Tags: Boston | Scientific | ceo

Boston Scientific Shares Drop After CEO Says He Will Step Down in December

Tuesday, 10 May 2011 11:52 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Medical device maker Boston Scientific Corp. said Tuesday that Chief Executive Ray Elliott will step down at the end of 2011 after a short tenure, sending its shares down nearly 10 percent.

In a statement, Elliott said it was "time for me to permanently pass the baton to a long-term CEO." The company said it had created a committee that includes Elliott to search for a successor.

Elliott, who took the top job about two years ago, will serve as CEO until Dec. 31.

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved