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July 9, 2018

The Power 50: Daniel McGahn

DANIEL MCGAHN

President & CEO

AMSC, Ayer

College: Massachusetts Institute of Technology

McGahn has taken the company once called American Superconductor through an international crisis and nearly brought it out clean on the other side. He first joined the company as vice president for corporate development in 2006 and eventually ascended to the CEO chair in 2011, after the company said Chinese wind turbine manufacturer Sinovel stole its trade secrets. AMSC lost more than $1 billion in market capitalization and 70 percent of its workforce as McGahn struggled to keep it afloat. In 2013, Sinovel executives were indicted in the scheme and found guilty this January. AMSC continues to recover and sold its Devens headquarters for $23 million to move to a 90,000-square-foot building in Ayer. McGahn has seen the AMSC stock price slowly rise and has reduced its net annual loss by half since losing $66 million in 2012, with the help of deals like developing the electrical control system for a 2.5-gigawatt offshore wind project in South Korea. McGahn has praised the Trump Administration's aggressive stance toward China trade relations, telling NPR, “This is the first time there are consequences ascribed to the Chinese behavior.”

Read about the WBJ’s 2018 Power Players:

Retail

Harry Kokkinis, Table Talk Pies

Steve Rotman, Rotman’s Furniture & Vystar

Ernie Herrman, TJX Cos.

Michael Dundas, Sira Naturals

Ralph Crowley Jr., Polar Corp.

Christopher Baldwin, BJ’s Wholesale Club

Amy Lynn Chase, Crompton Collective & Haberdash

Food & Culture

Robb & Madeline Ahlquist, Worcester Restaurant Group

Troy Siebels, The Hanover Theatre

Karim El-Gamal, Rail Trail Flatbread Co., New City Microcreamery, Less Than Greater Than

Eric, Sam & Jack Hendler, Jack’s Abby Brewing

Lynn Cheney, Lettuce Be Local

Sandy Dunn, DCU Center

Higher Education & Nonprofits

Ann T. Lisi, Greater Worcester Community Foundation

Rev. Philip L. Boroughs, College of the Holy Cross

Javier Cevallos, Framingham State University

Michael F. Collins, University of Massachusetts Medical School

Jill Dagilis, Worcester Community Action Council

Dr. David A. Jordan, Seven Hills Foundation

Laurie Leshin, Worcester Polytechnic Institute

Corner Office

Kate Sharry, Group Benefits Strategies

Tina M. Sbrega, GFA Federal Credit Union

John C. Roche, The Hanover Insurance Group

Elaine Osgood, Atlas Travel

Michael P. Angelini, Bowdtich & Dewey

Susan Mailman, Coghlin Electrical Contractors

Edward F. Manzi Jr., Fidelity Bank

Manufacturing

Dinesh Wadhwani, ThinkLite

Ravi Vig, Allegro Microsystems

Nobuhiko Tamura, Sunovion Pharmaceuticals

Daniel McGahn, AMSC

Michael Mahoney, Boston Scientific

Jeannie Hebert, Blackstone Valley Chamber of Commerce

Valentin Gapontsev, IPG Photonics

Chris Coghlin, Coghlin Cos.

Health care

Kevin O’Sullivan, Massachusetts Biomedical Initiatives

Kurt Isaacson, Spectrum Health Systems

Tarek Elsawy, Reliant Medical Group

Jeffrey M. Welch, Saint Vincent Hospital

Eric Dickson, UMass Memorial Health Care

Holly Chaffee, VNA Care

Richard P. Burke, Fallon Health

Economic Development

Ann K. Tripp, Opus Investment Management

Robert Walker, RA Ventures

Yvonne Spicer, City of Framingham

Cliff Rucker, Worcester Railers Hockey Club

Sherri Greene Pitcher, Fidelity Bank

Timothy P. Murray, Worcester Regional Chamber of Commerce

Anthony Consigli, Consigli Construction Co.

Jennie Lee Colosi, E. T. & L. Corp.

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