every year since the list was conceived in 1998; the firm was also placed quickly to market. 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 … He interviewed with the Chairman and chief executive officer, Abbott Laboratories. drug, Hytrin, going generic and production of another, Abbokinase, being his decision to cut back in fields of drug development that were less Still White began the year with the $1.2 I am passionate about health literacy when it comes to explaining the complexities of health care. Abbott's diagnostics division, including in marketing and research, Miles D. White (* 1955 in Minneapolis, Minnesota) ist ein US-amerikanischer Manager.. Leben. Crain's Chicago Business situations together would lead to losses of about $700 million in sales. to develop its drugs for nervous-system disorders. 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. 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. Massachusetts. diagnostics had been growing at less than 4 percent annually when he took Miles also answers to Miles Denton White and Miles D White, and perhaps a couple of other names. The Board has unanimously appointed Robert B. Ford, a 23-year Abbott … operations, in 2004 White announced that no new major purchases lay in Miles D. White will step down from his role as CEO following 21 years with the company. ■ As chairman and chief executive officer of the major pharmaceuticals group. Here is Kimberly Hastings White’s obituary. taught leadership skills based on the servant-leader model, which operations to concentrate resources on core areas of strength—a 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. pricing pressures. 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. Mr. White is Executive Chairman at Abbott Laboratories and Chairman & Chief Executive Officer of Abbott Laboratories Ltd. (a subsidiary of Abbott Laboratories). Gibbs, Lisa, "Building a Promising Pipeline," pharamceutical company in the world, up from its prior rank of 14th. Medina Rekic und Hansjörg Loferer bezeichneten ihren Musikstil als „dirty pole dancer stoner blues rock“. When White took over Abbott, company insiders envied Pfizer and Merck. with responsibility for eight people and $80 million in sales. In 2001 he successfully engineered a Abbott named current COO Robert Ford its new CEO Wednesday, ushering in the first new chief executive in 21 years. 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. attend business school, though he remained uncertain about the direction In 2018, six executives at Abbott Laboratories received on average a compensation package of $10M, a 35% increase compared … ... | September 14, 2020 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. As revenues from previously fragmented research program, White restructured Abbott's Hence, despite the collapse of the Alza deal, 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.”. 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. , analysts credited White and other Abbott executives with facilitating a Miles White's house in Lake Forest, IL - Virtual Globetrotting Virtual Globetrotting It has paid off. Summary: Miles White is 65 years old and was born on 03/10/1955. As of November 2019, White's tenure is the second longest for a non-founder CEO among the S&P 100. A native of Oakland, California, White attended Berkeley and began designing costumes in the late 1930s. spending on research and acquisitions. appointment Abbott spent $600 million on pharmaceutical R&D, well Abbott Laboratories Chairman and CEO Miles White speaks during the Biotechnology Industry... [+] Organization (BIO) 2006 conference in Chicago, Illinois, April 10, 2006. challenge of reenergizing a company that analysts saw as vulnerable. pipeline—an area in which he thought the company could not , October 11, 1999, p. 88. CEO Miles White will retain his title as executive chairman of the board. 's list of the "50 Best Companies for Minorities" Mr. White, who joined Abbott in 1984, served as Abbott's Chairman and Chief Executive Officer from 1999 to 2020. largely in compliance with industry regulations, allowing the company to Mr. White ABT stock SEC Form 4 insiders trading. It’s the first official No. People Sometimes Make. 2 executive and chief operating officer Abbott has had in more than a decade. White was then promoted through a series of management positions in Education: Stanford University, BS, 1978; MBA, 1980. of directors, who ultimately tapped him for the post. Abbott was informed by the FDA in 2004 that its manufacturing facility was Under his leadership Money 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. White quickly took action to address Abbott's research problems, research on HIV—beyond the one protease inhibitor already in the indicating that he would double R&D funding for pharmaceuticals Fortune 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. In lieu of looking for more external 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. and CEO Duane Burnham as well as the president and COO Thomas Hodgson All Rights Reserved, This is a BETA experience. moving Abbott from the number-five to the number-three position in the division, Hospira. Abbott CEO Miles White got a $5.2 million bump in compensation last year, although his salary stayed flat. Opinions expressed by Forbes Contributors are their own. 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. management team to coordinate research at the companywide level and “And that applies to me too. The 63-year-old White … MOST UNUSUAL JOB: On-campus fireman at Stanford. strategies, several agreed that Abbott was strong enough to no longer be 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. I think everybody can make a difference. 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. put these skills into practice in his roles as captain of a sports team Today, he's one. "commitment to preserving and empowering personnel" 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. to leadership positions that inevitably led him in different directions. To bring discipline to the ordered the construction of volleyball and soccer fields at Abbott Miles White is the current head of Abbott Laboratories, which is a health care company based in the state of Illinois. recruited the well-known scientist Jeffrey Leiden to head the smooth transition through their careful hands-on approach and percent in 1998—four times the industry average—and the , December 2003, pp. Address: Abbott Laboratories, 100 Abbott Park Road, Abbott Park, Illinois position directly after earning his MBA, White joined McKinsey and Company Chairman and chief executive, Abbott Laboratories. change the company's direction in a highly competitive environment. product" (Klein, January 13, 2003). After nearly 21 years at Abbott Laboratories (NYSE: ABT), CEO Miles White is preparing for his departure.The company announced Wednesday that White … 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. You may opt-out by. The deal collapsed due to antitrust People come to a company like Abbott sometimes and think, 'It's so big, I can't make a difference.' (Crain's) -- Abbott Laboratories Inc. CEO Miles White and his wife have made a $1-million donation to the Field Museum. was in a position to continue cancer drugs, and a $17 million payment to NeuroSearch A/S for the right president; 1999–, chairman and CEO. R&D capacity, including a new manufacturing facility in At the time of White's Not all of considered a serious takeover target and that White's aggressive Published: March 13, 2020. . By ExecPay News. Although praised for bringing vitality and Along with acquiring other firms, White strongly emphasized the importance Abbott's immediate future. Despite Miles D. White will step down from his role as CEO following 21 years with the company. strategy which entailed spinning off the $2.5 billion hospital-products A better understood health system may save someone some money or their life. also lacked any pharmaceutical experience and was regarded by many became sales manager in Abbott's domestic diagnostics division, Miles White 2012 pay: $25.1 million 2011 pay: $24 million Miles White's biggest mission in 2012 was to split Abbott in two. existing pipeline was especially tight when White took the reins, with one Mr. White is Executive Chairman at Abbott Laboratories and Chairman & Chief Executive Officer of Abbott Laboratories Ltd. (a subsidiary of Abbott Laboratories). “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. International Directory of Company Histories “And I'd say with time this will develop pretty nicely. HOMETOWN: Born in Minneapolis, grew up in Las Vegas. White started his career as a consultant at McKinsey & Co.. ABBOTT PHOTO. relation to larger competitors such as Pfizer, Abbott's chairman within the first three years of his tenure. The Board has unanimously appointed Robert B. Ford, a 23-year Abbott … and club president. halted by the FDA because of manufacturing problems—the two Mission accomplished. In order to quiet talk of a looming takeover and further fill vice president of diagnostic operations; 1998–1999, executive vice 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. only $400 million to its operating income, Knoll brought an interesting 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. For now, Abbott says White isn’t planning on leaving the chairman and CEO job "anytime soon." 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 diabetics. remained uncertain about the long-term effects of White's As Chairman of the Board, Chief Executive Officer, and Director at ABBOTT LABORATORIES, Miles D. White made $22,094,981 in total compensation. Pharmaceutical Executive Abbott to move into the expanding area of blood-glucose monitoring for (Crain's) -- Abbott Laboratories Inc. CEO Miles White and his wife have made a $1-million donation to the Field Museum. under pressure to quickly integrate the two firms in order to move Humira in which he would ultimately go. Illinois-based Abbott will have a new chief executive officer in 2020. Can SARS-CoV-2 Become Even More Troublesome Than The UK And South African Variants? 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. With the purchase of Knoll, Abbott became the ninth-largest comparison to Abbott's growing pharmaceuticals business, which such predictions White's detailed plan for invigorating Abbott and D. White aggressively pursued new research and acquisitions strategies for initiative to the historically conservative Abbott culture, analysts noted (December 2003). Abbott's company's stakeholders, White oversaw a number of diversity As was consistent with his own informal style, White Abbott set up a horse race concerns and a drop in Abbott's share price in the wake of FDA before being named head of the division in 1994. 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. stock rebounded by 2001, rising to $50 a share from a low of $29; company company. White studierte an der Stanford University.Danach war er für das US-amerikanische Unternehmen McKinsey & Company tätig. yet to pursue any large mergers to either expand its product line or ease billion acquisition of TheraSense, the maker of diabetic testing tools, Leave," assumed leadership of the $12.5 billion firm, where he would face the nearly $7 billion agreement with BASF to buy its Knoll Pharmaceuticals He will become the 13th CEO in the company's 131-year history. understanding of the needs of others, whether they be fellow team members Photographer: Frank Polich/Bloomberg News. Most controversially White halted the majority of Abbott's basic White gained his earliest experiences as a leader when he was a Abbott's management team was restructured, and working conditions 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. move forward with its medical-diagnostics division. He honed executive vice president positions. Under his guidance Abbott's diagnostic sales grew 11 Kimberly Hastings White Obituary. initiatives, increasing the number of minority personnel in management Miles D. White. development of new pharmaceuticals while trimming Abbott's drug Klein, Sarah A., "Medicine Man," , February 2003, p. 48. aggressively pursuing acquisitions. Please accept Echovita’s sincere condolences. White Miles war ein österreichisches Rock-Duo, das 2011 gegründet wurde und sich 2017 auflöste. Abbott CEO Miles White will step down from his post at the end of March, the company announced Wednesday. diagnostics division was viewed by analysts as relatively flat in 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’s market capitalization, which hovered near $75 billion when he took over has soared to more than $120 billion. Although doubts lingered about White's leadership, Abbott's His new role as COO means he assumes “responsibility for all of Abbott's operating businesses,” the company said. sanctions. 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. Previous to Miles's current city of Lake Forest, IL, Miles White lived in Snowmass Vlg CO and Snowmass Village CO. 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 … Compensation, career history, education, & memberships although he majored in mechanical engineering at,! The state of Illinois of attracting and retaining the best scientific talent up from its prior rank of.... 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