Bausch + Lomb CEO Saunders steps down, Chairman Appio appointed interim chief

By Reuters News

Oct 12 (Reuters) - Bausch + Lomb BLCO.TO said on Monday that CEO Brent Saunders will depart the company after a mutual agreement with the board, and the eye-care company's Chairman Thomas Appio will take on the role on an interim basis effective immediately.

Here are more details:

  • Bausch + Lomb did not disclose a reason for Saunders' departure, and the company did not immediately respond to a Reuters request for comment on it.

  • Saunders had led Bausch + Lomb since 2023, and had an earlier stint at the company from 2010 to 2013. He previously led Allergan until its $63 billion sale to AbbVie ABBV.N in 2020.

  • Appio, who has been Bausch Health's CEO since 2022, previously headed Bausch + Lomb’s international business.

  • Citi said the timing of Saunders' departure “seems sudden” but Appio’s long experience at Bausch + Lomb positions him well to lead the company during the transition.

  • Bausch + Lomb and Bausch Health expect to raise their 2026 forecasts for adjusted EBITDA, excluding acquired research and development costs, based on preliminary third-quarter results.

  • Both companies will provide updated forecasts with their third-quarter results on October 28.

  • Contact lens maker Bausch + Lomb's current full-year adjusted EBITDA forecast is between $1.025 billion and $1.075 billion.

  • Bausch Health listed Bausch + Lomb separately in 2022 but retained control. A potential sale process ended without a deal in 2025.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.