Worcester Business Journal

August 25, 2025 - 40 under Forty

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wbjournal.com | August 25, 2025 | Worcester Business Journal 41 Highest-paid CEOs (1) Ranked by total compensation for fiscal year 2024 CEO Total compensation CEO pay ratio/ median employee compensation (2) Salary/ bonus Non-equity incentive plan compensation Option awards/ stock awards Other annual compensation 1 Ernie Herrman president & CEO The TJX Cos. Inc., Framingham $23,482,528 (3) 1,565:1 $15,002 $1,700,002 N/A $6,947,907 N/A $12,600,163 $641,375 2 Michael F. Mahoney chairman, president & CEO Boston Scientific Corp. $21,420,801 (4) 369:1 $58,074 $1,400,000 N/A $3,743,250 $3,562,493 $12,229,998 $193,394 3 Stephen MacMillan chairman, president & CEO Hologic Inc., Marlborough $15,819,261 172:1 $91,871 $1,212,628 N/A $1,990,413 $2,937,477 $9,141,468 $537,275 4 Bob Eddy chairman, president & CEO B.J.'s Wholesale Club, Westborough $13,608,152 513:1 $26,507 $1,350,003 N/A $2,413,766 N/A $9,499,864 $344,519 5 Jim Hollingshead (5) former president & CEO Insulet Corp., Acton $13,302,350 137:1 $96,785 $930,769 N/A $2,111,375 $2,049,986 $8,199,870 $10,350 6 Udit Batra president, CEO & director Waters Corp., Milford $11,148,038 132:1 $84,397 $1,100,000 N/A $1,197,119 $4,375,109 $4,451,510 $24,300 7 Kevin Coop CEO Definitive Healthcare, Framingham $10,876,456 110:1 $102,363 $259,616 N/A $92,201 N/A $10,405,359 $119,280 8 John C. Roche president & CEO The Hanover Insurance Group Inc., Worcester $9,550,596 76:1 $126,501 $1,100,000 N/A $3,300,000 $1,250,025 $3,755,592 $144,979 9 Robert J. Willet (6) former president & CEO Cognex Corp., Natick $7,910,823 100:1 $78,750 $681,200 N/A $703,343 $4,350,009 $2,150,015 $26,256 10 Mark Gitin CEO IPG Photonics Corp., Oxford $6,700,825 167:1 $42,185 $411,346 $775,000 N/A N/A $4,999,759 $514,720 11 Daniel P. McGahn chairman, president & CEO AMSC, Ayer $6,015,053 64:1 $93,320 $652,500 N/A $1,093,925 N/A $4,248,000 $20,628 12 Donald R. Young president, CEO & director Aspen Aerogels Inc., Northborough $3,099,951 30:1 $101,299 $515,000 N/A $1,274,625 $974,990 $324,986 $10,350 13 Michael Murray CEO Kopin Corp., Westborough $2,390,838 N/A $481,155 $226,620 $668,000 N/A $1,007,880 $7,183 14 Brian McKelligon CEO Akoya Biosciences Inc. (7), Marlborough $2,374,703 N/A $546,000 N/A $233,415 $649,302 $940,625 $5,361 15 James W. Green (8) former chairman, president & CEO Harvard Bioscience Inc., Holliston $2,336,576 N/A $513,431 N/A N/A N/A $1,800,000 $23,145 16 George Sakellaris founder, chairman, president & CEO Ameresco Inc., Framingham $1,548,705 14:1 $109,226 $1,500,000 N/A N/A N/A N/A $48,705 Source: Proxy statements filed with the U.S. Securities & Exchange Commission. Note: N/A=not available or not applicable. (1) For public companies headquartered in Central Mass. (2) See company filings for details on how pay ratio and median compensation were calculated. (3) Includes change in pension value and non-qualified deferred compensation of $1,593,081 (4) Includes change in pension value and non-qualified deferred compensation of $291,666 (5) Ashley McEvoy took over as Insulet president and CEO in April 2025. (6) Matt Moschner, former chief operating officer, succeeded to the CEO position on June 27, 2025. Robert Willet continues as Executive Director. (7) Billerica-based Quanterix Corp. completed its acquisition of Akoya Biosciences Inc. on July 8, 2025. (8) Board member John Duke took over as president and CEO on July 28, 2025, upon the retirement of Jim Green. -Compiled by Stephanie R. Meagher, research@nebusinessmedia.com care as innovative as you T H E L I S T

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