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

Abbott Intern, 2000 Global Pharmaceutical
Research & Development
Current FPDP, TAP Pharmaceuticals, Inc.
supporting commercial operations.

Abbott Laboratories
At 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 Laboratories
At 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
Ross
Products Division

Abbott
International

Abbott
Diagnostics
Division

Hospital
Products Division

Pharmaceutical
Products Division

TAP
Pharmaceuticals

Specialty
Products Division

Abbott
HealthSystems
Division

Major Business Components

PHARMACEUTICALS

DIAGNOSTICS

Assays (AIDS, hepatitis,cancer, thyroid,

fertility, Clinical Chemistry, Hematology, etc.)
& instruments (e.g, AxSYM)

Glucose monitoring

HOSPITAL PRODUCTS

Biaxin, Depakote, Norvir, Flomax, Kaletra, Lupron, Prevacid, Synagis TriC

Anesthetics, delivery systems, injectables

generics, IV solutions, imaging, blood vessel
surgical 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

Homecare
FP&A

Europe Area
FP&A

Diagnostic
Cost Accounting

Corporate
Accounting

Ross
FP&A

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

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

Strengths of FPDP Program

Cross Functional Exposure

(Non-Finance)

Off-Site Assignments
Domestic
International

Finance Training Program:

Assignments
FP

&

Pharma

R
ep
C
os
or
t
g ti
n

Diagnostics
Hospital Products
Nutritionals
International
Chemical

Corporate

Divisional

Operating

Off- Site Assignments

Domestic
Boston
Redwood
City,CA
Columbus
Los
Angeles
Dallas

Recent Off- Site Assignments

International

Germany

Puerto Rico

Financial Planning & Analysis

Cost Accounting
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 Management

Tax Accounting

General
Accounting
Consolidations
& Reporting

Cost/
Manufacturing
Accounting

Financial
Budgeting,
Planning &
Analysis

International
Accounting

Information
Systems

Acquisitions
and Mergers

Where are they now?

Kevin Dolan
Controller
TAP Pharmaceuticals
1981
Cathy Hamilton
Assistant Controller
HPD 1986

Lori Carlson
Treasurer
International
1983

FPDP
Graduates

John Poulos
Dir, Licensing &
Acquisitions
AI 1980

Stafford O'Kelly
Controller, AI
1985

Jenny Dart
Mgr Portfolio Analysis
PPD 1993

Bill Chase
Area Finance Director AI
1991

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

Abbotts Sales in 2001 were?

A.
B.
C.
D.

40.2 Billion
13.7 Billion
20.6 Million
300.7 Million

Which Location Does NOT Have

a FPDP Assignment?

A. West Lafayette, IN
B. Dallas, TX
C. Columbus, OH
D. Boston, MA