On October 7, 2026, Boston Scientific Corporation announced that Joe Fitzgerald, age 63, who joined the Company in 1990 and currently serves as Executive Vice President and Group President, Cardiovascular, will become Executive Vice President and Chief Operating Officer effective January 1, 2027; under his offer letter, effective that date, he will receive an annual base salary of $1,050,000, an annual bonus target of 110% of base salary, a 2027 annual equity award with a total grant date fair value of $7,000,000 vesting 25% per year, and continued eligibility for the Deferred Bonus Plan, Executive Retirement Plan (with a lump-sum retirement benefit of 2.5 months’ base salary per year of service, capped at 36 months), and Change in Control Agreement. On October 1, 2026, the Board appointed Emily Woodworth (Collins) as Senior Vice President, Global Finance Controller and Finance Transformation effective March 1, 2027, at which time she will cease serving as Chief Accounting Officer, and the filing states the transition is not due to any disagreement with the Company on financial statements, internal control over financial reporting, operations, policies, or practices. Also on October 1, 2026, the Board appointed Mark Bickel, age 49, as Senior Vice President, Global Accounting Controller and Chief Accounting Officer effective March 1, 2027; Bickel currently serves as Senior Vice President, Finance and Global Controller of the Cardiovascular business and previously served as Group Vice President, Finance and Global Cardiology Controller from 2022 to 2024 and Vice President, Finance and Global Controller, Rhythm Management from 2013 to 2021. The filing states there are no arrangements or understandings with any other person pursuant to which Fitzgerald or Bickel was selected as an officer, no family relationships between either and any director or other officer, and Bickel has no direct or indirect material interest in any transaction required to be disclosed under Item 404(a).
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Chief Operating Officer On October 7, 2026, Boston Scientific Corporation (the Company ) announced that Joe Fitzgerald, who currently serves as Executive Vice President and Group President, Cardiovascular, has been promoted to Executive Vice President and Chief Operating Officer of the Company, effective as of January 1, 2027. Mr. Fitzgerald, age 63, joined the Company in 1990, and has held a variety of management positions in the Company s Cardiovascular business. In his current position, which he has held since May 2022, Mr. Fitzgerald oversees development and commercialization of advanced heart therapies for health care professionals and patients globally. Prior to that, Mr. Fitzgerald served as Executive Vice President and President, Cardiology from January 2022 to April 2022, as Executive Vice President and President, Interventional Cardiology from July 2020 to January 2022, as Executive Vice President and President, Rhythm Management from 2014 to 2020, and as Senior Vice President and President, Cardiac Rhythm Management from 2011 to 2014, as well as various roles of increasing responsibility prior to that. Mr. Fitzgerald is a member of the Company s Global Council for Inclusion and is executive sponsor of the Company s Women s Network employee resource group. Mr. Fitzgerald received an MBA from Southern Illinois University with a concentration in marketing and finance and a BS in business from Indiana University. Under the terms of Mr. Fitzgerald s offer letter (the Offer Letter ), effective as of January 1, 2027, as Executive Vice President and Chief Operating Officer, Mr. Fitzgerald will be entitled to the following: An annual base salary of $1,050,000; Continued eligibility to participate in the Company s Annual Bonus Plan, with an incentive target percentage equal to 110% of his annual base salary; Continued eligibility to participate in the Company s Deferred Bonus Plan, as previously filed with the SEC, pursuant to which Mr. Fitzgerald is able to elect to defer up to 75% of the annual bonus awarded to him for each applicable year; An annual equity award for 2027 having a total grant date fair value of $7,000,000, to be made pursuant to the Company s 2011 Long Term Incentive Plan, as amended (the LTIP ), as previously filed with the SEC, and in the normal course for annual equity awards granted to executive officers pursuant to the Company s long term incentive program, expected in February 2027. The equity award will be in the form of non-qualified stock options and restricted stock units ( RSUs ), including performance-based RSUs, in each case subject to the provisions of the LTIP and applicable award agreements and vesting 25% per year; thereafter, long term incentive compensation grants for Mr. Fitzgerald will be evaluated annually in the normal course by the Executive Compensation and Human Resources Committee of the Company s Board of Directors, consistent with the Company s long term incentive program for its executive officers; Continued eligibility to participate in the Company s Executive Retirement Plan, as previously filed with the SEC, under which Mr. Fitzgerald would be eligible to receive certain benefits if he retires (as defined in the Executive Retirement Plan) from the Company, including a lump sum payment equal to 2.5 months base salary for each year of service, subject to a maximum benefit of 36 months; and Payments and benefits provided for under the Company s standard form of Change in Control Agreement for its executive officers, as previously filed with the SEC, in the event of, following a Change in Control, Mr. Fitzgerald s termination by the Company without cause or his resignation for good reason, all subject to and in accordance with the agreement. The Company has previously entered into an Indemnification Agreement with Mr. Fitzgerald on the Company s standard form for its executive officers, as previously filed with the SEC. A form of Mr. Fitzgerald s Offer Letter is included in this filing as Exhibit 10.1 and is incorporated herein by reference. The foregoing summary does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the Offer Letter. There are no arrangements or understandings between Mr. Fitzgerald and any other person pursuant to which Mr. Fitzgerald was selected as an officer, and there are no family relationships between Mr. Fitzgerald and any director or other officer of the Company. Certain transactions since the beginning of the Company s last fiscal year in which the Company is a participant and in which Mr. Fitzgerald has an interest that are required to be reported under Item 404(a) of Regulation S-K are described in the section titled Related Party Transactions in the Company s definitive Proxy Statement filed with the Securities and Exchange Commission on March 18, 2026. Chief Accounting Officer On October 1, 2026, the Company s Board of Directors appointed Emily Woodworth (Collins) as Senior Vice President, Global Finance Controller and Finance Transformation, effective as of March 1, 2027. Ms. Woodworth will continue serving in her current position as Senior Vice President, Global Controller and Chief Accounting Officer, which she has held since January 2024, until March 1, 2027, at which time Ms. Woodworth will no longer serve as the Company s Chief Accounting Officer. Ms. Woodworth s transition from the Chief Accounting Officer position is not due to any disagreement with the Company on any matter relating to the Company s financial statements, internal control over financial reporting, operations, policies, or practices. Also on October 1, 2026, the Company s Board of Directors appointed Mark Bickel, age 49, as Senior Vice President, Global Accounting Controller and Chief Accounting Officer, effective as of March 1, 2027. Mr. Bickel currently serves as Senior Vice President, Finance and Global Controller of the Company s Cardiovascular business, a position he has held since January 2025. Prior to serving in his current role, Mr. Bickel served in various roles of increasing responsibility, including as Group Vice President, Finance and Global Cardiology Controller from 2022 to 2024, and before that as Vice President, Finance and Global Controller, Rhythm Management from 2013 to 2021. Mr. Bickel received an MBA from Indiana University with a concentration in finance, a BS in physical therapy from Indiana University, and is an active Certified Public Accountant (CPA). Mr. Bickel is expected to receive a base salary and participate in the Company s annual bonus plan and incentive stock awards program, as well as continue to be eligible to participate in other employee benefit programs, commensurate with the Company s officers. There are no arrangements or understandings between Mr. Bickel and any other person pursuant to which Mr. Bickel was selected as an officer, and there are no family relationships between Mr. Bickel and any director or other officer of the Company. Mr. Bickel does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.