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Michael F. Mahoney Assumes Role of Chief Executive Officer and President of Boston Scientific
Date:11/1/2012

NATICK, Mass., Nov. 1, 2012 /PRNewswire/ -- In an expected move that follows a previously announced leadership transition period, Boston Scientific Corporation (NYSE: BSX) today named Michael F. Mahoney its new chief executive officer and president.  Mahoney succeeds interim CEO William H. (Hank) Kucheman.  Mahoney has also been appointed to the Boston Scientific Board of Directors.  Both appointments are effective today.

(Photo: http://photos.prnewswire.com/prnh/20121101/NE03537 )

Mahoney joined Boston Scientific as president in October 2011. For the past year, Mahoney's responsibilities have focused on the oversight of Cardiac Rhythm Management (CRM), Endoscopy (GI and Pulmonary), and numerous corporate functions.

"Mike is a dynamic leader, and having him at the helm for the long-term is exactly what Boston Scientific needs," said Pete Nicholas, Chairman of the Board and Co-Founder, Boston Scientific. "Mike's ability to foster a team culture focused on winning, his strategic global view, and his passion for innovation have already begun to make a significant impact on the company."

Since he joined Boston Scientific, Mahoney has been instrumental in leading the company's business strategy in several important areas.  Notable developments include key CRM regulatory approvals, the strategic acquisition of Cameron Health, Inc., reimbursement milestones for the Alair® Bronchial Thermoplasty System and an increased emphasis on global expansion.  

Mahoney joined Boston Scientific from Johnson & Johnson, where he held a number of senior global leadership roles.  The transition period was designed to accommodate Mahoney's post-employment obligations to Johnson & Johnson.

"For the past year, I have worked with Boston Scientifi
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SOURCE Boston Scientific Corporation
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