1 / 23

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. Introduction. Jeff Barton IU Graduate, 1990 – Accounting Current – Director, Business Development Financial Planning & Analysis Kristin Kwiatkowski IU Graduate, 2001 – Finance & Ops Mgmt

mandell
Download Presentation

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

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

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

  2. Introduction • Jeff Barton • IU Graduate, 1990 – Accounting • Current – Director, Business Development Financial Planning & Analysis • Kristin Kwiatkowski • IU Graduate, 2001 – Finance & Ops Mgmt • Abbott Intern, 2000 – Global Pharmaceutical Research & Development • Current – FPDP, TAP Pharmaceuticals, Inc. supporting commercial operations.

  3. Abbott LaboratoriesAt a Glance • Over 70,000 Employees • Located in 130 Foreign Countries • Fortune 500 Ranking • 123 in Revenues • 49 in Profits • 35 for Minorities • 27 in Market Value • Industry Week 100 Best Managed Companies • Top 10 Employee Benefits Package • Newsweek Top 10 Internship Programs

  4. Abbott LaboratoriesAt a Glance • $16.3 Billion in Sales (2001) • 62% domestic • 38% international • $23.3 Billion total assets • 11.4 % E.P.S. compound growth – last 10 years

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

  6. 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

  7. Financial Professional Development Program (FPDP) • MISSION - To develop • Financial skills • Knowledge of Abbott divisions and operating environments • Superior contributors • Future leaders • prepared for a variety of positions • not trained for a specific discipline

  8. Financial Professional Development Program (FPDP) 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

  9. Financial Professional Development Program (FPDP) Network Structure Traditional Rotational

  10. (FPDP) Network Example Homecare FP&A Europe Area FP&A Corporate Accounting Ross FP&A Diagnostic Cost Accounting Chemical Cost Accounting Diagnostic Cost Analyst Puerto Rico Asst. Division Controller, Pharma S. Pasadena, Plant Controller Controller, Chemical Commercial Operations FP&A Mgr, Pharma R&D Finance Director, The Netherlands Finance Director, Business Development

  11. 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

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

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

  14. Off- Site AssignmentsDomestic Boston Redwood City,CA Columbus Los Angeles Dallas

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

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

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

  18. Developing Future Financial Leaders Capital Investment Analysis Treasury Ops. Risk Management Tax Accounting Financial Budgeting, Planning & Analysis General Accounting Consolidations & Reporting Cost/ Manufacturing Accounting Acquisitions and Mergers International Accounting Information Systems

  19. Where are they now? Kevin Dolan Controller TAP Pharmaceuticals 1981 Stafford O'Kelly Controller, AI 1985 Cathy Hamilton Assistant Controller HPD 1986 Jenny Dart Mgr Portfolio Analysis PPD 1993 FPDP Graduates Lori Carlson Treasurer International 1983 Bill Chase Area Finance Director AI 1991 John Poulos Dir, Licensing & Acquisitions AI 1980

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

  21. 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

  22. Abbott’s Sales in 2001 were? • A. 40.2 Billion • B. 13.7 Billion • C. 20.6 Million • D. 300.7 Million

  23. Which Location Does NOT Have a FPDP Assignment? • A. West Lafayette, IN • B. Dallas, TX • C. Columbus, OH • D. Boston, MA

More Related