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.
WBJ Web Partners
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