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.
More articles on pharmacy:
Endo CEO to retire
Trump administration sues Gilead
CVS to close 22 ‘underperforming’ stores
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.