July 13, 2004
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Alcon president, CEO to retire

Rayment

Cary Rayment will succeed Tim Sear as president and CEO of Alcon beginning this October.

HUNENBERG, Switzerland — Tim Sear, Alcon’s chairman, president and chief executive officer, announced yesterday he would retire, effective Oct. 1, 2004. This morning, Alcon’s board met and promoted Cary Rayment, currently senior vice president, Alcon United States, to the positions of president and chief executive officer.

According to a news release, Mr. Sear will continue as a member and chair of the company’s board of directors until May 2005. Mr. Sear has been with Alcon for 34 years and has helped the company become “active in virtually every country worldwide,” he said in a news release. “It is now time for me to spend more time with my family and to pursue other personal interests.”

Mr. Rayment joined Alcon in 1989 with its acquisition of CooperVision Surgical and has steadily increased his responsibilities in the organization. He has held his current position for more than 3 years.

Kevin Buehler, currently vice president Latin America, Canada and Far East, will replace Mr. Rayment.