Miles D. White took on leadership at Abbott Laboratories, starting as CEO in 2009, then transitioning to Executive Chairman in 2020. He played a significant role in Abbott's aggressive growth strategy, enabling the company to thrive in the competitive healthcare...

Number of Employees

114K

Year

2020

Total Compensation

$6.57M

Salary

$1.90M

Board Justification

Abbott's compensation program is market-based and produces outcomes that directly link to both Company and officer performance. The vast majority of compensation for executive officers is performance-based and objectively determined.

Bonus

$1.25M

Board Justification

Mr. White is eligible for a 2020 annual incentive plan payout for the 3 months he served as CEO. Based on Abbott and Mr. White's performance, the Committee awarded Mr. White a payout of 150% of his target.

Other

$3.42M

Board Justification

Includes various forms of compensation such as security costs, financial planning services, and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2020 as he transitioned to Executive Chairman.

Performance Metrics

Performance metrics include adjusted sales, adjusted diluted EPS, and return on assets.

SEC Filing

From March 12, 2021

Miles D. White

Ex-CEO of Abbott

MD

Education

Bachelor's degree in economics from Stanford University

Field of Expertise

Business & Management

Born

August 6, 1954 - 70 years ago

Is Founder?

No

Tenure

21 years 2 months (Jan 1999 - Mar 2020)

Previous Experience

Joined Abbott in 1984, served in various roles including Senior Vice President of Diagnostic Operations.