Indiana University X 420 SCOOP Session Presentation Baxter International Inc. Making a Meaningful Difference in Healthcare Jim Bleakley January 25, 2005
Presenter Bio. Sketch Jim Bleakley § BA Psychology – University of Michigan § Masters in Human Resources – Michigan State University § 2 ½ years in Baxter’s HR Development Program § 2 ½ years as an HR Generalist with Corporate Finance § 6 months managing Baxter’s Global Financial Development Program (FDP)
Presentation Outline • Company Overview • Financial Development Program (FDP) Overview • Career Opportunities • Questions
Baxter International Inc. At Baxter, one of our primary goals is to advance the best in healthcare worldwide. Every day, our products and services help treat thousands of people around the world with some of the most complex conditions — from hemophilia to cancer and immune disorders to kidney disease.
Baxter’s Vision and Mission Our Vision To be the global leader in providing critical therapies for people with life-threatening diseases. Our Mission To apply our expertise in medical devices, pharmaceuticals and biotechnology to make a meaningful difference in patients’ lives.
Climbing to New Heights When Baxter PD patients travel, Baxter can arrange to deliver their solutions wherever they happen to be. In one extraordinary case, U. K. patient Tony Ward wanted to draw attention to the benefits of PD by performing therapy during a three-day climb to the top of Europe’s highest mountain, Mont Blanc. Baxter arranged for his solutions to be delivered by helicopter to mountain huts along the way. A year later, Ward bicycled more than 1, 000 miles across Great Britain, this time accompanied by a van carrying his Baxter HOMECHOICE automated PD machine, which he used to perform dialysis overnight.
Company Snapshot § Over 70 years of market leadership driven by a well-recognized global brand § $8. 9 billion global market leader § Over 50% of sales and earnings outside the United States § Approximately 70% of sales from products with leading market positions § Approximately 50, 000 employees around the world in more than 250 facilities and 27 countries
Baxter’s Business Portfolio § Well-recognized global brand that drives market leadership § Balanced, global portfolio § Focus on essential therapies for life-threatening conditions § Leveraging capabilities across businesses to provide high quality, cost-effective products and services Bio. Science Medication Delivery Renal
Financial Development Program § A rotational program aimed at bringing strong talent into Baxter, developing, then deploying that talent into the organization as a foundational building block to Baxter’s future success
Financial Development Program § Four rotations, approximately nine months each § Functional skills are developed through technical training and onthe-job training in different finance disciplines § Both domestic and international rotational assignments are available. Approximately 25% of the rotations are international: § Europe: Belgium, Ireland Switzerland. § Asia / Other: Canada and Australia § US: Northern Illinois, California and various plant & satellite offices scattered through the States
FDP Training § Associates have the opportunity to complete 7 modules of training throughout their tenure, each lasting 2 to 3 days § Training is focused on providing an in-depth Baxter perspective on various Accounting/Finance and business related concepts § The modules are: • Orientation/Financial Systems • Reporting & Analysis • Supply Chain and Manufacturing • Planning • Audit and Consolidations • Tax and Treasury • Business Development
Typical Rotations § Financial Planning and Analysis § Corporate Audit § International Finance § Corporate Tax § Financial Information Systems § Manufacturing Finance § Financial Reporting
Life After the FDP: Graduates Others: Reta Hall (1996) Dir, Planning & Reporting, Europe Araseli Barriga (1997) Talha Ashraf FDP Grad June 1999 Henrik Wahlberg FDP Grad Nov 2003 Sr. Finance Mgr Bio. Science North America Sr. Business Analyst Bio. Science Europe Switzerland Sr. Mgr, Treasury Amber Doster (2002) Sr. Mgr, Finance
FDP Candidate Profile § Accounting or Finance undergraduate major § 15 hours of accounting coursework § Record of academic excellence § Strong communication, critical thinking and interpersonal skills § Teachability and flexibility § Team player § Willing to relocate for rotations
Recruitment Timeline Internships § SCOOP January 25 § Roundtables January 25 § First round interviews February 17 § Second round interviews February 18 Full-time § First round interviews February 17 § Second round interviews February 18
Making a Meaningful Difference
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