Boston Scientific Corp: promotes COO, appoints new chief accounting officer

What happened

• The company announced on Oct 7, 2026 that Joe Fitzgerald, age 63, will be promoted from executive vice president and group president, cardiovascular, to executive vice president and chief operating officer effective Jan 1, 2027. The filing includes a form of Mr. Fitzgerald’s offer letter.
• The company reported on Oct 1, 2026 that the board appointed Emily Woodworth (Collins) as senior vice president, global finance controller and finance transformation effective Mar 1, 2027; Ms. Woodworth will continue as senior vice president, global controller and chief accounting officer until Mar 1, 2027. The board also appointed Mark Bickel, age 49, as senior vice president, global accounting controller and chief accounting officer effective Mar 1, 2027. The filing includes a press release dated Oct 7, 2026.

Key details

• Mr. Fitzgerald’s annual base salary as COO will be $1,050,000, with an annual bonus target equal to 110% of base salary. He may elect to defer up to 75% of his annual bonus under the company’s Deferred Bonus Plan.
• Mr. Fitzgerald is expected to receive an annual equity award for 2027 with a total grant date fair value of $7,000,000, to be granted in February 2027 in the form of non-qualified stock options and restricted stock units, including performance-based RSUs, vesting 25% per year.
• Mr. Fitzgerald will remain eligible for the company’s Executive Retirement Plan, under which a retiree may receive a lump sum equal to 2.5 months base salary for each year of service, subject to a maximum benefit of 36 months, and for the company’s standard change in control agreement and an existing indemnification agreement.
• The filing states Ms. Woodworth’s transition 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. Mr. Bickel is a CPA and will receive a base salary and participate in the company’s annual bonus plan and incentive stock awards program commensurate with officers.

Why it may matter

• This report was filed under Item 5.02 (departure of directors or certain officers; election of directors) and Item 8.01 (other events) to disclose officer promotions and appointments and to attach the company press release. The filing provides the material terms of Mr. Fitzgerald’s offer letter and the timing of the accounting leadership transition.

The filing does not show why the insider traded or why the company acted.