A Medical Device Daily

NMT Medical (Boston) has separated the roles of the chairman and CEO, effective immediately. James Mahoney Jr., who currently serves as chairman of the audit committee and as the board’s financial expert, will assume the position of chairman. John Ahern will continue to serve as the company’s president/CEO and will remain on the board.

“By relinquishing my role as chairman, I can focus more of my energy on operating the company and leading our management team in pursuing the company’s objectives,” said Ahern. “Jim has always demonstrated superior leadership skills throughout his career and I am confident in his ability to serve as NMT’s chairman.”

Mahoney was elected a director of the company in October. He currently serves as president of the Mahoney Group, a private financial consulting firm. Ahern joined NMT Medical in September 2000 as president/CEO and chairman.

NMT Medical makes implant technologies that allow interventional cardiologists to treat structural heart disease through minimally invasive, catheter-based procedures.