Bausch & Lomb Corp

BLCO: XNYS (USA)
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Bausch & Lomb: Sudden Leadership Transition Raises Questions, but We Hold Valuation Steady

Bausch & Lomb announced Thomas Appio, the chairman of the board of directors, will serve as an interim chief executive and replace the sitting leader, Brent Saunders, effective immediately. The reason for Saunders' departure was not disclosed. Shares traded down 10% intraday Oct. 12.

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