Peter Nicholas Cause Of Death, Obituary Not Yet Available – Peter Nicholas, a co-founder of Boston Scientific Corp. and its lengthy CEO as the company grew into a global behemoth with tens of thousands of employees, has died. He was 80.
According to bloomberg.com, On May 14, he died in the arms of his 58-year-old wife, Ginny Lilly Nicholas, at his home in Boca Grande, Florida. According to a business spokeswoman, the cause was cancer.
Nicholas was described as a “pioneer who helped shape the field of minimally invasive surgery” by current Boston Scientific CEO Mike Mahoney in a company honor. Nicholas worked with co-founder John Abele for decades to grow the company “from a startup with fewer than 50 employees and financed with a $500,000 loan and $300,000 in partners’ capital into a global industry leader with 27,000 employees and $8.4 billion in revenue in 2016,” according to the tribute.
Peter Michael Nicholas was born on May 16, 1941, in Portsmouth, New Hampshire, to Nicholas and Vrysula Nicholas, both of Greek descent. He attended Duke University, where he met his future wife, and obtained a master’s degree in business administration from the University of Pennsylvania’s Wharton School. He was a lieutenant in the US Navy and a boating enthusiast.
Nicholas worked at Eli Lilly & Co. for the first ten years of his career. He and Abele launched Boston Scientific in 1979, and he spent the next 35 years as its CEO and chair of the board of directors until his retirement in 2016.
He worked as managing director of Ithaka Partners LLC, a family private equity firm, after his retirement. Peter and Ginny Nicholas put a lot of their money into education and environmental issues. The inaugural gifts to Duke’s Nicholas Institute for Environmental Policy Solutions were among the major donations they made to their alma university.
The obituary will be published online by the family and will contain funeral plans, dates, and burial arrangements.