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Abbott Laboratories appoints replacement for retiring CFO

Abbott Laboratories' board has appointed Robert Funck as executive vice president, finance and CFO, effective March 1.

Funck will replace Brian Yoor, who will retire from the healthcare equipment company Feb. 29. Funck joined Abbott in 1987 and was appointed the company's senior vice president, finance and controller in 2018.

Abbott will also bring on a new CEO in March, as President and COO Robert Ford assumes the role to be vacated by Miles White.