Boston Scientific hires for executive jobs in Boston

Posted on October 7, 2011

Boston Scientific said this month that it has hired for executive jobs in Boston.

Attracting one of med-tech’s most inspiring leaders, Boston Scientific Corporation (NYSE: BSX) has named Michael Mahoney, 46, as President of the Company, effective October 17, 2011. Mahoney, Worldwide Chairman of the Medical Device and Diagnostics Group for Johnson & Johnson, is expected to become Chief Executive Officer (CEO) of Boston Scientific on November 1, 2012.

The transition period is being implemented to accommodate Mahoney’s post-employment obligations to Johnson & Johnson, which both Boston Scientific and Johnson & Johnson have agreed is appropriate. Ray Elliott, who announced last May that he would step down as President and CEO, will do so on October 17, 2011. At that time, Hank Kucheman, currently the Executive Vice President and Group President of the Cardiology, Rhythm and Vascular (CRV) Group, Boston Scientific’s largest business, will be promoted to serve as interim CEO until Mahoney assumes the role.

The assignment is of worthy note to those seeking Boston management jobs.

As President, Mahoney will report to Kucheman. In connection with his promotion to CEO, Kucheman will be appointed to the Company’s Board of Directors. Elliott will be available to assist Kucheman and Mahoney through the end of the year, at which time he will retire, and remain active on the Company’s Board of Directors.

“Mike is a dynamic, seasoned leader and we enthusiastically welcome him into the Boston Scientific family,” stated Pete Nicholas, Chairman of the Board and Co-Founder, Boston Scientific. “He is intensely passionate about innovation and people, and creates and encourages a team environment that results in superior performance. This, combined with Mike’s significant international experience made him the best choice for this critical role,” continued Nicholas.

As President, Mahoney’s initial responsibilities will focus on the oversight of Cardiac Rhythm Management (CRM) and Endoscopy (GI and Pulmonary), as well as numerous corporate functions. On August 1, 2012, Mahoney will assume responsibility for Neuromodulation.