Tag Archives: vrx

Valeant Taps Former CFO Schiller As Interim CEO

Specialty-drug giant Valeant Pharmaceuticals (VRX) said Wednesday that it had appointed an interim CEO while its regular CEO continues to recover from pneumonia. Valeant said that it had tapped Howard Schiller, a board member who served as CFO from 2011 until last June, to lead the company during J. Michael Pearson’s indefinite leave of absence. Word that Pearson had been hospitalized first emerged on Christmas Day, and the following Monday

Valeant Stock Sinks As CEO Sidelined By Illness

Shares of embattled specialty drugmaker Valeant Pharmaceuticals International (VRX) sank Monday as the company said its CEO would go on indefinite medical leave. Valeant sent an email to the press on Christmas Day stating that CEO J. Michael Pearson had been hospitalized for pneumonia, giving no further details. On Monday, the firm issued a formal press release saying that Pearson is on medical leave and that a three-man team composed of General