Boston Scientific Corporation (BSX, Financial) has announced a significant leadership transition within its financial team. Daniel J. Brennan, the company's Executive Vice President and Chief Financial Officer, has decided to retire effective June 29, 2025. Following his retirement, Brennan will continue to serve as a senior advisor until October 3, 2025, ensuring a smooth transition of responsibilities.
Jonathan Monson, currently the Senior Vice President of Investor Relations, will succeed Brennan as the Executive Vice President and Chief Financial Officer, effective June 30, 2025. Monson, who joined Boston Scientific in 1999, has held various roles of increasing responsibility, including Global Controller and Chief Accounting Officer. His extensive experience within the company positions him well to lead the financial operations moving forward.
Under the terms of his new role, Monson will receive an annual base salary of $700,000 and will be eligible for the company's 2025 Annual Bonus Plan with an incentive target of 80% of his base salary. Additionally, he will receive a promotional equity award valued at $1,750,000, subject to vesting conditions. Monson will also participate in the company's Executive Retirement Plan and Deferred Bonus Plan, providing him with comprehensive financial incentives aligned with the company's long-term goals.
This transition marks a pivotal moment for Boston Scientific as it continues to strengthen its leadership team to drive future growth and innovation. Investors and stakeholders will be closely monitoring the impact of this leadership change on the company's strategic direction and financial performance.
Should you invest in Boston Scientific Corp (BSX, Financial) right now? Before you do it, it’s important to understand the business profitability and stock valuations, and find out what the warning signs are about. See the in-depth Boston Scientific Corp (BSX) stock research here.
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