ABBOTT LABORATORIES W W W . A B B O T T . C O M
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ABBOTT LABORATORIES W W W . A B B O T T . C O M
description
ABBOTT LABORATORIES W W W . A B B O T T . C O M. Abbott Laboratories At 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. - PowerPoint PPT Presentation
Transcript of ABBOTT LABORATORIES W W W . A B B O T T . C O M
ABBOTT LABORATORIESW W W . A B B O T T . C O M
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
Abbott LaboratoriesSales Growth
$0$2$4
$6$8
$10$12$14
88 89 90 91 92 93 94 95 96 97 98 99
Net Sales in $Billion
Abbott Laboratories Product Line
Industry Products
Pharmaceuticals Biaxin, Norvir, Prevacid,Survanta, Flomax, Depakote
Nutritional Ensure, Similac, Pedialyte
Diagnostics AxSYM, Architech, TestPack
Hospital Products Anesthetics, Drug DeliverySystems, Injectable Drugs
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
Pharma
Diagnostics
Hospital Products
Nutritionals
International
ChemicalO
perating
Divisional
Corporate
Abbott LaboratoriesFinancial Training Program
Caleb Hart
FPDP Graduate
Strengths of FPDP Program
Cross Functional Exposure (Non-Finance)
Off-Site Assignments Domestic International
Cross Functional Exposure(Non- Finance)
Engineering, Marketing & Sales
Improved Analytical Skills
Off- Site AssignmentsDomestic
Los Angeles
Boston
Columbus
Dallas
International Finance Cultural Experience
Off- Site AssignmentsInternational
Graduation Opportunities Location: Domestic / International Divisions: Pharma, Diagnostics, Corporate… Choice of discipline:
General Accounting Cost Accounting Financial Planning & Analysis Treasury
Where are they now?Kevin DolanController
TAP Pharmaceuticals 1981
Stafford O'KellyController, RPD Pharmaceuticals
1985
Lori CarlsonTreasurer
International1983 John McGuire
ControllerAustin, TX Plant
HPD 1983
Cathy HamiltonController, Lake
County OperationADD 1986 1980s
FPDPGraduates
Tom LockowitzDirector Product
EnhancementHPD 1980
Lori ReedController Div.
FinancialPlanning & Analysis
ADD 1987
Kathryn Bloomer
Current FPDP
Abbott “Fringe” Benefits
Cubs games Abbott sports leagues FPDP events:
Local brewery Picnic Golf Outing
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
FPDP Assignments
Types of assignments: 45% FP&A 43% Cost Accounting 12% General Accounting
costpharma
international
Mentoring
Program Manager Division V.P. or
Controller Level More than 10 years
at Abbott Assignment
Manager FPDP Mentor
Abbott Growth Strategy
Strategic Growth
Internal Investment
Collaborations
Targeted Acquisitions
Internal Investment
0
200
400
600
800
1000
1200
1400
'88 '89 '90 '91 '92 '93 '94 '95 '96 '97 '98
R&D
$Million
Internal Investment - The Payoff
$0
$500
$1,000
$1,500
$2,000
$2,500
88 89 90 91 92 93 94 95 96 97 98
Net Income in $Million
Biaxin
AxSYM ArchitectNorvir
SurvantaSevoflurane
IMx
Hytrin
Major Abbott Collaborations
Takeda (TAP) - 1977 Berlex - 1996 Medimune - 1997 Toshiba - 1997 I-Stat - 1998 Boehringer Ingelheim - 1999 Triangle Pharmaceuticals - 1999
Acquisitions
Sequoia-Turner - 1991 MediSense - 1996 ($900MM) Murex - 1998 ($234MM) Perclose - 1999 ($680MM)
ABBOTT LABORATORIESW W W . A B B O T T . C O M
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