Daniel Brennan, currently the company's senior vice president and corporate controller, will replace Jeffrey Capello as executive vice president and chief financial officer (CFO) on Jan. 1. Capello will remain with Boston Scientific as a senior advisor until mid-May.
"I would like to thank Jeff for the significant contributions he made to Boston Scientific during the past five years," Mahoney said. "I am confident that by promoting Dan to 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. He will report directly to President/CEO Michael Mahoney.
The changing of the CFO guard is part of a restructuring plan that includes the layoffs of up to 1,500 workers.