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{{Short description|American businessman}}
{{Short description|American businessman and philanthropist (1941–2022)}}
{{Other people|Peter Nicholas}}
{{Use mdy dates|date=June 2017}}
{{Use mdy dates|date=May 2022}}
{{Use American English|date=May 2022}}
{{Infobox person
{{Infobox person
| name = Peter Nicholas
| name = Peter Nicholas
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| death_date = {{death date and age|2022|5|14|1941|5|16}}
| death_date = {{death date and age|2022|5|14|1941|5|16}}
| death_place = [[Boca Grande, Florida]], U.S.
| death_place = [[Boca Grande, Florida]], U.S.
| death_cause =
| nationality = American
| education =
| education =
| alma mater = [[Duke University]]<br /> [[University of Pennsylvania]]
| alma mater = [[Duke University]] (BA)<br /> [[University of Pennsylvania]] (MBA)
| occupation =
| occupation =
| title =
| title =
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| predecessor =
| predecessor =
| successor =
| successor =
| known for = co-founder of [[Boston Scientific]]
| known for = Co-founder of [[Boston Scientific]]
| boards =
| boards =
⚫
| spouse = {{marriage|Virginia "Ginny" Lilly|1964}}
| networth = US$1.9 billion (2006)<ref name="Forbes2006-GU5A" />
⚫
| spouse = Virginia "Ginny" Lilly
| children =
| children =
| parents =
| parents =
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| website =
| website =
}}
}}

'''Peter Michael Nicholas''' (May 16, 1941{{spnd}}May 14, 2022) was an American businessman and philanthropist. He co-founded medical device firm [[Boston Scientific]] with partner [[John Abele]] in 1979.
'''Peter Michael Nicholas''' (May 16, 1941 – May 14, 2022) was an American businessman and philanthropist. He co-founded medical device firm [[Boston Scientific]] with partner [[John Abele]] in 1979.


==Early life==
==Early life==
Nicholas was born in [[Portsmouth, New Hampshire]], on May 16, 1941. He was the second of four children of Nicholas Nicholas and Vrysula (Coucouvitis), both of whom [[Greek Americans|immigrated to the Untied States from Greece]].<ref name="Globe obit">{{cite news|title=Peter Nicholas, cofounder of Boston Scientific, dies at 80|url=https://www.bostonglobe.com/2022/05/15/metro/peter-nicholas-cofounder-boston-scientific-dies-80/|first=Bryan|last=Marquard|date=May 15, 2022|access-date=May 17, 2022|newspaper=The Boston Globe|archiveurl=https://web.archive.org/web/20220516061137/https://www.bostonglobe.com/2022/05/15/metro/peter-nicholas-cofounder-boston-scientific-dies-80/|archivedate=May 16, 2022}}</ref><ref name=Goldberg>{{cite news|title=Peter Nicholas, Co-Founder of Boston Scientific, Dies at 80|url=https://www.bloomberg.com/news/articles/2022-05-16/peter-nicholas-co-founder-of-boston-scientific-dies-at-80|first=Carey|last=Goldberg|date=May 16, 2022|access-date=May 17, 2022|publisher=Bloomberg News}}</ref> His father was a [[United States Navy]] career officer and served during [[World War II]]. Nicholas attended [[St. Paul's School (New Hampshire)|St. Paul's School]] in his home state, where he was a [[Letterman (sports)|letterman]] in baseball, football, and squash. Although he was accepted into the [[United States Naval Academy]], he did not pass an entrance [[physical examination]] due to his eyesight.<ref name="Globe obit" /> He then received a late admission into [[Duke University]], graduating in 1964.<ref name="Globe obit" /><ref name="Duke obit">{{cite news|title=Duke Flags Lowered: Former Trustee Chair Peter M. Nicholas Dies at Age 80|url=https://today.duke.edu/2022/05/former-trustee-chair-peter-m-nicholas-dies-age-80|date=May 16, 2022|access-date=May 17, 2022|publisher=Duke University}}</ref> After serving in the U.S. Navy as a communications officer on the [[USS Lookout (YAGR-2)|USS ''Lookout'']] and member of the special operations warfare group for two years,<ref name="Globe obit" /><ref name=Wharton /> he undertook [[Postgraduate education|postgraduate studies]] at the [[Wharton School of the University of Pennsylvania]], obtaining a [[Master of Business Administration]] in 1968.<ref name="Globe obit" />
Nicholas was born in [[Portsmouth, New Hampshire]], on May 16, 1941. He was the second of four children of Nicholas Nicholas and Vrysula (Coucouvitis), both of whom [[Greek Americans|immigrated to the United States from Greece]].<ref name="Globe obit">{{cite news|title=Peter Nicholas, cofounder of Boston Scientific, dies at 80|url=https://www.bostonglobe.com/2022/05/15/metro/peter-nicholas-cofounder-boston-scientific-dies-80/|first=Bryan|last=Marquard|date=May 15, 2022|access-date=May 17, 2022|newspaper=The Boston Globe|archiveurl=https://web.archive.org/web/20220516061137/https://www.bostonglobe.com/2022/05/15/metro/peter-nicholas-cofounder-boston-scientific-dies-80/|archivedate=May 16, 2022|url-status=live}}</ref><ref name=Goldberg>{{cite news|title=Peter Nicholas, Co-Founder of Boston Scientific, Dies at 80|url=https://www.bloomberg.com/news/articles/2022-05-16/peter-nicholas-co-founder-of-boston-scientific-dies-at-80|first=Carey|last=Goldberg|date=May 16, 2022|access-date=May 17, 2022|publisher=Bloomberg News}}</ref> His father was a [[United States Navy]] career officer and served during [[World War II]]. Nicholas attended [[St. Paul's School (New Hampshire)|St. Paul's School]] in his home state, where he was a [[Letterman (sports)|letterman]] in baseball, football, and squash. Although he was accepted into the [[United States Naval Academy]], he did not pass an entrance [[physical examination]] due to his eyesight.<ref name="Globe obit" /> He then received a late admission into [[Duke University]], graduating in 1964.<ref name="Globe obit" /><ref name="Duke obit">{{cite news|title=Duke Flags Lowered: Former Trustee Chair Peter M. Nicholas Dies at Age 80|url=https://today.duke.edu/2022/05/former-trustee-chair-peter-m-nicholas-dies-age-80|date=May 16, 2022|access-date=May 17, 2022|publisher=Duke University}}</ref> After serving in the U.S. Navy as a communications officer on the [[USS Lookout (YAGR-2)|USS ''Lookout'']] and member of the special operations warfare group for two years,<ref name="Globe obit" /><ref name=Wharton /> he undertook [[Postgraduate education|postgraduate studies]] at the [[Wharton School of the University of Pennsylvania]], obtaining a [[Master of Business Administration]] in 1968.<ref name="Globe obit" />


==Career==
==Career==
Nicholas first worked for [[Eli Lilly and Company]] in sales, marketing, and management for a decade from 1968 to 1978. He subsequently acted as general manager of the [[Merck Millipore|Millipore Corporation]]'s medical products division.<ref name="Globe obit" /><ref name=Wharton />
Nicholas first worked for [[Eli Lilly and Company]] in sales, marketing, and management for a decade from 1968 to 1978. He subsequently acted as general manager of the [[Merck Millipore|Millipore Corporation]]'s medical products division.<ref name="Globe obit" /><ref name=Wharton />


Nicholas first met scientist [[John Abele]] at a Christmas party in [[Concord, Massachusetts|Concord]] in 1979. The latter was president of [[Meditech]] at the time.<ref name="Globe obit" /> They borrowed $800,000 to start [[Boston Scientific]], a manufacturer of medical devices. He helped grow the company through a series of astute acquisitions.<ref>{{cite web|last=Tully |first=Shawn |url=https://money.cnn.com/magazines/fortune/fortune_archive/2006/10/16/8390284/index.htm |title=Boston Scientific paid too high a price for Guidant - October 16, 2006 |publisher=Money.cnn.com |date=October 5, 2006 |accessdate=June 13, 2017}}</ref> Nicholas acted as [[chief executive officer]] of the company until 1999, when he became chair of the board. He continued in that role until his retirement in 2016.<ref name=Goldberg />
Nicholas first met scientist [[John Abele]] at a Christmas party in [[Concord, Massachusetts|Concord]] in 1979. The latter was president of [[Meditech]] at the time.<ref name="Globe obit" /> They borrowed $800,000 to start [[Boston Scientific]], a manufacturer of medical devices. He helped grow the company through a series of astute acquisitions.<ref>{{cite web|last=Tully |first=Shawn |url=https://money.cnn.com/magazines/fortune/fortune_archive/2006/10/16/8390284/index.htm |title=Boston Scientific paid too high a price for Guidant - October 16, 2006 |publisher=Money.cnn.com |date=October 5, 2006 |accessdate=June 13, 2017}}</ref> Nicholas was [[chief executive officer]] of the company until 1999, when he became chairman. He continued in that role until his retirement in 2016.<ref name=Goldberg />


Nicholas was Chairman Emeritus of the Duke Board of Trustees.<ref name="Globe obit" /> He was ranked #78 by ''[[Forbes]]'' magazine's 2005 list of "The 400 Richest Americans", with an estimated worth of $4 billion,<ref>{{cite news|title=Moving up in the world|url=http://archive.boston.com/business/articles/2005/09/23/moving_up_in_the_world/|date=September 23, 2005|access-date=May 17, 2022|website=[[Boston.com]]|agency=Associated Press|archiveurl=https://web.archive.org/web/20220517202750/http://archive.boston.com/business/articles/2005/09/23/moving_up_in_the_world/|archivedate=May 17, 2022|url-status=live}}</ref> before finishing #189 the following year.<ref name="Forbes2006-GU5A">{{cite news|title=#189 Peter M Nicholas - Net Worth: $1.9 billion |url=https://images.forbes.com/lists/2006/54/biz_06rich400_Peter-M-Nicholas_GU5A.html|date=September 21, 2006|access-date=May 17, 2022|magazine=Forbes}}</ref> Nicholas was one of seven Greek Americans to feature on the aforementioned list.<ref>{{cite book|title=Greece in the Twentieth Century|url=https://books.google.com/books?id=1wk1YLdUWjoC&pg=PA299|publisher=Psychology Press|year=2003|editor-last1=Couloumbis|editor-first1=Theodore A.|editor-last2=Kariotis|editor-first2=Theodore C.|editor-last3=Bellou|editor-first3=Fotini|page=299|isbn=9780714654072}}</ref>
Nicholas was chairman emeritus of the Duke board of trustees.<ref name="Globe obit" /> He was ranked #78 by ''[[Forbes]]'' magazine's 2005 list of "The 400 Richest Americans", with an estimated worth of $4 billion,<ref>{{cite news|title=Moving up in the world|url=http://archive.boston.com/business/articles/2005/09/23/moving_up_in_the_world/|date=September 23, 2005|access-date=May 17, 2022|website=[[Boston.com]]|agency=Associated Press|archiveurl=https://web.archive.org/web/20220517202750/http://archive.boston.com/business/articles/2005/09/23/moving_up_in_the_world/|archivedate=May 17, 2022|url-status=live}}</ref> before finishing #189 the following year.<ref name="Forbes2006-GU5A">{{cite news|title=#189 Peter M Nicholas - Net Worth: $1.9 billion |url=https://images.forbes.com/lists/2006/54/biz_06rich400_Peter-M-Nicholas_GU5A.html|date=September 21, 2006|access-date=May 17, 2022|magazine=Forbes}}</ref> Nicholas was one of seven Greek Americans to feature on the aforementioned list.<ref>{{cite book|title=Greece in the Twentieth Century|url=https://books.google.com/books?id=1wk1YLdUWjoC&pg=PA299|publisher=Psychology Press|year=2003|editor-last1=Couloumbis|editor-first1=Theodore A.|editor-last2=Kariotis|editor-first2=Theodore C.|editor-last3=Bellou|editor-first3=Fotini|page=299|isbn=978-0-7146-5407-2}}</ref>


The Nicholas family gave $20 million to [[Duke University]] in 1996 for the [[Nicholas School of the Environment|School of the Environment]], which subsequently renamed the school in his honor. In 2000, Nicholas was a recipient of the [[Ellis Island Medal of Honor]].<ref>{{cite web |title=Ellis Island Medals of Honor Archive {{!}} Peter M. Nicholas {{!}} 2000 |url=http://medalists.eihonors.org/index.html |website=medalists.eihonors.org |publisher=[[Ellis Island Honors Society]] |access-date=17 May 2022}}</ref> Eight years later, Nicholas and his wife made another large pledge to Duke totaling $72 million. $70 million of that donation was to go to the Nicholas School of the Environment, while $2 million was to go to [[Duke University Libraries|Perkins Library]].<ref>[http://www.dukenews.duke.edu/2004/01/nicholas_0104.html Nicholases' $72 Million Gift Closes Campaign At Record $2.36 Billion] {{webarchive|url=https://archive.today/20120802233027/http://www.dukenews.duke.edu/2004/01/nicholas_0104.html |date=August 2, 2012 }} ''Duke University Office of News and Communications'', January 8, 2004. Retrieved June 6, 2008.</ref> He served on the Board of Advisors of the [[Nicholas Institute for Environmental Policy Solutions]], which he established.<ref name=Wharton />
The Nicholas family gave $20 million to [[Duke University]] in 1996 for the [[Nicholas School of the Environment|School of the Environment]], which subsequently renamed the school in his honor. In 2000, Nicholas was a recipient of the [[Ellis Island Medal of Honor]].<ref>{{cite web |title=Ellis Island Medals of Honor Archive {{!}} Peter M. Nicholas {{!}} 2000 |url=http://medalists.eihonors.org/index.html |website=medalists.eihonors.org |publisher=[[Ellis Island Honors Society]] |access-date=May 17, 2022}}</ref> Eight years later, Nicholas and his wife pledged a further $72 million to Duke; $70 million to the Nicholas School of the Environment, and $2 million to [[Duke University Libraries|Perkins Library]].<ref>[http://www.dukenews.duke.edu/2004/01/nicholas_0104.html Nicholases' $72 Million Gift Closes Campaign At Record $2.36 Billion] {{webarchive|url=https://archive.today/20120802233027/http://www.dukenews.duke.edu/2004/01/nicholas_0104.html |date=August 2, 2012 }} ''Duke University Office of News and Communications'', January 8, 2004. Retrieved June 6, 2008.</ref> He served on the board of advisors of the [[Nicholas Institute for Environmental Policy Solutions]], which he established.<ref name=Wharton />


==Personal life==
==Personal life==
Nicholas married Virginia (Ginny) Lilly, a descendant of [[Eli Lilly]], in 1964, shortly after they both graduated from Duke University.<ref name="Globe obit" /> They met while studying at the institution,<ref name=Goldberg /> and remained married until his death. Together, they had three children: Peter Jr., J.K., and Katherine.<ref name="Globe obit" /><ref name="Duke obit" /> All three graduated from Duke, as did one of their granddaughters.<ref name="Duke obit" />
Nicholas married Virginia (Ginny) Lilly, a descendant of [[Eli Lilly]], in 1964, shortly after they both graduated from Duke University.<ref name="Globe obit" /> They met while studying at the institution,<ref name=Goldberg /> and remained married until his death. Together, they had three children: Peter Jr., J.K., and Katherine.<ref name="Globe obit" /><ref name="Duke obit" /> All three graduated from Duke, as did one of their granddaughters.<ref name="Duke obit" />


Nicholas died on May 14, 2022, at his home in [[Boca Grande, Florida]], two days before his 81st birthday. He suffered from cancer prior to his death.<ref name="Globe obit" /><ref name=Goldberg />
Nicholas died on May 14, 2022, at his home in [[Boca Grande, Florida]], aged 80. He had been diagnosed with cancer.<ref name="Globe obit" /><ref name=Goldberg />


==Recognition==
==Recognition==
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*Phoenix Lifetime Achievement Award<ref name=Wharton>{{cite web|title=Pete Nicholas, WG'68 – 2019 Joseph Wharton Award for Lifetime Achievement|url=https://www.whartonny.com/article.html?aid=3291|access-date=May 17, 2022|publisher=Wharton Club of New York}}</ref>
*Phoenix Lifetime Achievement Award<ref name=Wharton>{{cite web|title=Pete Nicholas, WG'68 – 2019 Joseph Wharton Award for Lifetime Achievement|url=https://www.whartonny.com/article.html?aid=3291|access-date=May 17, 2022|publisher=Wharton Club of New York}}</ref>
*Ellis Island Medal of Honor, 2000<ref name="Duke obit" /><ref>{{cite book|title=Congressional Record|url=https://www.govinfo.gov/content/pkg/CRECB-2001-pt1/html/CRECB-2001-pt1-Pg1023-2.htm|volume=147|number=1|date=January 30, 2001|access-date=May 17, 2022|publisher=United States Government Publishing Office|edition=Bound }}</ref>
*Ellis Island Medal of Honor, 2000<ref name="Duke obit" /><ref>{{cite book|title=Congressional Record|url=https://www.govinfo.gov/content/pkg/CRECB-2001-pt1/html/CRECB-2001-pt1-Pg1023-2.htm|volume=147|number=1|date=January 30, 2001|access-date=May 17, 2022|publisher=United States Government Publishing Office|edition=Bound }}</ref>
*AdvaMed Lifetime Achievement Award, 2016<ref>{{cite web|title= Boston Scientific Co-Founders John Abele and Pete Nicholas Honored with AdvaMed Lifetime Achievement Award|publisher= AdvaMed|url=https://www.advamed.org/newsroom/press-releases/boston-scientific-co-founders-john-abele-and-pete-nicholas-honored-advamed}}</ref>
*AdvaMed Lifetime Achievement Award, 2016<ref>{{cite web|title= Boston Scientific Co-Founders John Abele and Pete Nicholas Honored with AdvaMed Lifetime Achievement Award|publisher= AdvaMed|url= https://www.advamed.org/newsroom/press-releases/boston-scientific-co-founders-john-abele-and-pete-nicholas-honored-advamed|access-date= September 12, 2020|archive-date= June 5, 2021|archive-url= https://web.archive.org/web/20210605034942/https://www.advamed.org/newsroom/press-releases/boston-scientific-co-founders-john-abele-and-pete-nicholas-honored-advamed|url-status= dead}}</ref>


==References==
==References==
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[[Category:People from Portsmouth, New Hampshire]]
[[Category:People from Portsmouth, New Hampshire]]
[[Category:Military personnel from New Hampshire]]
[[Category:Military personnel from New Hampshire]]
[[Category:Wharton School of the University of Pennsylvania alumni]]
[[Category:Wharton School alumni]]
[[Category:American philanthropists]]

Latest revision as of 15:07, 26 July 2024

For other people named Peter Nicholas, see Peter Nicholas (disambiguation).

Peter Nicholas
Born
Peter Michael Nicholas

(1941-05-16)May 16, 1941[1]
Portsmouth, New Hampshire, U.S.
DiedMay 14, 2022(2022-05-14) (aged 80)
Boca Grande, Florida, U.S.
Alma materDuke University (BA)
University of Pennsylvania (MBA)
Known forCo-founder of Boston Scientific
Spouse
Virginia "Ginny" Lilly
​
​
(m. 1964)​

Peter Michael Nicholas (May 16, 1941 – May 14, 2022) was an American businessman and philanthropist. He co-founded medical device firm Boston Scientific with partner John Abele in 1979.

Early life

[edit]

Nicholas was born in Portsmouth, New Hampshire, on May 16, 1941. He was the second of four children of Nicholas Nicholas and Vrysula (Coucouvitis), both of whom immigrated to the United States from Greece.[2][3] His father was a United States Navy career officer and served during World War II. Nicholas attended St. Paul's School in his home state, where he was a letterman in baseball, football, and squash. Although he was accepted into the United States Naval Academy, he did not pass an entrance physical examination due to his eyesight.[2] He then received a late admission into Duke University, graduating in 1964.[2][4] After serving in the U.S. Navy as a communications officer on the USS Lookout and member of the special operations warfare group for two years,[2][5] he undertook postgraduate studies at the Wharton School of the University of Pennsylvania, obtaining a Master of Business Administration in 1968.[2]

Career

[edit]

Nicholas first worked for Eli Lilly and Company in sales, marketing, and management for a decade from 1968 to 1978. He subsequently acted as general manager of the Millipore Corporation's medical products division.[2][5]

Nicholas first met scientist John Abele at a Christmas party in Concord in 1979. The latter was president of Meditech at the time.[2] They borrowed $800,000 to start Boston Scientific, a manufacturer of medical devices. He helped grow the company through a series of astute acquisitions.[6] Nicholas was chief executive officer of the company until 1999, when he became chairman. He continued in that role until his retirement in 2016.[3]

Nicholas was chairman emeritus of the Duke board of trustees.[2] He was ranked #78 by Forbes magazine's 2005 list of "The 400 Richest Americans", with an estimated worth of $4 billion,[7] before finishing #189 the following year.[8] Nicholas was one of seven Greek Americans to feature on the aforementioned list.[9]

The Nicholas family gave $20 million to Duke University in 1996 for the School of the Environment, which subsequently renamed the school in his honor. In 2000, Nicholas was a recipient of the Ellis Island Medal of Honor.[10] Eight years later, Nicholas and his wife pledged a further $72 million to Duke; $70 million to the Nicholas School of the Environment, and $2 million to Perkins Library.[11] He served on the board of advisors of the Nicholas Institute for Environmental Policy Solutions, which he established.[5]

Personal life

[edit]

Nicholas married Virginia (Ginny) Lilly, a descendant of Eli Lilly, in 1964, shortly after they both graduated from Duke University.[2] They met while studying at the institution,[3] and remained married until his death. Together, they had three children: Peter Jr., J.K., and Katherine.[2][4] All three graduated from Duke, as did one of their granddaughters.[4]

Nicholas died on May 14, 2022, at his home in Boca Grande, Florida, aged 80. He had been diagnosed with cancer.[2][3]

Recognition

[edit]

References

[edit]
  1. ^ "The World's Working Rich". Forbes.com. Retrieved June 13, 2017.
  2. ^ a b c d e f g h i j k Marquard, Bryan (May 15, 2022). "Peter Nicholas, cofounder of Boston Scientific, dies at 80". The Boston Globe. Archived from the original on May 16, 2022. Retrieved May 17, 2022.
  3. ^ a b c d Goldberg, Carey (May 16, 2022). "Peter Nicholas, Co-Founder of Boston Scientific, Dies at 80". Bloomberg News. Retrieved May 17, 2022.
  4. ^ a b c d "Duke Flags Lowered: Former Trustee Chair Peter M. Nicholas Dies at Age 80". Duke University. May 16, 2022. Retrieved May 17, 2022.
  5. ^ a b c d "Pete Nicholas, WG'68 – 2019 Joseph Wharton Award for Lifetime Achievement". Wharton Club of New York. Retrieved May 17, 2022.
  6. ^ Tully, Shawn (October 5, 2006). "Boston Scientific paid too high a price for Guidant - October 16, 2006". Money.cnn.com. Retrieved June 13, 2017.
  7. ^ "Moving up in the world". Boston.com. Associated Press. September 23, 2005. Archived from the original on May 17, 2022. Retrieved May 17, 2022.
  8. ^ "#189 Peter M Nicholas - Net Worth: $1.9 billion". Forbes. September 21, 2006. Retrieved May 17, 2022.
  9. ^ Couloumbis, Theodore A.; Kariotis, Theodore C.; Bellou, Fotini, eds. (2003). Greece in the Twentieth Century. Psychology Press. p. 299. ISBN 978-0-7146-5407-2.
  10. ^ "Ellis Island Medals of Honor Archive | Peter M. Nicholas | 2000". medalists.eihonors.org. Ellis Island Honors Society. Retrieved May 17, 2022.
  11. ^ Nicholases' $72 Million Gift Closes Campaign At Record $2.36 Billion Archived August 2, 2012, at archive.today Duke University Office of News and Communications, January 8, 2004. Retrieved June 6, 2008.
  12. ^ "Golden Plate Awardees of the American Academy of Achievement". www.achievement.org. American Academy of Achievement.
  13. ^ Congressional Record. Vol. 147 (Bound ed.). United States Government Publishing Office. January 30, 2001. Retrieved May 17, 2022.
  14. ^ "Boston Scientific Co-Founders John Abele and Pete Nicholas Honored with AdvaMed Lifetime Achievement Award". AdvaMed. Archived from the original on June 5, 2021. Retrieved September 12, 2020.
[edit]
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