After IPO, Bausch + Lomb turns to an industry favorite to run the company

Bausch + Lomb Corp.’s decision to bring back Brent Saunders as CEO hints at the company’s broader ambitions in the global eye-care market.

Bausch + Lomb’s BLCO stock was up about 9% in trading on Thursday after the company announced that Saunders will return to the company, officially taking over as CEO and chair on March 6. He previously ran what was then called Bausch & Lomb from 2010 to 2013, and he’ll continue to serve as chair of Beauty Health Co. SKIN , which markets the HydraFacial system.

The company was acquired by Valeant Pharmaceuticals Inc. for $4.5 billion in 2013. At that time, Valeant had a unique approach to growth: It acquired lots of companies and then cut spending on research and development to 3% of total revenue — at a time when the industry average was about 20%, according to Phrma, a lobbying group.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WSJ News Exclusive | Eye-Care Company Bausch + Lomb to Name Brent Saunders CEOEye-care company Bausch + Lomb Corp. is expected to name Brent Saunders as chief executive officer and chairman of its board, according to people familiar with the matter São só gânglios esforço físico em exarcebo me causaram ônus não perturbador por aqui só !!
Source: WSJ - 🏆 98. / 63 Read more »

WSJ News Exclusive | Eye-Care Company Bausch + Lomb Names Brent Saunders CEOEyecare company Bausch + Lomb has named Brent Saunders as its next chief executive. When he takes the helm in March, it will be his second stint running the company. via WSJ
Source: WSJhealth - 🏆 413. / 53 Read more »