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.
WBJ Web Partners
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