Joseph C. Papa steps down as chair of Bausch + Lomb board of directors
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Joseph C. Papa, chair of the board of directors at Bausch + Lomb, has stepped down, according to a press release.
Thomas W. Ross Sr. has been appointed by the board to serve as the chair, and a search is underway for a new CEO. Papa will remain as CEO and a member of the board until a replacement is found.
Bausch + Lomb will continue its spinoff from Bausch Health, expected to be completed in 2023, amid the change in leadership.
“It has been a privilege to serve as the CEO of first Bausch Health, and now Bausch + Lomb, and to work with amazingly talented and dedicated employees who never wavered from our mission of helping people around the world see better to live better,” Papa said in the release. “After 6 years as CEO, and after accomplishing the IPO of Bausch + Lomb, I believe now is an appropriate time to transition leadership of the company. I am proud of what we have accomplished during my tenure, and I will leave knowing Bausch + Lomb is well positioned for continued success as it transitions toward being a separate company.”
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