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Valeant to be led by group of senior execs as CEO on medical leave

Published 2015-12-28, 08:24 a/m
© Reuters.  Valeant to be led by group of senior execs as CEO on medical leave
PSON
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BHC
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Dec 28 (Reuters) - Valeant Pharmaceuticals International Inc (N:VRX)
VRX.TO VRX.N said a group of company executives will take
over in an interim capacity, until CEO Michael Pearson (L:PSON) returns
from medical leave.
Pearson will be on a medical leave of absence, effective
immediately, the company said in a statement on Monday.
Pearson was hospitalized with a "severe case of pneumonia"
on Friday and is receiving treatment, a company spokeswoman said
on Friday.
Valeant's board has created an "office of the Chief
Executive Officer", which will include general counsel Robert
Chai-Onn, company group chairman Ari Kellen, and chief financial
officer Robert Rosiello.

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