Effective September 1, 2023, Robert E. Funck, Jr. has been appointed Executive Vice President, Finance; Philip P. Boudreau has been appointed Senior Vice President, Finance and Chief Financial Officer and will continue to report to Mr. Funck in his new role. Mr. Boudreau has served as Abbott's Vice President, Controller since 2020, and served as Divisional Vice President, Controller, Medical Devices from 2017 to 2020 and as Divisional Vice President, Controller and Commercial Support, Point of Care Diagnostics from 2012 to 2017. Mr. Boudreau also worked in various finance positions in Abbott's Diagnostics, Diabetes, and Nutrition businesses during his career.

He joined Abbott in 1997 and became a corporate officer in 2020. Mr. Boudreau's base salary will be $600,000 and his target annual bonus opportunity will be 90% of his base salary.