Bausch + Lomb announced changes in the board of directors after the termination of an agreement with Carl C. Icahn and affiliates.
Directors Brett M. Icahn and Gary Hu resigned from the board.
The company's chairman and CEO, Brent Saunders, expressed gratitude for their contributions.
Agreement Termination
The agreement with Carl C. Icahn and affiliates was terminated due to a drop in the net long position in the company's common shares.
Resignations
Directors Brett M. Icahn and Gary Hu resigned from the Bausch + Lomb Board of Directors.
Chairman's Statement
Brent Saunders thanked the departing directors and wished them well in their future endeavors.
- The board changes may influence the company's strategic direction and decision-making processes.
- Investors may monitor how the resignations impact the company's governance and future initiatives.
The board changes at Bausch + Lomb mark a significant event in the company's leadership structure, raising questions about future governance and strategic decisions.