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

ABBOTT LABORATORIES W W W . A B B O T T . C O M. Abbott Laboratories Indiana University. Introduction Abbott Overview Financial Professional Development Program (FPDP) Question and Answer. Introduction. Tom Hurwich IU Graduate, 1982 – Accounting

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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 Laboratories Indiana University • Introduction • Abbott Overview • Financial Professional Development Program (FPDP) • Question and Answer

  3. Introduction • Tom Hurwich • IU Graduate, 1982 – Accounting • Current – Assistant Corporate Controller • Kristin Kwiatkowski • IU Graduate, 2001 – Finance & Ops Mgmt • Abbott Intern, 2000 – Global Pharmaceutical Research & Development • Current – FPDP, Pharmaceutical Operations • Heather Steffen • IU Graduate, 2000 – Finance & Int’l Business • Current – Cost Analyst, Abbott International

  4. 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.

  5. Abbott LaboratoriesAt a Glance • 60,100 Employees • Located in 130 Foreign Countries • Fortune 500 Ranking • 135 in Revenues • 39 in Profits • 26 for Minorities • 58 in Market Value • Industry Week 100 Best Managed Companies • Top 10 Employee Benefits Package

  6. 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

  7. 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

  8. Abbott LaboratoriesStock Price Compounded Growth 15.7% $/Share

  9. Abbott Laboratories Ross Abbott Products Division International Abbott Hospital Diagnostics Products Division Division Pharmaceutical TAP Products Division Pharmaceuticals Abbott Specialty HealthSystems Products Division Division

  10. 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, injectables generics, IV solutions, imaging, blood vessel surgical closure devices • NUTRITIONALS • Similac, Isomil, Ensure, Glucerna, Pedialyte

  11. 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

  12. 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

  13. Financial Training Program • 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

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

  15. Finance Training Program: Assigments FP&A Pharma Diagnostics Hospital Products Nutritionals International Chemical Cost Reporting Corporate Operating Divisional

  16. Off- Site AssignmentsDomestic Boston Columbus Los Angeles Dallas

  17. Recent Off- Site AssignmentsInternational • Germany • Financial Planning & Analysis • Cost Accounting • Puerto Rico • Cost Accounting • United Kingdom • Financial Planning & Analysis

  18. Graduation Opportunities • Location: Domestic / International • Divisions: Pharma, Diagnostics, Hospital Products, Corporate… • Choice of Discipline: • General Accounting/Reporting • Manufacturing Accounting • Financial Planning & Analysis • Treasury

  19. Where are they now? Kevin Dolan Controller TAP Pharmaceuticals 1981 Stafford O'Kelly Controller, RPD Pharmaceuticals 1985 Cathy Hamilton Assistant Controller HPD 1986 Jenny Dart Mgr Portfolio Analysis PPD 1993 FPDP Graduates Mike Hodges Director, Capital Markets & Treasury Ops 1989 Bill Chase Area Finance Director Pacific, Asia, Africa AI 1991 John Poulos Dir, Licensing & Acquisitions AI 1980

  20. Personal Development • Workshops • Time Management, Presentation Skills, Total Quality Management • CPA/CMA Review Courses • Exposure • To Senior Management • Across Divisions

  21. Abbott “Fringe” Benefits • FPDP Events: • Game Works • Golf Outings • Cub Games • Abbott Sports Leagues • On-site Recreation Facility

  22. Abbott & Work Life SolutionsOur 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

  23. Abbott’s Sales in 2000 were? • A. 40.2 Billion • B. 13.7 Billion • C. 20.6 Million • D. 300.7 Million

  24. Which Product does Abbott Not Make? • A. Health Source Soy Bars • B. Similac Infant Formula • C. Selsun Blue • D. Biaxin

  25. In what year was Abbott founded? • A. 1888 • B. 1910 • C. 1917 • D. 1950

  26. 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.

  27. Approximately Where is Abbott’s Stock Trading? • A. $25 • B. $50 • C. $60 • D. $80

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