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Boston Scientific Announces CEO Jim Tobin to Extend Tenure
Date:6/3/2008

tions of two people stand out as particularly impressive and essential: Fred Colen and Bill McConnell. I am very pleased Fred is becoming President of our CRM business. He has done an outstanding job helping us rebuild our franchise, and I know he will lead the organization well and take full advantage of the opportunities that he, Bill and the CRM team have created for Boston Scientific. It is also important to note that Bill will continue in a leadership role at CRM and that he will remain a member of the Company's Executive Committee, where his experience, expertise and judgment are highly valued."

"As we make changes and continue to simplify and streamline our operations, further organizational consolidation is inevitable, and necessary," said Tobin. "With CRM on track for success, I am turning my attention back to the full scope of the day-to-day operations of the Company. I am combining the CEO and COO roles, which will provide me more direct access to the managers who run the businesses, and who now will be reporting to me. Paul will be retiring at the end of the year. As of July 1, he will transition his COO responsibilities to me and serve as a senior adviser, reporting to me."

"Over the years, Paul built a significant record of leadership and accomplishment -- both in our Company and our industry," said Tobin. "He touched virtually every aspect of our business, and he served as a mentor to countless members of the Boston Scientific team. In addition, he helped foster the innovation that created the many new products that improved the lives of literally millions of patients. Paul led our comprehensive quality efforts, which have revolutionized our systems, transformed our culture and positioned us to make quality a competitive advantage. His impact within the Boston Scientific organization -- as well as his engagement with our physician customers and other external partners -- was substantial, and he will leave Boston Scientific with our deepe
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SOURCE Boston Scientific Corporation
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