Bausch & Lomb appoints new chairman and CEO

Former executives of Schering-Plough, Fred Hassan and Brent Saunders, have taken over the helm at Bausch & Lomb as chairman and CEO respectively.

New CEO Saunders, in an interview with Associated Press, said: “The previous management should be commended for all the hard work it did to stabilize this company. I've been involved in a stabilization project myself in my past employer, and I know how difficult that can be. It's time for the company to look to the future with a mission of becoming 'not the biggest' but 'the best company in vision care,” Saunders continued.

“We'll be looking to do some tuck-in acquisitions, focused in looking for new products and new sciences and technologies to advance eye health.”