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Boston Scientific Announces Retirement of Jim Tobin and Appointment of Ray Elliott as New President and CEO
Date:6/25/2009

olas. "His long and proven track record in leadership positions has prepared him well for this role. Ray is an extremely capable leader with extensive experience running global health care companies. We have gotten to know Ray well as a leader and colleague in the industry, as well as from his service on our board. We are confident he offers the right combination of experience, results and talents for Boston Scientific going forward."

"As chair of the search committee, I had the opportunity to review a number of strong candidates, and Ray stood out convincingly as our top choice," said Ernest Mario, Ph.D., a member of the Company's board of directors. "His experience and success leading large, complex, international companies - coupled with his specific expertise in medical devices - made him the clear selection to be Boston Scientific's new CEO. We are very pleased that Ray will be assuming the leadership of the Company."

"It's an honor to follow Pete and Jim as the CEO of Boston Scientific, a company with great products and technologies, a rich pipeline creating substantial future growth potential, and of course, outstanding people," said Elliott. "I look forward to leading the Boston Scientific team and building on the impressive tradition of delivering innovative medical solutions to patients and physicians. I am committed, as always, to creating value for them, our employees and our shareholders."

Mr. Tobin and Mr. Elliott will host an investor conference call at 9:00 a.m. (ET) today. The Company will webcast the call to all interested parties through its website: www.bostonscientific.com. Please see the website for details on how to access the webcast. The webcast will be available for one year on the Boston Scientific website.

Boston Scientific is a worldwide developer, manufacturer and marketer of medical devices whose pr
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SOURCE Boston Scientific Corporation
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