This article is more than 5 years old. Information may no longer be current.
Bausch & Lomb appoints Gerald M. Ostrov as new chairman, CEO
Click Here to Manage Email Alerts
WAIKOLOA, Hawaii and ROCHESTER, N.Y. — Bausch & Lomb announced that it has named Gerald M. Ostrov as its new chairman and chief executive officer. The appointment is effective immediately.
Current chairman and CEO Ronald L. Zarrella will retire in March and serve as chairman emeritus for the company, according to a Bausch & Lomb press release.
Mr. Ostrov joins Bausch & Lomb with over 30 years of experience in ophthalmic business and consumer marketing. He initially joined the company in 1976.
After a brief term as president of Ciba Consumer Pharmaceuticals, Mr. Ostrov returned to Johnson & Johnson in 1991 as president of its Personal Products business, and became company group chairman for its North American Consumer and Personal Care businesses.
"It's an honor to lead Bausch & Lomb into a growth period, one that we believe will be marked by considerable success across the vision care, pharmaceutical and surgical businesses," said Mr. Ostrov, in the release.
"Warburg Pincus' commitment to a long-term investment horizon, and the collaborative relationship it has quickly built with Bausch & Lomb, is empowering the company to grow. This week's eyeonics acquisition announcement is testament to our positive momentum," he added, in the release.
Mr. Ostrov has recently served as Johnson & Johnson's company group chairman of Worldwide Vision Care from 1998 to 2006. He also received an MBA from Harvard University and a BS in industrial engineering and operations research from Cornell University.