Thomas Ross Sr. has been appointed chair, while Papa will remain as CEO and a member of the board until his successor is named
The company noted that Papa’s departure was not the result of any disagreement with the company.which is in the process of spinning the company off.
Papa stepped down as chief executive of Bausch Health earlier this year and was replaced as chair of the company by hedge fund manager John Paulson last month. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
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