Gerald Ostrov, Bausch & Lomb’s current chairman and CEO, is retiring. He will continue to serve as a consultant. The position of chief executive officer will be filled by Brent Saunders, who headed Schering-Plough’s consumer healthcare unit. Fred Hassan, who ran Schering-Plough as chief executive, will become chairman of Baush & Lomb.

Read more here:
Two former Schering-Plough executives land at Bausch & Lomb