Tags: Boston | Scientific | ceo

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

Tuesday, 10 May 2011 11:52 AM

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.

© 2015 Thomson/Reuters. All rights reserved.

1Like our page

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.

© Newsmax Media, Inc.
All Rights Reserved