Worcester Business Journal

18 Worcester Business Journal | April 29, 2024 | wbjournal.com P O W E R 1 0 0 G L O B A L B U S I N E S S Eric Busenburg President Euro-American Worldwide Logistics, in Worcester Employees: 23 Residence: Shrewsbury College: Quinnipiac University Busenburg leads the family business founded in 1966 by his grandfather, Neil Lu- cey, expanding the focus of the original manufacturing exports company to provide logistics, storage, and global trade compliance services to pharmaceutical and life sciences manufacturers. As the Central Mass. life sciences industry looks to grow, Busenburg and Euro-American provide an important link to the rest of the world. Busenburg started as a client representative and learned from the ground up. "Very early in my career, I was lucky enough to be given the opportunity to assist with process improvements, quality audits, and writing standard operational procedures," he said. Headquartered on Airport Drive at Worcester Regional Airport, Euro-American can ship by air from either Worcester or Boston Logan International Airport, as well as by sea in Boston and New York, acting as a key hub for companies needing climate-controlled storage and specialty shipping services to ensure the integrity of their products. e business acts as a third-party satellite for clients' materials management and has worked with clients from other life sciences hubs, including those in California and Canada. In the last year, Busenburg and Euro-American completed a 20,000-square-foot expansion of its existing 45,000-square-foot life sciences warehouse facility, providing a cluster of manufacturers of pharmaceuticals from Worcester to Boston with much-needed space when scaling up production. e investment is part of a long-term plan begun in 2015 when the company saw revenue decline. Aer extensive analysis, the company realized the potential of the life sciences sector and immediately began making investments to accommodate. Euro-American obtained the needed certification and ensured regulatory compli- ance in less than a year, allowing it to attract new long-term customers. – E.M. Michael Mahoney Chairman & CEO Boston Scientific, in Marlborough Employees: 48,000 Colleges: Wake Forest University, University of Iowa As a leader of one of the largest and highest-profile companies based in Central Massachusetts, Mahoney plays a key role in the region's business landscape. Boston Scientific has more than 48,000 employees, with 2,800 employees based in Central Massachusetts, according to data provided to the WBJ Research Department. is makes the company the second-largest manufacturing employer in the area. e company operates in 130 countries around the world, providing medical solutions to more than 33 million patients each year. With Mahoney at the wheel since 2012, Boston Scientific has made strides in bringing medical devices to market. In February, the company announced it received U.S. Food & Drug Administration approval for a spinal cord stimulator device created in an attempt to reduce the use of opioids. at same month, Boston Scientific announced the $3.7-billion purchase of Axonics, a California-based company specializing in medical equipment meant to improve the quality of life of those who are suffering from bladder and bowel dysfunction. While Boston Scientific has been through its ups and downs over the years, the company had a strong 2023, as its revenue of $14.24 billion was a 12.3% increase from 2022. When he isn't leading a multi-billion dollar company, Mahoney assists in the operation of another one as a board member of Rhode Island-based CVS Health, as that company navigates challenges including a shortage of pharmacists and the difficulties of combating the without alienating longtime customers. He is the chair of the board of governors of the Boston College Chief Executives Club and gives back to the community as a board member of the Boys & Girls Club of Boston. - E.C. Udit Batra President & CEO Waters Corp., in Milford Employees: 8,000 Residence: Wellesley Colleges: University of Delaware, Princeton University Waters is a global leader in manufacturing, life sciences, and innovation, with nearly $3 billion in annual revenue and 8,000 employees spread across 35 countries. Despite this broad reach, under Batra the company remains closely tied to the local community with its 1,800 employees in Central Massachusetts and is highly regarded as a great place to work. In May, Waters completed its $1.4-billion acquisition of California instrument company Wyatt Technology, the largest acquisition in the company's history, in what turned out to be a somewhat down year for the entire life sciences sector, as Waters' annual revenue dropped 0.5%. Yet, the company presses forward, as Batra focuses the company on the competitiveness of its products. In December, Waters announced the opening of a $16-million global capacity center in India, which is one of the company's fastest-growing markets. is opening came the same year Waters completed construction on the $215-million facility in Taunton, where the company has operated since 1976. e facility was designed to meet increasing customer demand and is the only LEED-certified chemical manufacturing plant in Massachusetts. Batra, an India native, joined Waters in 2020 aer leading healthcare and life sciences companies for more than 20 years. A chemical engineer by training, he was CEO of MilliporeSigma in Burlington and previously held leadership positions at Merck of New Jersey and Novartis of Switzerland. Last year, Waters was recognized by U.S. News and World Report as a top 200 public company to work for, and by the Human Rights Campaign Equality 100 Award list for creating an inclusive work environment for LGBTQIA+ employees. – E.M. PHOTO | COURTESY OF EURO-AMERICAN WORLDWIDE LOGISTICS

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