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ABBOTT LABORATORIESW 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 Abbott Intern, 2000 – Global Pharmaceutical
Research & Development Current – FPDP, TAP Pharmaceuticals, Inc.
supporting commercial operations.
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
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
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
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
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
Financial Professional Development Program (FPDP)
Network Structure
Traditional Rotational
(FPDP) Network Example
HomecareFP&A
Europe AreaFP&A
DiagnosticCost Accounting
ChemicalCost Accounting
RossFP&A
CorporateAccounting
Diagnostic Cost AnalystPuerto Rico
S. Pasadena, Plant Controller
FP&A Mgr, Pharma R&D
Asst. Division Controller, Pharma
Controller, ChemicalCommercial Operations
Finance Director, The Netherlands
Finance Director, Business Development
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: Assignments
Reportin
g
Cost
FP&A
Off- Site AssignmentsDomestic
Los Angeles
Boston
Columbus
Dallas
Redwood City,CA
Recent Off- Site Assignments
International Germany
Financial Planning & Analysis Cost Accounting
Puerto Rico Cost Accounting
United Kingdom Financial Planning & Analysis
Personal Development
Workshops Time Management, Presentation
Skills, Total Quality Management
CPA/CMA Review Courses Exposure
To Senior Management Across Divisions
Graduation Opportunities
Location: Domestic / International
Divisions: Pharma, Diagnostics, Hospital Products, Corporate…
Choice of Discipline: General Accounting/Reporting Manufacturing Accounting Financial Planning & Analysis Treasury
Developing Future Financial Leaders
Capital Investment Analysis
Treasury Ops.
Risk ManagementTax Accounting
General Accounting
Consolidations & Reporting
Cost/ Manufacturing
Accounting
Financial Budgeting, Planning &
Analysis
International Accounting
Information Systems
Acquisitions and Mergers
Where are they now?Kevin DolanController
TAP Pharmaceuticals 1981
Stafford O'KellyController, AI
1985
John PoulosDir, Licensing &
AcquisitionsAI 1980
FPDPGraduates
Jenny DartMgr Portfolio Analysis
PPD 1993
Bill ChaseArea Finance Director
AI 1991
Cathy HamiltonAssistant Controller
HPD 1986
Lori CarlsonTreasurer
International1983
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 2001 were?
A. 40.2 Billion B. 13.7 Billion C. 20.6 Million D. 300.7 Million
Which Location Does NOT Have a FPDP Assignment?
A. West Lafayette, IN B. Dallas, TX C. Columbus, OH D. Boston, MA