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Bausch Health shares fall after CFO resignation

Bausch Health Cos. Inc. (BHC.T) shares fell nearly 3% premarket on Tuesday after the company announced late Monday that chief financial officer Tom Vadaketh has resigned effective Oct. 13 to pursue another opportunity. Enviri Corp. (NVRI), a provider of environmental solutions for industrial and specialty waste streams, on Monday named Vadeketh as its next CFO. Bausch Health said that senior vice president John Barresi would become interim CFO if a permanent replacement is not found by the time of Vadaketh's departure. Bausch shares have gained 33% in the year to date, while the S&P 500 has gained 16%.

-Eleanor Laise

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09-19-23 0755ET

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