Abbott CEO Miles White to step down

Miles White, the longtime CEO of Abbott Laboratories will step down as chief executive in March 2020, according to The Wall Street Journal.

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Mr. White has led Abbott since 1999. Under his leadership the company’s annual sales more than doubled, from about $12.5 billion to $30.6 billion.

Abbott President and COO Robert Ford will succeed Mr. White as CEO. 

Mr. Ford has been with Abbott for 23 years.

Mr. White will remain executive chairman.

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