Do you know about - Boston Scientific Announces Retirement Of CEO
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Boston Scientific Announces Retirement Of CEO Video Clips. Duration : 1.43 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Heights Finance . Boston Scientific Corporation (NYSE:BSX) announced today that Ray Elliott will retire as President and CEO at the end of this year, effective December 31, 2011. The board of directors has created a CEO search committee, on which the outgoing CEO will serve as a member, to select the company's next President and CEO. Elliott said, "We believe we have accomplished a lot during my time here: a strengthened senior leadership team, a clear and executable strategic plan we call 'POWER,' a basis for success in Emerging Markets, a solidified balance sheet due to debt paydown and refinancing and much more. While the Company continues to evolve, we expect that much of the turnaround work will be complete by the end of the year. We believe we are well positioned for future growth. Therefore, I believe the time is right for someone new to take the reins, complete execution of that plan and take Boston Scientific to the next level and new heights." Boston Scientific has a potential upside of 7.7% based on a current price of .11 and an average consensus analyst price target of .66.
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