Joseph Papa is leaving the helm of Bausch + Lomb Corp. 10 weeks after its launch as a standalone company due to an activist investor’s impact on the board of the manufacturer and marketer OTC drug and dietary supplements for eye health and vision care.
Bausch + Lomb CEO Leaving 10 Weeks Following IPO, Month After Icahn Gains Two Board Seats
Joseph Papa steps down as chair and will remain at helm and on board until successor appointed. Guggenheim analysts reported representatives on B+L board for activist investor Carl Icahn appointed a month ago likely led to Papa’s exit.
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