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Abbott reorganization

This article was originally published in The Tan Sheet

Executive Summary

Ross Products infant formula business remains untouched under new leadership and organization restructuring initiative slated to go into effect Aug. 1. Coinciding with the announced retirement of Abbott President and Chief Operating Officer Robert Parkinson, a new reporting structure will be set in place for the pharmaceuticals and medical products businesses. Ross will remain under the guidance of Senior VP Joy Amundson. The company's decision to leave Ross alone has opened speculation that the infant formula group could be a divestiture candidate
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