: Bausch + Lomb names ex-CEO Brent Saunders as CEO, replacing Joseph Papa and stock jumps 6.5%
Bausch + Lomb Corp. BLCO said Wednesday it has named Brent Saunders as chief executive and chair effective March 6. Saunders, who will return to the company he headed from 2010 to 2013, will replace Joseph Papa, who is stepping down. Thomas Ross will become lead independent director, the company said in a statement. Saunders has also done stints at Schering-Plough, Forest Laboratorties, Actavis plc, Allergan plc and The Beauty Health Company, in a career that has spanned more than 25 years of leadership. The stock rallied 6.5% premarket and has gained 9.5% in the year to date, while the S&P 500 SPX 8%.
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