“As we start working as a separate group, we are going to leverage our business capabilities to develop entry to our therapies and increase our market attain, and we are going to put money into innovation and new enterprise growth to construct a future product pipeline to deal with unmet wants. I stay up for main our gifted crew of seven,000 world staff towards the thrilling alternatives forward,” continued Mr. Appio.

Sturdy, Skilled Leaders Chosen for Govt Administration Crew ¹

The Bausch Well being government administration crew, which is comprised of skilled leaders with years of experience of their respective areas, consists of:

• Thomas J. Appio , Chief Govt Officer
• Thomas (Tom) Vadaketh , Govt Vice President, Chief Monetary Officer
• Seana Carson , Govt Vice President, Normal Counsel
• Mirza Dautbegovic , Senior Vice President, Chief Working Officer
• Kathleen Fitzpatrick , Senior Vice President, Chief Human Assets Officer
• Jeff Hartness , Senior Vice President, Market Entry, Industrial Operations & Authorities Affairs
• Cees Heiman , Senior Vice President, Europe and Canada
• Graham Jackson , Senior Vice President, Chief High quality Officer
• Tage Ramakrishna , M.D., Chief Medical Officer and President of R&D
• Robert Spurr , President of the U.S. enterprise
• Fernando Zarate , Vice President, Latin America

Bausch Well being to Appoint Dr. Richard Mulligan to the Board of Administrators ¹

Along with the appointment of Mr. Appio as CEO and a member of the Board of Administrators, Richard Mulligan , Ph.D., will probably be appointed to the Bausch Well being Board of Administrators.

Dr. Mulligan is at present the Mallinckrodt Professor of Genetics, Emeritus, at Harvard Medical Faculty , after serving because the Mallinckrodt Professor of Genetics and director of the Harvard Gene Remedy Initiative from 1996 to 2013. He additionally serves as government vice chairman of the Board of Sana Biotechnology, Inc. From March 2017 to October 2018 , he served as a portfolio supervisor at Icahn Capital LP. Previous to that, he was a professor of Molecular Biology on the Massachusetts Institute of Expertise, a member of the Whitehead Institute for Biomedical Analysis and chief scientific officer of Somatix Remedy Company, a drug discovery and growth firm that he based. Dr. Mulligan was a founding companion of Sarissa Capital Administration LP from 2013 to 2016. He was named a MacArthur Basis Fellow in 1981.

Mr. Papa will stay within the position of chairman of the Board of Administrators for Bausch Well being till the total separation of Bausch + Lomb, at which era Robert N. Energy will succeed as chairman.

Upon completion of the IPO, the Bausch Well being Board of Administrators will embrace the next people:

• Joseph C. Papa , Chairman
• Robert N. Energy
• Thomas J. Appio
• Richard U. DeSchutter
• Brett Icahn
• Argeris ( Jerry) N. Karabelas , Ph.D.
• Sarah B. Kavanagh
• Steven D. Miller
• Richard Mulligan , Ph.D.
• Russel C. Robertson
• Thomas W. Ross, Sr.
• Amy B. Wechsler , M.D.

For extra details about the corporate’s management and Board of Administrators, please go to www.bauschhealth.com .

Bausch Well being will proceed to be headquartered in Laval, Quebec , and can proceed to commerce on the New York Inventory Alternate and Toronto Inventory Alternate beneath its current image, “BHC”.

About Bausch Well being

Bausch Well being Corporations Inc. (NYSE/TSX: BHC) is a worldwide diversified pharmaceutical firm whose mission is to enhance folks’s lives with our well being care merchandise. We develop, manufacture and market a variety of merchandise primarily in gastroenterology, hepatology, neurology, dermatology and worldwide prescribed drugs. With our main sturdy manufacturers, we’re delivering on our commitments as we construct an revolutionary firm devoted to advancing world well being. For extra data, go to www.bauschhealth.com and join with us on Twitter and LinkedIn .

Ahead-looking Statements

This information launch might include forward-looking statements, inside the which means of relevant securities legal guidelines (collectively, “forward-looking statements”), together with, however not restricted to, statements respecting the appointment of sure administration crew members and the anticipated efficient date of such appointments and statements concerning the completion of the preliminary public providing (IPO) of Bausch + Lomb and the total separation of Bausch + Lomb. Ahead-looking statements might usually be recognized by way of the phrases “anticipates,” “hopes,” “expects,” “intends,” “plans,” “ought to,” “might,” “would,” “might,” “will,” “believes,” “estimates,” “potential,” “goal,” or “proceed” and variations or comparable expressions, and phrases or statements that sure actions, occasions or outcomes might, might, ought to or will probably be achieved, acquired or taken, or will happen or consequence, and comparable such expressions additionally determine forward-looking data. These forward-looking statements are based mostly upon the present expectations and beliefs of administration and are supplied for the aim of offering extra details about such expectations and beliefs, and readers are cautioned that these statements might not be applicable for different functions. These forward-looking statements are topic to sure dangers and uncertainties that would trigger precise outcomes to vary materially from these described within the forward-looking statements. These dangers and uncertainties embrace, however will not be restricted to, the dangers and uncertainties mentioned within the Bausch Well being’s most up-to-date annual and quarterly studies and detailed infrequently in Bausch Well being’s different filings with the U.S. Securities and Alternate Fee and the Canadian Securities Directors, which dangers and uncertainties are integrated herein by reference. These dangers and uncertainties additionally embrace, however will not be restricted to, the dangers regarding the completion of the IPO transaction, together with attributable to unfavorable market or different circumstances or elements; the likelihood that the opposite approvals for or circumstances to the completion of the transaction will not be acquired or glad on a well timed foundation or in any respect; adjustments within the anticipated timing for closing the transaction; enterprise disruption in the course of the pendency of or following the transaction; diversion of administration time on transaction-related points; the flexibility to retain Bausch + Lomb administration crew members; dangers associated to the response of consumers and different events to such transaction; the influence of such transaction on relationships with clients, suppliers, staff and different enterprise counterparties; the danger that the proposed distribution of Bausch + Lomb widespread shares to Bausch Well being’s shareholders doesn’t happen within the method or on the timelines anticipated or in any respect; and different occasions that would adversely influence the completion of the transaction, together with trade or financial circumstances exterior of Bausch Well being’s management. Particularly, Bausch Well being can provide no assurance that any distribution will happen in any respect, or that any such transaction or transactions will happen on the timelines, within the method or on the phrases anticipated by Bausch Well being. In addition they embrace, however will not be restricted to, dangers and uncertainties brought on by or regarding the COVID-19 pandemic, together with a doable resurgence of the virus and variant strains thereof and its influence on entry to well being care services and products, the supply and use of efficient vaccines, the imposition of latest social restrictions, disruptions in Bausch Well being’s provide chain and distribution channels or the continued macroeconomic and well being care restoration from the impacts of the COVID-19 pandemic. As well as, sure materials elements and assumptions have been utilized in making these forward-looking statements, together with the idea that the dangers and uncertainties outlined above is not going to trigger precise outcomes or occasions to vary materially from these described in these forward-looking statements.

Bausch Well being believes that the fabric elements and assumptions mirrored in these forward-looking statements are cheap within the circumstances, however readers are cautioned to not place undue reliance on any of those forward-looking statements. These forward-looking statements converse solely as of the date hereof. Bausch Well being undertakes no obligation to replace any of those forward-looking statements to replicate occasions or circumstances after the date of this information launch or to replicate precise outcomes, except required by legislation.

¹ All management and board appointments are conditional and efficient upon the closing of the IPO of Bausch + Lomb.
² The widespread shares have been accredited for itemizing on the New York Inventory Alternate (“NYSE”) and conditionally accredited for itemizing on the Toronto Inventory Alternate (“TSX”). The widespread shares start buying and selling on the NYSE and on an “if, as and when issued foundation” on the TSX on Might 6, 2022 ; and the IPO is predicted to shut on Might 10, 2022 , topic to customary closing circumstances.

View unique content material to obtain multimedia: https://www.prnewswire.com/news-releases/bausch-health-announces-thomas-j-appio-as-chief-executive-officer-301541876.html

SOURCE Bausch Well being Corporations Inc.