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Article Excerpt
NATICK, Mass., June 25 /PRNewswire-FirstCall/ -- Boston Scientific Corporation announced today that President and Chief Executive Officer (CEO) Jim Tobin will retire from the Company, and that its board of directors has appointed Ray Elliott the new President and CEO, effective July 13.
(Photo: http://www.newscom.com/cgi-bin/prnh/20090625/NE38001 )
"Ten years ago this month, I began my tenure as CEO of Boston Scientific, and two months from now, I will turn 65," said Tobin. "Over the course of the past decade, we have built a stronger, more diversified company that is well positioned for the future. We have achieved this due largely to the support of our employees, customers and investors, and I would like to take this opportunity to thank them. Now is an appropriate time for me to turn over the leadership of the Company to Ray Elliott, our new CEO. Ray is an outstanding choice, and he has my full and enthusiastic support. We will have a smooth transition, which will culminate with Ray taking over next month."
"The board accepts Jim's decision to retire with understanding and enormous gratitude," said Pete Nicholas, Chairman of the Board of Boston Scientific. "Jim led Boston Scientific through a period of tremendous...
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