Bausch + Lomb names ex-CEO Brent Saunders as CEO, replacing Joseph Papa and stock jumps 6.5%

Bausch + Lomb Corp.
BLCO,
+8.51%
said Wednesday it has named Brent Saunders as chief government and chair productive March 6. Saunders, who will return to the firm he headed from 2010 to 2013, will swap Joseph Papa, who is stepping down. Thomas Ross will become direct impartial director, the enterprise explained in a statement. Saunders has also finished stints at Schering-Plough, Forest Laboratories, Actavis plc, Allergan plc and The Elegance Health and fitness Co., in a vocation that has spanned additional than 25 decades of leadership. He will continue to maintain the post of chairman of The Elegance Wellness Co.
Pores and skin,
+1.77%.
The inventory rallied 6.5% premarket and has acquired 9.5% in the yr to day, though the S&P 500
SPX,
-.08%
8%.