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ABBOTT LABORATORIES W W W . A B B O T T . C O M PowerPoint Presentation
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ABBOTT LABORATORIES W W W . A B B O T T . C O M
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  1. ABBOTT LABORATORIES W W W . A B B O T T . C O M

  2. Abbott LaboratoriesAt a Glance • 57,000 Employees • Fortune 500 Ranking • 135 in Revenues • 35 in Profits • 28 for Minorities • Industry Week 100 Best Managed Companies • Newsweek Top 10 Internship Programs

  3. Abbott LaboratoriesSales Growth

  4. Abbott Laboratories Product Line

  5. Abbott LaboratoriesFinancial Training Program • Two year program • 5 or 6 full-time assignments • Real work experience • Important to operation of business • Hands-on experience • At either corporate, division, or operating levels • In either FP&A, cost, or reporting • Structured Mentorship

  6. Abbott LaboratoriesFinancial Training Program Pharma Diagnostics Hospital Products Nutritionals International Chemical Divisional Operating Corporate

  7. Caleb Hart FPDP Graduate

  8. Strengths of FPDP Program • Cross Functional Exposure (Non-Finance) • Off-Site Assignments • Domestic • International

  9. Cross Functional Exposure(Non- Finance) • Engineering, Marketing & Sales • Improved Analytical Skills

  10. Off- Site AssignmentsDomestic Boston Columbus Los Angeles Dallas

  11. Off- Site AssignmentsInternational • International Finance • Cultural Experience

  12. Graduation Opportunities • Location: Domestic / International • Divisions: Pharma, Diagnostics, Corporate… • Choice of discipline: • General Accounting • Cost Accounting • Financial Planning & Analysis • Treasury

  13. Where are they now? Kevin Dolan Controller TAP Pharmaceuticals 1981 Stafford O'Kelly Controller, RPD Pharmaceuticals 1985 Cathy Hamilton Controller, Lake County Operation ADD 1986 Lori Reed Controller Div. Financial Planning & Analysis ADD 1987 1980s FPDP Graduates Lori Carlson Treasurer International 1983 Tom Lockowitz Director Product Enhancement HPD 1980 John McGuire Controller Austin, TX Plant HPD 1983

  14. Kathryn Bloomer Current FPDP

  15. Abbott “Fringe” Benefits • Cubs games • Abbott sports leagues • FPDP events: • Local brewery • Picnic • Golf Outing

  16. Mission of FPDP Program To Develop: • fundamental financial skills • knowledge of Abbott divisions and operating areas • superior contributors • future financial managers trained for a variety of positions

  17. FPDP Assignments • Types of assignments: • 45% FP&A • 43% Cost Accounting • 12% General Accounting cost pharma international

  18. Mentoring • Program Manager • Division V.P. or Controller Level • More than 10 years at Abbott • Assignment Manager • FPDP Mentor

  19. Abbott Growth Strategy

  20. Strategic Growth • Internal Investment • Collaborations • Targeted Acquisitions

  21. Internal Investment $Million

  22. Internal Investment - The Payoff AxSYM Architect Norvir IMx Hytrin Sevoflurane Biaxin Survanta

  23. Major Abbott Collaborations • Takeda (TAP) - 1977 • Berlex - 1996 • Medimune - 1997 • Toshiba - 1997 • I-Stat - 1998 • Boehringer Ingelheim - 1999 • Triangle Pharmaceuticals - 1999

  24. Acquisitions • Sequoia-Turner - 1991 • MediSense - 1996 ($900MM) • Murex - 1998 ($234MM) • Perclose - 1999 ($680MM)

  25. ABBOTT LABORATORIES W W W . A B B O T T . C O M