2020 Power 50: Shacey Petrovic
Image | Courtesy of Insulet
Shacey Petrovic, former president & CEO of Insulet Corp.
- Title: Director, president & CEO of Insulet Corp.
- Location: Acton
- Residence: Concord
- College: University of Wisconsin
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For a company with a market cap of more than $12 billion and more than 1,100 employees spread over 11 countries, Insulet is surprisingly local, having been a member of the Middlesex West Chamber of Commerce since the company moved into a $100-million Acton facility in 2018, winning the chamber’s Business of the Year award.
A medical device manufacturer focused almost entirely on insulin delivery systems for diabetes patients, Insulet has sponsored local arts and sciences programs such as the Indian Hill Music Center in Littleton, the Acton-Boxborough PIP STEM Program, and the Discovery Museum in Acton. Petrovic, the only female CEO of a public company in Central Mass., has been the steady hand on the wheel since the 2018 move, and the company’s stock price has grown more than 150% since she took over. As the coronavirus pandemic hit, Petrovic made sure Insulet expanded the benefits of its financial assistance program for current customers and donated 3,000 disposable gowns, 37,500 pairs of gloves, and 2,500 face masks to frontline workers throughout Massachusetts.
What makes Central Mass. unique? Central Massachusetts has a diverse economy with remarkable strengths in a variety of industries, including healthcare and manufacturing, and that offers Insulet a valuable resource, namely talent, from which to hire and grow. I’m proud to say even during a pandemic, Insulet has continued to hire and onboard outstanding candidates attracted to our mission and goal of providing life-changing products to customers.
A real page turner: I am a voracious reader! It’s not unusual to find me in the middle of reading two books at any given time – one fiction and one non-fiction. Right now, I am reading “One Day” by Gene Weingarten and “The Remains of the Day” by Kazuo Ishiguro.
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