2019 Power 50: Mike Mahoney
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Since 2012, Mahoney has been at the helm of medical device giant Boston Scientific, one of the largest companies in Mass., with 2,300 employees in the state and 32,000 worldwide. He has focused the company on the needs of the evolving healthcare landscape by driving improvements to patient outcomes and increasing efficiency and access. Since he’s joined the company, revenue has jumped 36% to $9.8 billion and profit has risen from $441 million to $1.6 billion.
Boston Scientific has spent billions on acquisitions to strengthen its product profile. In 2018, the firm spent $5.6 billion on acquisitions, and this year announced a planned $465-million purchase of a California biotech company specializing in lumbar spinal stenosis. Along with that financial success is the happiness of employees, as the company has found itself on Forbes’ list of America’s best employers. He serves on the boards of Illinois healthcare company Baxter International and Boston College’s CEO Club. He is a member of the American Heart Association CEO roundtable.
Teamwork: “Perhaps one of the most important metrics in a company beyond the financials is employee engagement. I’m very proud of the high engagement levels we have across the business, the extra effort our employees make, and the teamwork they demonstrate to deliver for patients who really need our solutions.”
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