July 9, 2018

The Power 50: Michael Mahoney

MICHAEL MAHONEY

President, chairman & CEO

Boston Scientific, Marlborough

Colleges: University of Iowa, Wake Forest University

Mahoney, leading Boston Scientific since 2012, has overseen the company's transformation into an industry giant, including helping the firm out of a net-loss position it held for three straight years, finishing with $104 million in profit in 2017. Net sales have increased under Mahoney, rising from $7.1 billion in 2013 to $9 billion in 2017, contributing to doubling the Boston Scientific stock price. Since Mahoney took over, the company's valuation skyrocketed from $8 billion at the end of 2012 to $44 billion as of June 26. Boston Scientific continues to gobble up smaller companies, and could spend up about $1 billion on 2018 acquisitions alone if its agreements pay out to the fullest extent. Last month, Mahoney was named the second most popular U.S. CEO by workplace review website Glassdoor. Ninety-nine percent of Boston Scientific employees said they approve of Mahoney's leadership, the company earned 4 out of 5 stars on the website, and 81 percent said they'd recommend the company to a friend. Last year, Mahoney ranked third on the same list.

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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