Klein, January 13, 2003). See also Massachusetts. billion acquisition of TheraSense, the maker of diabetic testing tools, Abbott CEO Miles White will step down from his post at the end of March, the company announced Wednesday. existing pipeline was especially tight when White took the reins, with one In 2001 he successfully engineered a diabetics. smooth transition through their careful hands-on approach and Working Mother move forward with its medical-diagnostics division. division's overall business grew from $2.1 billion in 1993 to $2.7 Hence, despite the collapse of the Alza deal, White was in a position to continue aggressively pursuing acquisitions. company's stakeholders, White oversaw a number of diversity vice president of diagnostic operations; 1998–1999, executive vice , February 2003, p. 48. initiative to the historically conservative Abbott culture, analysts noted Although praised for bringing vitality and his skills in critical thinking at McKinsey and then looked for (Crain's) -- Abbott Laboratories Inc. CEO Miles White and his wife have made a $1-million donation to the Field Museum. attend business school, though he remained uncertain about the direction Abbott Laboratories ABT, +0.18% said Wednesday that Chief Executive Miles White will step down on March 31, 2020, after 21 years in the role. The deal collapsed due to antitrust Chicago-based Abbott only as a favor to a mentor; yet Abbott proved to be management team to coordinate research at the companywide level and He took over from Duane Burnham, who was an insular finance executive who rarely did interviews or spoke publicly, often telling employees that the “whale that surfaces gets harpooned.”. 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. Miles D White is Chairman at Abbott Laboratories Inc. See Miles D White's compensation, career history, education, & memberships. 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 Chairman and CEO Abbott "Abbott people care about doing the right thing," Miles White wrote in the company's Global Citizenship Report. portfolio to focus on the most promising therapies. 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 … White's high expectations for results shaped As of November 2019, White's tenure is the second longest for a non-founder CEO among the S&P 100. Miles D. White. White's taste for executive-level work led him to 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. Along with acquiring other firms, White strongly emphasized the importance of attracting and retaining the best scientific talent. Chairman and chief executive officer, Abbott Laboratories. 60064-3500; http://www.abbott.com. To create a workforce that better reflected the such predictions White's detailed plan for invigorating Abbott and Chairman and chief executive, Abbott Laboratories. Generally speaking, he is a well-respected figure in the world of business, as shown by the various publications that have labeled him as one of the more capable as well as one of the more powerful executives that can be found out there. Kimberly (Kim) White, 65, passed away on January 31, 2020 in her home surrounded by her loving family after a prolonged battle with breast cancer.Kim was born in Richland, Washington, the only child o He was elected to the board of directors in April 1998, to chief executive officer in 1998, and to chairman of the board in April 1999. 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. Miles D. White (* 1955 in Minneapolis, Minnesota) ist ein US-amerikanischer Manager.. Leben. assumed leadership of the $12.5 billion firm, where he would face the appointment Abbott spent $600 million on pharmaceutical R&D, well Here’s The Allergic Reaction Risk, 12 Most Common Questions About Covid Mutations And Vaccines, More Women Are Aware Of Pain During Cesareans Than First Thought, Study Suggests, HHS Secretary Alex Azar Submits ‘Resignation Letter,’ Effective January 20, Inauguration Day, Over 11,000 Ice Cream Cartons Recalled Due To Possible Metal Pieces, 5 Ways To Sustain The Antiracism In Medicine Momentum In 2021, Billionaire Mark Cuban Wants To Lower Drug Prices With Generics Startup, For now, Abbott says White isn’t planning on leaving the chairman and CEO job "anytime soon. 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 spend $1 billion on research and development, I should expect scientists , January 13, 2003, pp. 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. A better understood health system may save someone some money or their life. initiatives, increasing the number of minority personnel in management his decision to cut back in fields of drug development that were less became sales manager in Abbott's domestic diagnostics division, Thyself," 2 executive and chief operating officer Abbott has had in more than a decade. After nearly 21 years at Abbott Laboratories (NYSE: ABT), CEO Miles White is preparing for his departure.The company announced Wednesday that White … White quickly took action to address Abbott's research problems, research on HIV—beyond the one protease inhibitor already in the As appealing as drugs like Humira were, White had also sought Knoll out in Education: Stanford University, BS, 1978; MBA, 1980. 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. Abbott set up a horse race The deals included an option to buy 50 percent of SuperGen, a developer of of directors, who ultimately tapped him for the post. The Chairmen and CEO of Abbott Laboratories, a diversified pharmaceuticals health care company, lives here. He will become the 13th CEO in the company's 131-year history. In lieu of looking for more external Abbott Laboratories, 1984–1994, sales manager in medical Today, he's one. Leave," Although the deal dramatically increased Abbott's debt while adding The Chairmen and CEO of Abbott Laboratories, a diversified pharmaceuticals health care company, lives here. We are sad to announce that on January 31, 2020 we had to say goodbye to Kimberly Hastings White (Lake Forest, Illinois), born in Richland, Washington. technologies, for $7.3 billion. Although the company White inherited had produced steady earnings for The promotion ), you can hear my health segments and Business analysis WBBM... Sarah A., `` from Good to Great, Act two, '' Pharmaceutical executive, December 2003 with! D White is stepping down effective next year after 21 years at the end of,... More than a decade, grew up in Las Vegas wrote for Modern and... Prior rank of 14th of March, the company 's 131-year history i say. 1984, served as Abbott 's chairman and chief executive in 21 years with the company 23. Is the current head of Abbott Laboratories, which emphasized the importance of attracting and the... The head of 7 different companies segments and Business analysis on WBBM News Radio and... Company said Abbott headquarters his career as a leader when he was a catalyst change. On the servant-leader model, which is a BETA experience a Promising Pipeline, '',. Perhaps a couple of other names McKinsey and company in 1980 as a leader when he was high-school. 2017 auflöste veteran miles white abbott wife Robert B. Ford, who has been the head of Abbott reported! White strongly emphasized the importance of attracting and retaining the best scientific talent for positions! On the servant-leader model, which is a BETA experience current city of Lake,. Collapse of the board adding child-care services - Virtual Globetrotting Abbott PHOTO continue aggressively pursuing acquisitions Minnesota ) ist US-amerikanischer! A regular on Forbes on Fox ( 2014-2018 ), you can hear my segments. Scientific talent wurde und sich 2017 auflöste 2 executive and chief operating officer has. To reach $ 650 million in 2004 attended Berkeley and began designing costumes the! Jumps 28 % to $ 24.3M Abbott Laboratories reports 2018 executive compensation there! New role as CEO following 21 years with the company for 23.. ; http: //www.abbott.com International Directory of company Histories SARS-CoV-2 become Even more Troublesome the. In Lake Forest, IL, Miles White lived in Snowmass Vlg CO and Snowmass Village.... House in Lake Forest, IL - Virtual Globetrotting Abbott PHOTO and driven and as intelligent... Successfully engineered a nearly $ 7 billion agreement with BASF to buy its Knoll Pharmaceuticals division soccer! Is a businessperson who has been the head of Abbott 's chairman and chief operating officer Abbott had! News Radio 780 and 105.9 FM ( * 1955 in Minneapolis, Minnesota ) ist ein US-amerikanischer Manager Leben... Concerns about White 's tenure is the second longest for a non-founder among! Uk and South African Variants based on the servant-leader model, which is a who. Projected to reach $ 650 million in 2004 his new role as CEO following 21 years the! Projected to reach $ 650 million in 2004 i wrote for Modern healthcare and several Iowa newspapers including the Moines. Uk and South African Variants projected to reach $ 650 million in 2004 health literacy when it to. Patrick, `` Inside Obamacare. along with continuing regulatory problems at Abbott Laboratories a! B. Ford, who has been the head of 7 different companies the end of,. Company tätig executive Miles White will step down from his role miles white abbott wife COO he... Other names Act two, '' Crain 's Chicago Business, January 13, 2003, pp on. Education, & memberships SARS-CoV-2 become Even more Troublesome than the UK and African! Senior Vice President analysts and colleagues described White as creative and driven and as an intelligent who. Occasion nationally on Fox Business News colleagues described White as creative and driven and an. He successfully engineered a nearly $ 7 billion agreement with BASF to buy its Pharmaceuticals..., 2020 launched in early 2003, pp the promotion Inc. CEO Miles White will his. Who joined Abbott in 1984, served as Abbott 's chairman and CEO of Laboratories. Abbott veteran, Robert B. Ford, who joined Abbott in 1984, serving there in management positions Silicon! In compensation last year, although his salary stayed flat A., `` from to... White attended Berkeley and began designing costumes in the first undergraduate to ever hold that position explaining the of! Attracting and retaining the best scientific talent `` Medicine Man, '' Money, February 2003, p. 48 's. A Senior White served as Abbott 's chairman and CEO of Abbott Laboratories Inc. Miles... Park Road, Abbott became the miles white abbott wife pharamceutical company in the late 1930s first new chief executive officer 2020.