Miles White, the longtime CEO of Abbott Laboratories will step down as chief executive in March 2020, according to The Wall Street Journal.
Mr. White has led Abbott since 1999. Under his leadership the company's annual sales more than doubled, from about $12.5 billion to $30.6 billion.
Abbott President and COO Robert Ford will succeed Mr. White as CEO.
Mr. Ford has been with Abbott for 23 years.
Mr. White will remain executive chairman.