- Gary L. Flynn to Retire After 32 Years of Service -
ABBOTT PARK, Ill., Dec 15, 2003-- Abbott Laboratories (NYSE: ABT) today announced that Gary E. McCullough has been named senior vice president, Ross Products, succeeding Gary L. Flynn who will retire early in 2004 after 32 years of service, following a short transition period. The appointment is effective immediately, with McCullough reporting to Richard A. Gonzalez, president and chief operating officer, Medical Products Group.
"Gary Flynn's rare combination of financial expertise and creative business thinking have enabled him to make outstanding contributions in both financial and commercial organizations during his more than 30 years at Abbott. Most recently, as president of Ross, he led the successful initiation of a consumer-focused approach to our nutritional business," said Miles D. White, chairman of the board and chief operating officer, Abbott Laboratories. "Gary is a genuine leader who has made a lasting impression on many Abbott colleagues, and his contributions have also extended well beyond the company: he has played an important role in his hometown community of Columbus, Ohio for many years. We wish him the very best in his retirement."
McCullough, 45, is joining Abbott from Wm. Wrigley Jr. Company, where he served as Senior Vice President, Americas. In recent years he led a highly successful growth strategy for Wrigley's leading brands, delivering both improved market share position and profitability. McCullough brings more than 15 years of consumer experience to the Ross Products Division, having also served in various brand management and general management roles at The Procter & Gamble Company. He holds a bachelor's degree in science from Wright State University and a master's degree in business administration from the Kellogg School of Management at Northwestern University. He served in the U.S. Army, reaching the rank of captain.
"We are very pleased to add an executive of Gary McCullough's caliber to our organization. He is a recognized leader in the consumer goods industry, with a strong track record as a results-oriented leader," said Mr. White. "His experience will be of great value as we continue to expand on Ross' longstanding leadership in marketing to healthcare professionals to deliver leading nutritional products directly to consumers. As a member of Abbott's senior leadership team, Gary's consumer marketing expertise also will provide the broader company with an important new perspective."
About Abbott's Ross Products Division
As a world leader in adult and infant nutrition, the Ross Products Division of Abbott Laboratories is committed to helping people of all ages meet their nutritional needs. Abbott's Ross Products Division promotes breastfeeding as the best source of infant nutrition. For mothers who cannot or choose not to breastfeed -- or who wish to supplement breastfeeding -- Abbott offers a broad line of infant formulas including Similac(R), Isomil(R) and NeoSure(R). Additionally, Abbott's Ross Products Division pioneered the market for adult nutritionals more than three decades ago. Abbott's adult nutritional family of products includes Ensure(R), a source of complete balanced nutrition; Glucerna(R), a nutritional product line for people with diabetes; ProSure(R), a nutritional product for people with cancer; and ZonePerfect(TM), a line of nutrition bars and related products for people with active, healthy lifestyles. For more information about Ross Products, visit www.ross.com .
About Abbott Laboratories
Abbott Laboratories is a global, broad-based health care company devoted to the discovery, development, manufacture and marketing of pharmaceuticals, nutritionals, and medical products, including devices and diagnostics. The company employs more than 70,000 people and markets its products in more than 130 countries. In 2002, the company's sales were $17.7 billion.