On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

1590 AM Coldwater, Michigan 95.5 FM Coldwater, Michigan

Weather

Current Conditions(Coldwater,MI 49036)

More Weather »
51° Feels Like: 51°
Wind: NE 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Cloudy 60°

Tonight

Partly Cloudy 48°

Tomorrow

Partly Cloudy 69°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Forest Labs names ex-Bausch & Lomb head Saunders as CEO

(Reuters) - Forest Laboratories Inc on Tuesday said it named Brent Saunders, the former head of Bausch & Lomb Inc, as chief executive officer to replace its departing long-time leader, Howard Solomon.

The move comes after Forest wrangled with billionaire investor Carl Icahn for years and ultimately struck a deal with him that averted a proxy fight this summer.

Forest said Saunders would take on the role effective October 1, a bit earlier transition than initially announced in May when the company divulged that Solomon would be leaving at year's end after his 35-year run at the helm. Saunders has been a director at Forest since August 2011.

Forest said then it was looking at internal and external candidates for CEO and Reuters reported that Saunders was seen as a candidate. In June, Forest agreed to appoint an independent director to its board chosen by Icahn, and Icahn abandoned the proxy fight he had planned.

Saunders had been Bausch & Lomb's CEO from 2010 until last month and previously worked at Schering-Plough Corp, which was purchased by Merck & Co in 2009. Canada's Valeant Pharmaceuticals agreed to buy Bausch & Lomb for about $8.7 billion earlier this year.

(Reporting by Caroline Humer; Editing by Lisa Von Ahn and Maureen Bavdek)

Comments