Description

Abbott Laboratories is a global healthcare company that develops and manufactures a broad range of medical devices, diagnostic tools, branded generic medicines, and nutritional products. It is known for its contributions to various medical fields, including diabetes care, cardiovascular health, diagnostics, and nutrition. The company was founded in 1888 by Dr. Wallace C. Abbott in North Chicago, Illinois, and has since grown into one of the largest healthcare companies in the world.

Abbott operates in over 160 countries and has a significant impact on global healthcare systems through its extensive product portfolio. It serves both developing and developed markets, working with hospitals, clinics, and individual consumers.

Key Areas of Focus:

  1. Medical Devices: Abbott produces a wide array of devices for diagnosing and monitoring various conditions. This includes devices for diabetes management (like continuous glucose monitoring systems), cardiovascular devices, and other monitoring systems.

  2. Diagnostics: Abbott is a major player in the diagnostic space, offering products for blood testing, molecular diagnostics, and point-of-care testing. These tools are essential for both hospitals and clinical labs to detect diseases and monitor health conditions.

  3. Nutrition: The company produces nutrition products for both infants and adults, including products like infant formula, meal replacements, and nutritional supplements. Their well-known brands in this category include Similac and Ensure.

  4. Pharmaceuticals: Abbott also has a strong presence in the branded generic medicines sector, offering medications across a range of therapeutic areas like gastrointestinal health, pain management, and women’s health.

 

Robert B. Ford:
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Dr Robert J. Alpern:
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Dr Sally E. Blount:
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Paola Gonzales:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Michelle Kumbier:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Darren Mcdew:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Nancy Mckinstry:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Michael Roman:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
Daniel J. Starks:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No
John Stratton:
qone: No, qtwo: No, qthree: No, qfour: No, qfive: No, qsix: No

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5 Benchmark > 4 Excellent > 3  Good > 2 Caution > 1 Risk

 

 

 

NYSE
US0028241000
PSX
PK0025701019
KASE
US0028241000
BXS
LU2384387564

 

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Shareholders holding 5% +


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Material Subsidiaries/Associates


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Credit Rating

NameLogoCountryHeadquartersRating
Moody'sCredit LogoUnited States of AmericaNew YorkAa3

 

Countries Operations/ Offices


 

Company Directors

Name
Nationality
Age
Role
Qualification
Name

Robert B.

Executive
NationalityAmerican
52
RoleCEO
QualificationBA Arts, MBA
Date Appointed: 01/01/2019
Duration:
7 years and 6 months
Independance: Y
Name

Robert J.

Non Executive
NationalityAmerican
75
RoleNED
QualificationPh.D
Date Appointed: 01/01/2008
Duration:
18 years and 6 months
Independance: N
Name

Claire

Non Executive
NationalityAmerican
62
RoleNED
QualificationBSc; Master of Laws in Taxation; Juris Doctor
Date Appointed: 01/01/2022
Duration:
4 years and 6 months
Independance: Y
Name

Sally E.

Non Executive
NationalityAmerican
64
RoleNED
QualificationPh.D, MS Organisation, BSE Engineering
Date Appointed: 01/12/2011
Duration:
14 years and 7 months
Independance: N
Name

Paola

Non Executive
NationalityAmerican
54
RoleNED
QualificationNot Available
Date Appointed: 01/09/2021
Duration:
4 years and 10 months
Independance: Y
Name

Michelle

Non Executive
NationalityAmerican
58
RoleNED
QualificationBA Arts, marketing. MBA. Directors program standfors
Date Appointed: 01/01/2018
Duration:
8 years and 6 months
Independance: Y
Name

Darren

Non Executive
NationalityAmerican
65
RoleNED
QualificationMS, Aviation Management
Date Appointed: 01/01/2019
Duration:
7 years and 6 months
Independance: Y
Name

Nancy

Non Executive
NationalityAmerican
67
RoleNED
QualificationMA , MBA , BA
Date Appointed: 01/01/2011
Duration:
15 years and 6 months
Independance: N
Name

Michael

Executive
NationalityUnited States of America
66
RoleCEO
QualificationBS Electrical engineering and MS Electrical engineering
Date Appointed: 01/01/2021
Duration:
5 years and 6 months
Independance: Y
Name

Daniel J.

Non Executive
NationalityAmerican
71
RoleNED
QualificationNot Available
Date Appointed: 01/01/2017
Duration:
9 years and 6 months
Independance: Y
Name

John

Non Executive
NationalityAmerican
RoleNED
QualificationNot available
Date Appointed: 01/01/2017
Duration:
9 years and 6 months
Independance: Y

 

Directors Tenure

Name
Duration
Name

Robert B. Ford

Duration7 years and 6 months
Name

Robert J. Alpern

Duration18 years and 6 months
Name

Claire Babineaux-Fontenot

Duration4 years and 6 months
Name

Sally E. Blount

Duration14 years and 7 months
Name

Paola Gonzales

Duration4 years and 10 months
Name

Michelle Kumbier

Duration8 years and 6 months
Name

Darren Mcdew

Duration7 years and 6 months
Name

Nancy Mckinstry

Duration15 years and 6 months
Name

Michael Roman

Duration5 years and 6 months
Name

Daniel J. Starks

Duration9 years and 6 months
Name

John Stratton

Duration9 years and 6 months

 

Director Experience

Name
Experience
Name

Robert B.

Experience Technology
Name

Robert J.

Experience Other
Name

Claire

Experience Business Services
Name

Sally E.

Experience Education
Name

Paola

Experience Financial Services
Name

Michelle

Experience Automobile, Business Services
Name

Darren

Experience Other, Aerospace and Defence
Name

Nancy

Experience Business Services
Name

Michael

Experience Machinery Manufacturing
Name

Daniel J.

Experience Machinery Manufacturing
Name

John

Experience Telecom

 

Company Auditors

Name
Date Appointed
Years
Name

Ernst & Young

Date Appointed01/12/2020
Year5 years and 7 months

 

Company Past Directors

Name
ED/NED
Role
Name

Glenn F.

ED/NEDNon Executive
RoleNED
Date Appointed: 01/01/2007
Date Resigned: 01/01/2023

 

Company Committees

Name

Robert B. Ford

Mainboard, Audit, Remuneration BD, EX
Name

Robert J. Alpern

Mainboard, Audit, Remuneration BD, NG, OT
Name

Claire Babineaux-Fontenot

Mainboard, Audit, Remuneration BD, AU, OT
Name

Sally E. Blount

Mainboard, Audit, Remuneration BD, NG, OT
Name

Paola Gonzales

Mainboard, Audit, Remuneration BD, AU, NG
Name

Michelle Kumbier

Mainboard, Audit, Remuneration BD, AU, RE
Name

Darren Mcdew

Mainboard, Audit, Remuneration BD, NG, OT
Name

Nancy Mckinstry

Mainboard, Audit, Remuneration BD, AU, RE, EX
Name

Michael Roman

Mainboard, Audit, Remuneration BD, RE, EX, OT
Name

Daniel J. Starks

Mainboard, Audit, Remuneration BD, RE, EX, OT
Name

John Stratton

Mainboard, Audit, Remuneration BD, AU, NG, EX

 

Committee
Abbreviation
Supervisory Board
SB
Board
BD
Risk & Compliance
RC
Audit
AU
Remuneration
RE
Capital investment
CI
Industry Specific
IS
Nominations & Governance
NG
Health, Safety & Environment
HS
Social & Ethics
SE
Technology
TE
Executive
EX
Other
OT