Boston Scientific CEO to Add Chairman Title as Nicholas Retires
- Nicholas, who co-founded the company in 1979, retires in May
- Shares more than triped since Mahoney was promoted CEO in 2012
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Boston Scientific Corp. Chief Executive Officer Michael Mahoney will add the title of chairman when company co-founder Pete Nicholas retires from the post in May.
Nicholas was CEO and co-chairman from the company’s start in 1979 through 1995, when he stepped down as chief executive and became chairman. Board member Edward Ludwig will serve as lead independent director after he leaves, the Marlborough, Massachusetts-based medical-device maker said in a statement Thursday.