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ABBOTT LABORATORIES W W W . A B B O T T . C O M
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ABBOTT LABORATORIESW W W . A B B O T T . C O M
Abbott LaboratoriesIndiana University
Introduction
Abbott Overview
Financial Professional Development Program (FPDP)
Question and Answer
Introduction Tom Carney
IU Graduate, 1990 – Accounting Abbott Intern, 1989 – Abbott Int’l (AI) Current – Manger of Nutritionals, AI
Kristin Kwiatkowski IU Graduate, 2001 – Finance & Ops Mgmt Abbott Intern, 2000 – Pharmaceutical R&D Current – FPDP, CED
Heather Steffen IU Graduate, 2000 – Finance & Int’l Business Current – Jr. Financial Cost Analyst, ADD
Abbott Laboratories At a Glance
Headquartered in North Chicago, Illinois – a suburban community approximately 30 miles from Chicago.
A diversified healthcare company that discovers, develops, and manufactures and markets innovative products and services that span the continuum of care – from prevention and diagnosis to treatment and cure.
Abbott LaboratoriesAt a Glance
60,100 Employees Fortune 500 Ranking
135 in Revenues 39 in Profits 26 for Minorities 58 in Market Value
Located in 130 Foreign Countries
Industry Week 100 Best Managed Companies
Newsweek Top 10 Internship Programs
Abbott LaboratoriesAt a Glance
$13.7 Billion in Sales (2000) 63% domestic 37% international $15.3 Billion total assets 12.4 % E.P.S. compound
growth – last 10 years
Health Care IndustryLong-Term Business Trends
OPPORTUNITIES Aging Population Higher Discretionary Incomes Scientific Discoveries “Quality of Life” Demand
RISKS Price Controls Regulatory Requirements Drug Development Costs
Abbott LaboratoriesStock Price
0
10
20
30
40
50
60
90 91 92 93 94 95 96 97 98 99 '00$/Share
Compounded Growth 15.7%
Abbott Laboratories
SpecialtyProducts Division
AbbottHealthSystems
Division
RossProducts Division
AbbottInternational
PharmaceuticalProducts Division
AbbottDiagnostics
Division
TAPPharmaceuticals
HospitalProducts Division
Major Business Components PHARMACEUTICALS
Biaxin, Depakote, Norvir, Flomax, Kaletra, Lupron, Prevacid, Synagis TriCor
DIAGNOSTICS Assays (AIDS, hepatitis,cancer, thyroid,
fertility, Clinical Chemistry, Hematology, etc.)& instruments (e.g, AxSYM)
Glucose monitoring HOSPITAL PRODUCTS
Anesthetics, delivery systems, injectablesgenerics, IV solutions, imaging, blood vesselsurgical closure devices
NUTRITIONALS Similac, Isomil, Ensure, Glucerna, Pedialyte
Abbott LaboratoriesFinancial Training Program
WHAT IS IT? Two year program 5 or 6 full-time assignments/4 to 6
months long Real contributor roles Important to operation of business
Hands-on experience At either corporate, division, or operating levels In either FP&A, cost, or reporting
Structured Mentorship
Financial Professional Development Program (FPDP)
MISSION - To develop Financial skills Knowledge of Abbott divisions and
operating environments Superior contributors Future managers
prepared for a variety of positions not trained for a specific discipline
Program Manager Division V.P. or Controller Level Mentor for 1 or 2 trainees Ongoing guidance/counseling on progress and
performance Selection of appropriate training assignments Provides placement assistant upon program completion
Assignment Manager Day to day management Training on specific skills Exposure/Networking opportunities within division Formal evaluation by assignment manager/ trainee
makes recommendations for improvement
Financial Training Program
Strengths of FPDP Program
Cross Functional Exposure
(Non-Finance)
Off-Site Assignments Domestic
International
Pharma
Diagnostics
Hospital Products
Nutritionals
International
ChemicalO
perating
Division
al
Corp
orate
Finance Training Program: Assigments
Reportin
g
Cost
FP&A
Off- Site AssignmentsDomestic
Los Angeles
Boston
Columbus
Dallas
Recent Off- Site Assignments
International
Germany Financial Planning & Analysis Cost Accounting
Ireland Cost Accounting
United Kingdom Financial Planning & Analysis
Graduation Opportunities
Location: Domestic / International
Divisions: Pharma, Diagnostics, Hospital Products, Corporate…
Choice of Discipline: General Accounting/Reporting Manufacturing Accounting Financial Planning & Analysis Treasury
Where are they now?Kevin DolanController
TAP Pharmaceuticals 1981
Stafford O'KellyController, RPD Pharmaceuticals
1985
Mike HodgesDirector, Capital
Markets & Treasury Ops1989 John Poulos
Dir, Licensing &Acquisitions
AI 1980
Cathy HamiltonAssistant Controller
HPD 1986
FPDPGraduates
Jenny DartMgr Portfolio Analysis
PPD 1993
Bill ChaseArea Finance Director
Pacific, Asia, AfricaAI 1991
Where are they now?Jeff Barton Controller ComDisco
Netherlands 1992
Mark SpinaSr Financial AnalystMedical Nutritionals
RPD 1995
Tom CarneyManager, Nutritionals
AI 1992
Rob Michael Manager, Consumer
Glucose FP&AADD 1995
Diane BernsteinBusiness Planning
MediSense ADD 1990
Darron DamasiusFinancial Analyst
Delkenheim, Germany ADD 2000
1990s/2000FPDP
Graduates
Ganesh DalanFinancial Manager
IndiaADD 1998
Bill ChaseArea Finance Director
Pacific, Asia, AfricaAI 1991
Personal Development
Workshops Time Management, Presentation
Skills, Total Quality Management
CPA/CMA Review Courses Exposure
To Senior Management Across Divisions
Abbott “Fringe” Benefits
FPDP Events: Game Works Golf Outings Cub Games
Abbott Sports Leagues
On-site Recreation Facility
Abbott & Work Life Solutions Our future success is directly related to the quality/dedication of out employees
Child care center Clara Abbott Foundation – Family
crisis, natural disasters, medical crisis, educational grants
Flexible work arrangement Recreational and sports activities Wellness Programs – Stress
management, nutrition, on site heath screening
Abbott’s Sales in 2000 were?
A. 40.2 Billion B. 13.7 Billion C. 20.6 Million D. 300.7 Million
Which Product does Abbott Not Make?
A. Health Source Soy Bars B. Similac Infant Formula C. Selsun Blue D. Biaxin
In what year was Abbott founded?
A. 1888 B. 1910 C. 1917 D. 1950
Which of the Following Locations does Abbott not have a Plant?
A. Tokyo, Japan B. St. Remy, France C. Rocky Mount, N.C. D. Kansas City, K.S.
Approximately Where is Abbott’s Stock Trading?
A. $25 B. $50 C. $70 D. $95
What Team Will Win the Big 10 Football Title in 2001?
A. Indiana University B. Indiana University C. Indiana University D. Indiana University
hey…. you gotta keep the faith……
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