Valeant names senior vice president and corporate controller

Valeant Pharmaceuticals International announced it has named Sam Eldessouky senior vice president and corporate controller.

Eldessouky, with more than 20 years of experience in accounting and finance, was senior vice president, controller and chief accounting officer at Tyco International Plc since 2011, according to a press release. He will begin his new position on May 31.

"Sam is an experienced professional with a proven track record of delivering results in a complex, global public company, and we're pleased to have him lead Valeant's financial reporting efforts going forward," Robert Rosiello, executive vice president and chief financial officer, stated in the release.

Eldessouky’s responsibilities will include directing global accounting and financial reporting activities “to ensure accurate and timely compliance with all internal requirements,” the release reported. He will report directly to Rosiello.

"Financial reporting remains a key area of focus for us, and we look forward to Sam's contributions as we enhance and bolster our reporting structure and policies, and rebuild trust among investors," Joseph C. Papa, chairman and CEO of Valeant, stated in the release.

Eldessouky holds a masters in accounting and finance from the University of Liverpool. He is a certified public accountant and chartered global management accountant, according to the release.

Reference: www.valeant.com