Michael F. Mahoney has been the CEO of Boston Scientific Corp. since 2011, steering the company towards innovative medical device solutions. He has a strong background in the medical field, previously holding senior roles at Johnson & Johnson. With a...

Number of Employees

48K

Year

2023

Total Compensation

$11.53M

Salary

$1.40M

Board Justification

The compensation philosophy emphasizes pay for performance, aligning executive compensation with the company's performance and long-term shareholder value.

Bonus

$3.24M

Board Justification

The actual amount earned by Mr. Mahoney under the 2023 Annual Bonus Plan is based on Company performance against financial metrics and individual performance objectives, resulting in a payout of 150% of the target award opportunity.

Other

$190.18K

Board Justification

Other compensation includes matching contributions to the 401(k) plan, personal use of corporate aircraft, term life insurance, and financial planning services.

Restricted Stock

$6.69M(143.98K RSU)

Board Justification

The stock awards that vested in 2023 include performance-based RSUs that were earned based on the company's performance metrics, specifically 200% of the target number of rTSR performance-based RSUs due to the company's performance ranking in the 90th percentile relative to peers.

Performance Metrics

The performance metrics for 2023 included adjusted net sales, adjusted EPS, and ESG targets.

SEC Filing

From March 20, 2024

Michael F. Mahoney

CEO of Boston Scientific

B

Education

Finance degree from the University of Iowa and an M.B.A. from Wake Forest University

Field of Expertise

Business & Management

Born

April 1, 1965 - 59 years ago

Is Founder?

No

Current Tenure

12 years 2 months (Nov 2012 - Present)

Previous Experience

President of Johnson & Johnson's DePuy Orthopaedics