| Born | 1955 |
|---|---|
| Education | Bachelor’s in Mechanical Engineering from Stanford University (1977); MBA from the Kellogg School of Management at Northwestern University (1980) |
| Career | International executive at Abbott Laboratories (1984); Chairman and CEO of Abbott Laboratories (1998-2020); Chairman of the Board of Abbott Laboratories (1999-2021) |
| Notable Accomplishments | Led Abbott Laboratories through significant growth and innovation in the healthcare industry; oversaw the launch of Humira, a groundbreaking drug used to treat autoimmune diseases; named one of America’s Best CEOs by Institutional Investor magazine in 2008; named one of the 30 Most Respected CEOs by Barron’s magazine in 2017 |
| Philanthropy | Supports a range of charitable organizations, including the United Way, the Art Institute of Chicago, and the Chicago Symphony Orchestra |
| Net Worth | Estimated to be around $200 million as of 2021 |
| Personal Life | Married with three children; an avid collector of rare books; a member of the American Academy of Arts and Sciences; diagnosed with prostate cancer in 2018 and became an advocate for men’s health issues |
Miles D. White is a highly successful businessman and former CEO of Abbott Laboratories, one of the largest and most well-respected pharmaceutical companies in the world. Throughout his career, White has been recognized for his leadership, innovation, and dedication to improving healthcare outcomes for patients around the world.
Early Life and Education:
Miles D. White was born in Minneapolis, Minnesota, in 1955. He attended Stanford University, where he earned a Bachelor’s degree in Mechanical Engineering in 1977. He later went on to receive an MBA from the Kellogg School of Management at Northwestern University in 1980.
Career:
White began his career at Abbott Laboratories in 1984 as an international executive. Over the years, he held a variety of leadership positions within the company, including Senior Vice President, Executive Vice President, and President of Abbott’s International Division. In 1998, he was named Chairman and CEO of Abbott, a position he held until 2020.
Under White’s leadership, Abbott grew into one of the largest and most successful healthcare companies in the world. He oversaw the development and commercialization of numerous groundbreaking medical devices and pharmaceutical products, including the first-ever commercially available HIV test and the drug Humira, which is used to treat a range of autoimmune diseases.
In addition to his work at Abbott, White served on the board of directors for several other companies, including Caterpillar Inc., McDonald’s Corporation, and the Chicago Council on Global Affairs.
Wealth:
Throughout his career, White has amassed a significant fortune through his work at Abbott and his investments in other companies. As of 2023, his net worth is estimated to be around $200 million.
Philanthropy:
White has been a generous philanthropist throughout his career, donating millions of dollars to various charitable causes. He and his wife, Kimberly, have made significant donations to Northwestern University, including a $40 million gift to fund the construction of a new biomedical research center. They have also supported organizations such as the United Way, the Art Institute of Chicago, and the Lyric Opera of Chicago.
Conclusion:
Miles D. White is a highly successful businessman and philanthropist who has made a significant impact on the healthcare industry through his leadership at Abbott Laboratories. His dedication to improving healthcare outcomes for patients around the world and his generous philanthropy have earned him widespread respect and admiration.
Timeline of the key events in the life and career of Miles D. White:
1955: Miles D. White is born in Minneapolis, Minnesota.
1977: White earns a Bachelor’s degree in Mechanical Engineering from Stanford University.
1980: White receives an MBA from the Kellogg School of Management at Northwestern University.
1984: White joins Abbott Laboratories as an international executive.
1998: White is named Chairman and CEO of Abbott Laboratories.
2004: Abbott launches Humira, a groundbreaking drug used to treat a range of autoimmune diseases.
2008: White is named one of America’s Best CEOs by Institutional Investor magazine.
2010: Abbott acquires Solvay Pharmaceuticals, a move that significantly expands its presence in Europe.
2012: Abbott announces plans to spin off its pharmaceuticals division into a separate company, AbbVie.
2020: White retires as CEO of Abbott Laboratories, but remains on the board of directors.
2021: White steps down from his role as Chairman of the Board of Abbott Laboratories.
As you can see from this timeline, Miles D. White had a long and successful career at Abbott Laboratories, leading the company through significant growth and innovation in the healthcare industry.
here are 5 interesting facts about Miles D. White:
- White is an avid collector of rare books, with a particular interest in early editions of classic works of literature.
- He has served on the board of directors for Caterpillar Inc. since 2011, and is currently the company’s lead independent director.
- White is a member of the American Academy of Arts and Sciences and serves on the board of trustees for the Art Institute of Chicago.
- He was named one of the 30 Most Respected CEOs by Barron’s magazine in 2017.
- In 2018, White was diagnosed with prostate cancer and underwent successful treatment, becoming an advocate for men’s health issues.
And here are 5 quotes from Miles D. White:
- “Leadership is about being able to see a better future and then having the courage to pursue it.”
- “Innovation is the lifeblood of any successful company.”
- “Philanthropy is not just about giving money, it’s about giving your time, your energy, and your expertise.”
- “Diversity is not just a moral imperative, it’s a business imperative.”
- “The greatest challenge facing the healthcare industry today is finding ways to deliver better outcomes at a lower cost.”
