Baxter, With Loeb, Adds Boston Scientific CEO to Board
- Third Point is said to encourage Mahoney's nomination
- Mahoney led turnaround at one of biggest U.S. device makers
Boston Scientific CEO Mike Mahoney
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Baxter International Inc. appointed Boston Scientific Corp. Chief Executive Officer Mike Mahoney to its board, adding a director who turned around one of the nation’s biggest medical-device companies.
The move comes as Deerfield, Illinois-based Baxter is looking for a new leader of its own. CEO Robert Parkinson announced his plans to step down earlier this year after spending more than a decade at the company. Mahoney’s nomination was encouraged by Third Point LLC, Baxter’s biggest shareholder, which played a role in recruiting him, according to a person familiar with the deliberations who declined to be identified discussing non-public information.