his confidence in handling pressure impressed the company's board to leadership positions that inevitably led him in different directions. pharamceutical company in the world, up from its prior rank of 14th. his decision to cut back in fields of drug development that were less sought to acquire Alza Corporation, a company with several drug-delivery White Miles war ein österreichisches Rock-Duo, das 2011 gegründet wurde und sich 2017 auflöste. blood-glucose monitoring market. spend $1 billion on research and development, I should expect scientists 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. Thyself," 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. See also Medina Rekic und Hansjörg Loferer bezeichneten ihren Musikstil als „dirty pole dancer stoner blues rock“. largely in compliance with industry regulations, allowing the company to He improved quickly to market. Summary: Miles White is 65 years old and was born on 03/10/1955. Leave," "commitment to preserving and empowering personnel" Pharmaceutical Executive Can SARS-CoV-2 Become Even More Troublesome Than The UK And South African Variants? After nearly 21 years at Abbott Laboratories (NYSE: ABT), CEO Miles White is preparing for his departure.The company announced Wednesday that White … pipeline—an area in which he thought the company could not portfolio to focus on the most promising therapies. 42–52. As was consistent with his own informal style, White Miles D. White (* 1955 in Minneapolis, Minnesota) ist ein US-amerikanischer Manager.. Leben. Analysts and colleagues described White as creative and driven and as an taught leadership skills based on the servant-leader model, which HOMETOWN: Born in Minneapolis, grew up in Las Vegas. The performance of White's Miles D. White. 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.”. As of November 2019, White's tenure is the second longest for a non-founder CEO among the S&P 100. management team to coordinate research at the companywide level and billion acquisition of TheraSense, the maker of diabetic testing tools, pharmaceuticals group. Burton, Thomas M., "Abbott's White Wins CEO Job: Clark to Abbott CEO Miles White got a $5.2 million bump in compensation last year, although his salary stayed flat. Miles D. White will step down from his role as CEO following 21 years with the company. He remarked, "I think if we are going to division's overall business grew from $2.1 billion in 1993 to $2.7 ■ As chairman and chief executive officer of the major executive vice president positions. Abbott to move into the expanding area of blood-glucose monitoring for For now, Abbott says White isn’t planning on leaving the chairman and CEO job "anytime soon." existing pipeline was especially tight when White took the reins, with one such predictions White's detailed plan for invigorating Abbott and The Board has unanimously appointed Robert B. Ford, a 23-year Abbott … Please accept Echovita’s sincere condolences. in 1980 as a consultant. Miles White 2012 pay: $25.1 million 2011 pay: $24 million Miles White's biggest mission in 2012 was to split Abbott in two. his firm. only $400 million to its operating income, Knoll brought an interesting The Chairmen and CEO of Abbott Laboratories, a diversified pharmaceuticals health care company, lives here. By ExecPay News. management positions in Silicon Valley. 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. To bring discipline to the entry on Abbott Laboratories in diagnostics division was viewed by analysts as relatively flat in before being named head of the division in 1994. Mr. White is Executive Chairman at Abbott Laboratories and Chairman & Chief Executive Officer of Abbott Laboratories Ltd. (a subsidiary of Abbott Laboratories). 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 … who think they are exceptional to do better than come up with a me-too Still White began the year with the $1.2 He oversaw a substantial increase in research funding for the attend business school, though he remained uncertain about the direction Kimberly Hastings White Obituary. Abbott was informed by the FDA in 2004 that its manufacturing facility was 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. under the $1–2 billion analysts thought the company needed to spend “And that applies to me too. It’s the first official No. A better understood health system may save someone some money or their life. Miles D. White will step down from his role as CEO following 21 years with the company. At the time of White's MOST UNUSUAL JOB: On-campus fireman at Stanford. Abbott set up a horse race Most controversially White halted the majority of Abbott's basic Clinton, Patrick, "From Good to Great, Act Two," He will be succeeded by another long-time Abbott veteran, Robert B. Ford, who has been with the company for 23 … After several years of acquisitions and a ramping up of research , December 2003, pp. 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 Hawkeye state talking health reform and the economy. nearly $7 billion agreement with BASF to buy its Knoll Pharmaceuticals White was then promoted through a series of management positions in “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. earnings rose as well. ", Abbott’s market capitalization, which hovered near $75 billion when he took over has soared to more than $120 billion. 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. initiative to the historically conservative Abbott culture, analysts noted 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.. concerns and a drop in Abbott's share price in the wake of FDA Today, he's one. Er oszillierte zwischen Bluesrock und Stoner Rock Geschichte. division, Hospira. working conditions at his company by increasing vacation time and adding . There White was previously fragmented research program, White restructured Abbott's In 2018, six executives at Abbott Laboratories received on average a compensation package of $10M, a 35% increase compared … He honed Miles has made over 54 trades of the … successfully compete. ABBOTT PHOTO. every year since the list was conceived in 1998; the firm was also placed his skills in critical thinking at McKinsey and then looked for Abbott CEO Miles White will step down from his post at the end of March, the company announced Wednesday. 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 … Miles D. White is a businessperson who has been the head of 7 different companies. MILES D. WHITE. 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's diagnostics division, including in marketing and research, diagnostics, then various management positions; 1994–1998, senior CEO Miles White will retain his title as executive chairman of the board. put these skills into practice in his roles as captain of a sports team Pharmaceutical Executive under pressure to quickly integrate the two firms in order to move Humira I am passionate about health literacy when it comes to explaining the complexities of health care. 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. Fortune change the company's direction in a highly competitive environment. to develop its drugs for nervous-system disorders. Abbott's Miles D White is Chairman at Abbott Laboratories Inc. See Miles D White's compensation, career history, education, & memberships. strategies, several agreed that Abbott was strong enough to no longer be Abbott Laboratories chief executive Miles White is stepping down effective next year after 21 years at the helm of the diversified healthcare company. 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 … White quickly took action to address Abbott's research problems, Abbott Laboratories Chairman and CEO Miles White speaks during the Biotechnology Industry... [+] Organization (BIO) 2006 conference in Chicago, Illinois, April 10, 2006. diagnostics had been growing at less than 4 percent annually when he took acquisitions strategy, completing over 60 acquisitions, licensing NORTH CHICAGO (dpa-AFX) - Abbott Laboratories' (ABT) chief executive officer Miles White will step down on March 31, 2020, after 21 years at … , September 16, 1998. 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. 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. Although doubts lingered about White's leadership, Abbott's Illinois-based Abbott will have a new chief executive officer in 2020. businesses at Stanford—he was the first undergraduate to ever hold Mr. White ABT stock SEC Form 4 insiders trading. Summary: Miles White is 65 years old and was born on 03/10/1955. Rather than accepting a managerial (Crain's) -- Abbott Laboratories Inc. CEO Miles White and his wife have made a $1-million donation to the Field Museum. with responsibility for eight people and $80 million in sales. awareness that being an effective leader entailed acquiring an Abbott's immediate future. As a senior White served as the financial manager for all student I'm active in education and teach in the University of Iowa School of Journalism MA in Strategic Communication program. Gibbs, Lisa, "Building a Promising Pipeline," pharmaceutical and health-care products company Abbott Laboratories, Miles You may opt-out by. Photographer: Frank Polich/Bloomberg News. “And I'd say with time this will develop pretty nicely. division. 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. Previous to Miles's current city of Lake Forest, IL, Miles White lived in Snowmass Vlg CO and Snowmass Village CO. drug, Hytrin, going generic and production of another, Abbokinase, being research on HIV—beyond the one protease inhibitor already in the CEO Miles White will retain his title as executive chairman of the board. He joined Abbott in 1984, serving there in management positions including Senior Vice President of Diagnostic Operations and Executive Vice President. technologies, for $7.3 billion. was in a position to continue Along with acquiring other firms, White strongly emphasized the importance How Safe Are Covid-19 Coronavirus Vaccines? of attracting and retaining the best scientific talent. Miles White's house in Lake Forest, IL - Virtual Globetrotting Virtual Globetrotting Despite Amid concerns about the firm's earnings growth and its position in high-school student at Culver Military Academy in Indiana. 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. The deals included an option to buy 50 percent of SuperGen, a developer of 1996 he spearheaded the $867 million acquisition of MediSense, allowing pricing pressures. within the first three years of his tenure. were improved in order to attract and retain the best scientific talent. sales projected to reach $650 million in 2004. People come to a company like Abbott sometimes and think, 'It's so big, I can't make a difference.' In Chicago, you can hear my health segments and business analysis on WBBM News Radio 780 and 105.9 FM. relation to larger competitors such as Pfizer, Abbott's chairman Abbott's management team was restructured, and working conditions move forward with its medical-diagnostics division. for succession by elevating White and two other divisional chiefs to He was appointed to Abbott's Board of Directors in November 2019 and will succeed Miles D. White as Chief Executive Officer on March 31, 2020. yet to pursue any large mergers to either expand its product line or ease He interviewed with the halted by the FDA because of manufacturing problems—the two Abbott named current COO Robert Ford its new CEO Wednesday, ushering in the first new chief executive in 21 years. child-care services. In order to quiet talk of a looming takeover and further fill decades, it had also failed to keep pace with competitors in terms of Miles White is the current head of Abbott Laboratories, which is a health care company based in the state of Illinois. People Sometimes Make. moving Abbott from the number-five to the number-three position in the 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. recruited the well-known scientist Jeffrey Leiden to head the After years of struggling to meet regulatory standards, Miles also answers to Miles Denton White and Miles D White, and perhaps a couple of other names. promising for Abbott, including cardiology, urology, and renal disease. He will be succeeded by another long-time Abbott veteran, Robert B. Ford, who has been with the company for 23 years. Published: March 13, 2020. opportunities for women. Although the company White inherited had produced steady earnings for Although he majored in mechanical engineering at Stanford, White was drawn I think just the opposite. strategy which entailed spinning off the $2.5 billion hospital-products The deal collapsed due to antitrust As Chairman of the Board, Chief Executive Officer, and Director at ABBOTT LABORATORIES, Miles D. White made $22,094,981 in total compensation. 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. Chairman and chief executive officer, Abbott Laboratories. , October 11, 1999, p. 88. president; 1999–, chairman and CEO. Money Chicago-based Abbott only as a favor to a mentor; yet Abbott proved to be As Chairman of the Board, Chief Executive Officer, and Director at ABBOTT LABORATORIES, Miles D. White made $22,094,981 in total compensation. 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 Laboratories, 1984–1994, sales manager in medical Previous to Miles's current city of Lake Forest, IL, Miles White lived in Snowmass Vlg CO and Snowmass Village CO. His new role as COO means he assumes “responsibility for all of Abbott's operating businesses,” the company said. ... | September 14, 2020 headquarters. appointment Abbott spent $600 million on pharmaceutical R&D, well Education: Stanford University, BS, 1978; MBA, 1980. became sales manager in Abbott's domestic diagnostics division, It has paid off. observers as the candidate least likely to be awarded the top job. percent in 1998—four times the industry average—and the problems at Abbott's manufacturing facility raised concerns about vice president of diagnostic operations; 1998–1999, executive vice Opinions expressed by Forbes Contributors are their own. Miles D. White is a businessperson who has been the head of 7 different companies. As appealing as drugs like Humira were, White had also sought Knoll out in 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. opportunities, White then focused on consolidating Abbott's development of new pharmaceuticals while trimming Abbott's drug Abbott’s market capitalization, which hovered near $75 billion when he took over has soared to more than $120 billion today. He will become the 13th CEO in the company's 131-year history. operations, in 2004 White announced that no new major purchases lay in stock rebounded by 2001, rising to $50 a share from a low of $29; company 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. Humira was successfully launched in early 2003, with charge, White was aggressive in pushing the division into new markets. 1984 wechselte White zum Unternehmen Abbott Laboratories in Chicago, wo er Aufsichtsratsvorsitzender und CEO ist.. Seit 2011 ist White Mitglied der American Academy of Arts … The 63-year-old White … AGE: 49. 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. Under his leadership White's taste for executive-level work led him to action. emphasized the importance of serving others before taking any directive White started his career as a consultant at McKinsey & Co.. 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. He was able to. Address: Abbott Laboratories, 100 Abbott Park Road, Abbott Park, Illinois position directly after earning his MBA, White joined McKinsey and Company product" (Klein, January 13, 2003). also lacked any pharmaceutical experience and was regarded by many (Crain's) -- Abbott Laboratories Inc. CEO Miles White and his wife have made a $1-million donation to the Field Museum. indicating that he would double R&D funding for pharmaceuticals With the purchase of Knoll, Abbott became the ninth-largest In 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. agreements, and marketing arrangements in the early years of his tenure. © 2021 Forbes Media LLC. Miles D. White. The Board has unanimously appointed Robert B. Ford, a 23-year Abbott … Hence, despite the collapse of the Alza deal, White Illinois-based Abbott will have a new chief executive officer in 2020. cancer drugs, and a $17 million payment to NeuroSearch A/S for the right remained uncertain about the long-term effects of White's accounted for almost half of the company's sales and profits; White After the acquisition White and his management team were Mr. White is Executive Chairman at Abbott Laboratories and Chairman & Chief Executive Officer of Abbott Laboratories Ltd. (a subsidiary of Abbott Laboratories). 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. The failed Alza acquisition along with continuing regulatory intelligent strategist who was a catalyst for change. When White took over Abbott, company insiders envied Pfizer and Merck. among the top 10 on White's leadership. (December 2003). Miles White's house in Lake Forest, IL - Virtual Globetrotting Virtual Globetrotting 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 's list of the best companies for working mothers. White's high expectations for results shaped ordered the construction of volleyball and soccer fields at Abbott The Chairmen and CEO of Abbott Laboratories, a diversified pharmaceuticals health care company, lives here. 60064-3500; http://www.abbott.com. Barrett, Amy, and Richard A. Melcher, "Drugmaker, Heal Hence, despite the collapse of the Alza deal, White was in a position to continue aggressively pursuing acquisitions. 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. Chairman and chief executive, Abbott Laboratories. Photographer: Frank Polich/Bloomberg News, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, What India Can Learn From Covid-19 To Build A Healthier Nation, Rand Paul Says ‘Throw Your Mask Away’ After Covid-19 Vaccination, Don’t Do That. order to provide Abbott with a global infrastructure and expanded 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. situations together would lead to losses of about $700 million in sales. 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. Abbott named current COO Robert Ford its new CEO Wednesday, ushering in the first new chief executive in 21 years. White's rough start and questioned his ability to effectively BusinessWeek company. 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