ROCHESTER, N.Y. (AP) — Two former Schering-Plough executives are taking charge at Bausch & Lomb, whose chairman and CEO is retiring after guiding the company through the aftermath of a devastating contact lens recall.
The Rochester, N.Y.-based eye care products maker says that Brent Saunders has been appointed chief executive and Fred Hassan was named chairman.
Saunders was president of Schering-Plough's consumer health care unit and Hassan was the drugmaker's CEO and chairman until it was bought in November by Merck for $41.1 billion.
Ostrov took the reins in January 2008 two months after Bausch & Lomb went private. In 2006, the company recalled a multipurpose lens solution that was blamed for a flurry of potentially blinding fungal infections.
