NATICK, Mass., Oct. 24, 2013 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) has initiated a transition plan for its new chief financial officer. Noting a desire to pursue opportunities for a broader management position, Jeffrey Capello, Boston Scientific's executive vice president and chief financial officer, will transition out of the role effective December 31, 2013. Effective January 1, 2014, Daniel Brennan, currently the company's senior vice president and corporate controller, will be promoted to executive vice president and chief financial officer of Boston Scientific. At that time, Brennan will become a member of the company's Executive Committee and report directly to Mike Mahoney, president and chief executive officer, Boston Scientific.
Capello will work with Brennan to help ensure a smooth transition through December 2013, and is expected to remain with the company as a senior advisor until mid-May 2014.
"I would like to thank Jeff for the significant contributions he made to Boston Scientific during the past five years," stated Mahoney. "I am confident that by promoting Dan to the critical role of CFO, there will be a seamless transition as we continue to execute against our strategic plan."
Brennan joined Boston Scientific in 1996. During his tenure, he has held roles with increased responsibilities, including vice president of finance and information technology for the Cardiovascular Division, vice president of international finance and vice president of investor relations. Brennan was named to his current role as senior vice president and corporate controller in January, 2010.
For a high-resolution photo of Dan Brennan, please click here to access the company's Media Newsroom site.
About Boston Scientific Boston Scientific transforms lives through innovative medical solutions that improve the health of patients around the world. As a global medical technology leader for more than 30 years, we advance science for life by providing a broad range of high performance solutions that address unmet patient needs and reduce the cost of healthcare. For more information, visit www.bostonscientific.com and connect on Twitter and Facebook.
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SOURCE Boston Scientific Corporation