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C O N N E C T I N G O U R R E T I R E D E M P L OY E E S
Abbott ConnectDear Abbott Retiree,
It’s springtime here at Abbott Park: We’re wrapping up the year’s first quarter, our 2017 Annual Report was just published, and we’re looking forward to another excellent year for our company.
As our Annual Report makes clear, 2017 was a truly outstanding year for Abbott. Our worldwide sales increased approximately 5 percent, to $27.4 billion. Earnings per share rose by almost 14 percent.
This led to the best results for Abbott shares in 20 years. Our stock price rose almost 50 percent in 2017, hitting 20 all-time highs along the way, and once again, we generated excellent cash flow. This allowed us to return $2 billion to shareholders in the form of dividends and share repurchases.
Our performance again makes us a member of the S&P 500 Dividend Aristocrats Index, which recognizes companies that have raised their dividend for at least 25 consecutive years. We’ve now done it for more than 46, and in February, we paid our 376th consecutive quarterly dividend since 1924.
Those dividends, combined with growth in our stock price, resulted in a total shareholder return of 52 percent, the best in our fundamental peer group.
So, again, it was a very good year for Abbott. This year, 2018, is our 130th, but our view is that we’re only as old as our last year — that Abbott is a perpetually new company with a long legacy of success that informs where we go next and how we get there. That’s a powerful combination: the experience of a company that’s succeeded for generations and the ambition and energy of a new company with fresh opportunities.
The opportunities before us are as good and as promising as they’ve ever been. Our internal research and development efforts are producing breakthrough results, such as our FreeStyle Libre glucose-monitoring system for people with diabetes, and our strategic additions to the company — St. Jude Medical in our devices business and Alere in our diagnostics division — give us leading positions in new markets.
The result is what we expect to be Abbott’s next great era. We’re bringing life-changing technologies to more people than ever before, helping them — and all of us in the Abbott family — to live life more fully.
All the best,
Chairman of the Board and Chief Executive Officer
M A R C H 2018
Abbott is a perpetually new company with a long legacy of success that informs where we go next and how we get there.
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Every year since 1984, Abbott has been named to Fortune’s “Most Admired Companies” list, and this year is no exception. Not only did we rank No. 1 in our industry for the fifth year in a row, but we also came in first in our industry for people management, social responsibility, long-term investment value, quality of products/services, and global competitiveness.
Each year, Fortune — one of the world’s leading business publications — surveys top executives and directors from Fortune 1000 and Global 500 corporations to identify the companies that have the strongest reputations. Companies are evaluated on financial soundness, global competitiveness, innovation, people management, quality of management, quality of products and services, social responsibility, use of corporate assets, and value as a long-term investment.
Our innovations have made a real difference in many lives: nourishing babies, improving heart health, helping people live with less pain and fewer tremors, freeing those with diabetes from routine finger-sticks, and providing diagnostic tests that give people the health information they need to make some of their biggest life decisions. It’s these contributions and others that have made Abbott so admired around the world.
MOST ADMIRED AGAIN!
ABBOTT ONLINE RETIREE DIRECTORY RAFFLE WINNERSCongratulations to the retirees listed below, who won either a duffle bag or a cooler for having their names listed in the online Retiree Directory on abbottcore.com! To share your contact information with your fellow retirees, log on to the website and click on the Online Retiree Directory link in the top-right corner. You can select the information you choose to share and upload an appropriate photo, as well.
Important note: Information you update through the online directory is not transmitted back to Abbott. If you change your address, phone number, or email address, directly report it to the Abbott Benefits Center at (844) 306-9222 ( for U.S. retirees) or your local HR office.
TECH KNOWLEDGELooking for a new show to binge watch? Check out Abbott’s YouTube series, Tech Knowledge.
Each 2-minute episode of Tech Knowledge, an online video series about Abbott innovations, takes audiences behind the scenes of our life-changing health technology. Abbott experts showcase our latest innovations and advancements and how they’re helping people live their fullest lives. Plus, the entire series is hosted by Lorena Oliveira, a colleague in our nutrition business.
View the series at www.abbott.com/tech-knowledge.html.
Lorena Oliveira, Medical Sales Representative, Nutrition
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Julie Beck, TexasTravis Carr, CaliforniaJames Crow, GeorgiaBarry Gerber, FloridaBrian Golwitzer, IllinoisDale Hiatt, TexasDebbie Horsley-Robinson, Illinois Jeremiah Kelly, Texas
Young Ran Kim, CaliforniaAlfred Kwok, CaliforniaDenton Langridge, TexasJames Marrone, Illinois Dorothy Redfern, Ohio Robert Sowatsky, WashingtonCheryl Spencer, PennsylvaniaCarol Stebbins, Arizona
To find more information about Abbott on social media, go to your web browser and type in one of the URL addresses below:
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FREESTYLE LIBRE
As the global population ages, the number of people diagnosed with diabetes increases. The FreeStyle Libre system, Abbott’s breakthrough glucose monitoring technology, is changing the way people with diabetes test their glucose levels. With the FreeStyle Libre system, they no longer must endure the pain of multiple finger-sticks each day to monitor their glucose levels. Instead, they can take readings by simply swiping a reader over a small sensor worn on the back of the upper arm. With the system receiving approval in the United States last fall, more than 500,000 people in 42 countries now use the device to live fuller lives through better health.
Abbott’s FreeStyle Libre system also was recently named a 2018 BIG Innovation Award winner in the United States for the second consecutive year by the Business Intelligence Group. This award recognizes the organizations, products, and people that are bringing new ideas to life. Available now in most major markets around the world, the FreeStyle Libre system is reinforcing our reputation as a leading technology company.
Visit www.freestylelibre.us for detailed indications for use and safety information.
The Abbott World Marathon Majors is a series of competitive races comprising six of the largest and most renowned marathons in the world: Tokyo, Boston, London, Berlin, Chicago and New York City.
Our involvement with these esteemed races helps increase the awareness and reputation of the Abbott brand around the globe. In addition, it gives Abbott colleagues the special opportunity to participate in some of the most prestigious marathons.
Now, our retirees can participate, too, by entering a lottery to receive a race bib for one of the marathons this fall, including Berlin on September 16, Chicago on October 6, and New York City on November 4.
If you are a runner and would like to enter, send an email to [email protected] by Monday, April 30, indicating that you’re an Abbott retiree. Race bib winners will also receive Abbott-branded apparel, pre- and post-race hospitality, and access to other marathon-weekend activities.* If you have already registered for one of the marathons and don’t need a bib, you may still submit your name to the address above to receive these additional perks.
Finally, Abbott has Cheer Zones at several of the marathons for those who wish to support our runners. Information on how to enter the Cheer Zone lottery will be available this summer.
*Marathon runners are responsible for their own travel and accommodation expenses.
DO YOU WANT TO RUN A MARATHON?
COMMENTS AND QUESTIONS: Corporate Relations: H395/AP6C-2, 100 Abbott Park Road, Abbott Park, Illinois 60064-6048 Email: [email protected] • Phone: (224) 668-3900 • Website: www.abbottcore.com To receive the periodic emails sent to active employees from the Office of the Chairman and CEO, send your request to [email protected].
Pictured above is Eric High, a member of Team Abbott, running in the 2017 Chicago Marathon.
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DAVE THOMPSON Abbott retiree Dave Thompson was named a “2017 Distinguished Alumnus” by South Dakota State University (SDSU), from which he graduated in 1964. This award recognizes individuals who have demonstrated outstanding achievement in many areas, including service to community, distinction in profession, commitment to education, and support of SDSU.
It was at SDSU that Dave was first recruited to Abbott in the nutrition division, making Similac infant formula. His Abbott career went on to span 31 years and included management roles in nutrition, diagnostics, and human resources. He was at the head of the diagnostics division in 1985 when Abbott introduced the first licensed test to detect HIV in the blood.
Dave retired in 1995 as Senior Vice President, Strategic Improvement Processes. (True to his roots, he continues to support a scholarship fund at SDSU for the dairy manufacturing and food science departments.) He currently lives in North Barrington, Illinois, with his wife of 54 years, Marilyn. He can be reached at [email protected].
CAROL McDONOUGH After their respective retirements in April 2015, Carol and Jim McDonough embarked on a lifelong dream to sail America’s Great Loop, a circumnavigation of the Eastern United States and part of Canada. The route follows an approximately 6,000-mile loop that includes the Gulf and Atlantic Intracoastal Waterways, the New York State Canals, the Canadian Canals, the Great Lakes, inland rivers, and the Gulf of Mexico.
Carol and Jim set out in October 2016 and completed the loop on September 11, 2017, earning their gold burgee flag from the American Great Loop Cruisers Association (AGLCA). Along the way, they visited historical sites, encountered ocean wildlife, sampled food in a variety of locales, and enjoyed cocktails with other Gold Loopers. Carol noted, “The loop is about the journey, not the destination. The friends we made and the memories we now share are our greatest treasures.”
Carol retired from Abbott’s diagnostics business with 23 years of service. She and Jim live in Spring City, Tennessee. They have two daughters and seven grandchildren. Carol can be reached at [email protected].
RETIREE SPOTLIGHTS
Dave Thompson
Carol and Jim McDonough are pictured on their boat, showcasing the coveted gold burgee flag from AGLCA.
YOUNG RAN KIMRetiree Young Ran Kim recently released her memoir, The Long Road to the Sixth ROK (Republic of Korea), a story about her family’s survival during the period from post-World War II through the Korean War. Her book details how her family survived and how she came to America, received three advanced degrees, and became a productive American citizen.
During her long career, Young Ran published 22 scientific papers in peer-reviewed journals and authored or coauthored 33 technical patents issued in the United States, Europe, and Japan. She said the best decision she has ever made was joining Abbott in 1992 and spending the final years of her professional career with a stable and respected U.S. company.
Young Ran retired in 2006 from Abbott’s diagnostics business with 15 years of service. She currently lives in Santa Rosa, California, with her husband of 10 years, William Zane, and enjoys playing tennis to maintain her health. Her email address is [email protected].
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ABBOTT RETIREE LUNCHEONS
LOCATION CONTACT TELEPHONE EMAILAshland, Ohio Gary Greene (419) 289-3365 [email protected]
Columbus, Ohio Jim Berry (614) 436-1480 [email protected]
Costa Mesa, California Corporate Relations (224) 668-3900 [email protected]
Dallas, Texas Al Currie (214) 827-9319 [email protected]
Lake County, Illinois Ron Diehl (847) 530-7302 [email protected]
Phoenix, Arizona Corporate Relations (224) 668-3900 [email protected]
Princeton, New Jersey Corporate Relations (224) 668-3900 [email protected]
Rocky Mount, North Carolina Jane Tyson (252) 478-4744 [email protected]
San Francisco, California Corporate Relations (224) 668-3900 [email protected]
Tampa, Florida Corporate Relations (224) 668-3900 [email protected]
To learn more about retiree activities and gatherings around the country, contact the people below:
• FRIDAY, SEPT. 7, 2018 – Princeton, New Jersey
• FRIDAY, SEPT. 14, 2018 – Rocky Mount, North Carolina
• FRIDAY, SEPT. 28, 2018 – Dallas, Texas
• FRIDAY, OCT. 12, 2018 – Costa Mesa, California
• MONDAY, OCT. 22, 2018 – Columbus, Ohio
• MONDAY, OCT. 29, 2018 – Lake County, Illinois
• FRIDAY, NOV. 2, 2018 – Burlingame, California
• TBD, FEB. 2019 – St. Petersburg, Florida
• TBD, FEB. 2019 – Phoenix, Arizona
Abbott hosts regional retiree luncheons across the United States for eligible Abbott retirees to reconnect with former colleagues and learn more about what is happening with the company. Upcoming retiree meetings are listed below. To register, visit www.abbottcore.com under “Meetings and Events” or call (224) 668-3900, Monday through Friday, between 8:00 a.m. and 5:00 p.m. CDT/CST.
Pictured above are retirees Agripina Gonzalez and Rosario Valdez, who attended the Abbott retiree meeting in Dallas, Texas, last September.
Corlis Murray (right), Senior Vice President, Quality Assurance, Regulatory and Engineering Services, is pictured at the Florida retiree meeting with Martin Lopez, one of Abbott’s longest-serving retirees, who retired from our diagnostics business in 2016 with 54 years of service.
Brian Yoor, Executive Vice President of Finance and Chief Financial Officer, met with Abbott retirees for a group photo at our February 2018 retiree luncheon in Phoenix, Arizona.
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AUGUST 2017Mary A. Biehler, HPDElmo G. Gonzalez, GISSteven A. Marx, CHMSBetty L. Morgan, RPD/ANCeferina V. Peel, HPDAlan S. Rosenthal, PPDJudith M. Soghigian, ENGRLloyd A. Wegman, ADD
SEPTEMBER 2017Roberto Anguiano, GPOMary A. Babcock, ADDGeorge M. Boyeas, ADDVictor J. Caranna, ADDJoan Daker, GISRichard E. Glant, RPD/ANJoanne C. Green, GPOPhilip J. Hannon, FINDavid C. Hartley, PPDBruce E. Hatfield, PPDWanda Hunter, RPD/ANRonald J. Kostich, HPDMargaret B. Molter, RPDHubert N. Moore, HPDVincent Napodano, FINBarbara A. Nelson, PPDMichael A. Ostoja, FINNate H. Penzick, PPDSharon S. Rockwell, RPD/ANMary H. Ryan, FINBertha M. Shugar, HPDJames G. Snodgrass, FINJohn C. Tossava, ENGRMona K. Whitley, ADDBetty M. Young, FIN
OCTOBER 2017Robert L. Archer, HPDRobert F. Beine, PPDRobert J. Brie, HPDMildred C. Davis, HPDJames Ferger, CAPDJames M. Francoeur, APOCBarbara J. Frazier, HPDIvon Glover, HPDHelen L. Hardwick, HPDRonald N. Hedgepeth, HPDJessie F. Howell, HPDPhillip F. Howitz, RPD/ANSusan J. Jarosz, MPGWalter L. Jimison, CHRFrancisco Martinez, FINEleanor H. Naden, ADDBilly K. Reade, RPD/ANGary A. Rotert, GPRDMyrtle M. Smith, FINLarry Swaton, ADDLockhart P. Tuttle, PPDThomas P. Urban, HPD John W. Webb, HPDJerry R. Whitmer, RPD/ANMildred E. Wolf, ANSCSandra L. Wood, RPD/AN
NOVEMBER 2017Mary B. Boone, HPDAnthony Botting, AIBeverly A. Cianciola, ADDFlora Clark, HPDDorcas S. Cooper, HPDRobert D. Cox, FINRichard Delapena, CAPDJuan J. Esparza, CHMSDavid A. Gibour, CHMSDavid H. Kestler, FINRose-Marie V. Krueger, HPDKimberly A. Mathewson, AAHRomaine E. Nelson, ANSCMary A. Perez, GENCDoris Phillips, FINLucille K. Russell, PPDJoan S. Sanders, GESMichael P. Skrlac, ENGRMadaline A. Solt, RPD/ANBarbara A. Zorzy, CAPD
DECEMBER 2017Walter Allen, RPD/ANCharles H. Asp, CAPDCharles S. Brown, FINLewis E. Compton, RPD/ANJames A. Duke, FINWaclaw Ekstowicz, FINFrank B. Fisher, RPD/ANJames G. Gustafson, CHMSWanda L. Hall, RPDLewis R. Jarnigo, ENGRJack Jovanovich, FINRonald King, HPDDebora L. Klebe, GPOKingsley F. Langenberg, PPDHarold Langley, HPDQuintin Lim, PPDJohn L. Lynch, HPDJosephine Martin, HPDErnestine McCray, ADDLawrence D. Neargarder, ADDDonald E. Niemeyer, HPDThomas F. Osborne, FINNicholas J. Pappadakis, ADDPhilip C. Polk, RPD/ANWilliam A. Poplin, HPDDana R. Prozeller, HPDOllie M. Ruth, FINBetty L. Smith, FINDoris G. Thorne, HPDEamonn J. Vize, PPG Herbert S. Walters, RPD/ANJames A. Wood, RPD/AN
JANUARY 2018Calvin Bora, FINPatricia A. Bowden, HPDCornelius Flynn, AQRShirley A. Green, ADDViolet C. Harbour, ADDPeggi Long, FINSylvia Manley, HPDTommy L. Mason, AHD
Ronald J. Navratil, CHMS Arnis H. Rapa, AVElaine Y. Simmons, FINWilliam C. Sparks, RPD/ANGilda H. Tillery, HPDPomielee Watson, HPDRansom Williams, ADD
FEBRUARY 2018Edward D. Dudley, RPD/AN Phyllis L. Farm, CHRBertha Hernandez, HPDFern Lamberson, PPDSeini L. Malekamu, HPDMaxcy B. Patterson, FIN Richard D. Stanley, ANSC Mary B. Sumner, HPD
MARCH 2018Joseph C. Knight, HPD
ABBOTT OFFERS DEEPEST SYMPATHY TO THE FAMILY AND FRIENDS OF THE FOLLOWING RETIREES WHO HAVE PASSED AWAY.
AAH Abbott Animal HealthADC Abbott Diabetes CareADD Abbott Diagnostics DivisionAHD Abbott HealthSystemsAI Abbott InternationalAM Abbott MolecularAMO Abbott Medical OpticsAN Abbott Nutrition ANI Abbott Nutrition InternationalANPD Abbott Nutrition Products DivisionANSC Abbott Nutrition Supply ChainAPOC Abbott Point of CareAQR Abbott Quality and RegulatoryAV Abbott VascularCAPD Chemical and Agricultural Products
DivisionCHMD Corporate Headquarters ManagementCHMS Corporate Hospital Management SystemsCHR Corporate Human ResourcesCMIS Corporate Management Information
SystemsCORP CorporateENGR EngineeringEPD Established Pharmaceuticals Division FIN Finance and AdministrationGENC LegalGES Global Engineering ServicesGIS Global Information ServicesGPO Global Pharmaceutical OperationsGPRD Global Pharmaceutical Research
and DevelopmentHPD Hospital Products DivisionIT Information TechnologyMPG Medical Products GroupPPD Pharmaceutical Products DivisionPPG Pharmaceutical Products GroupRPD Ross Products Division
DIVISION ABBREVIATIONS
