BAUSCH & LOMB ANNOUNCES EXECUTIVE REALIGNMENT FOLLOWING RESIGNATION OF RONALD L. ZARRELLA.ROCHESTER, N.Y.--(BUSINESS WIRE)--Nov. 16, 1994--Bausch & Lomb (NYSE/BOL) has announced a realignment re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. of executive responsibilities following the resignation of Ronald L. Zarrella as President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the company. Zarrella has accepted a position as a Vice President and Group Executive with the General Motors Corporation. In announcing the following changes, Daniel E. Gill, chairman and chief executive officer of the company, said, "I am enormously gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that we have such a strong, seasoned senior management team to lead the company as we resume our record of solid, consistent growth. The skill and dedication of our entire workforce is no better exemplified than in these top flight executives." o Jay T. Holmes has been named senior vice president and chief administrative officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive . Previously senior vice president corporate affairs and secretary, Holmes now assumes additional oversight
Oversight may refer to:
company's human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. function. o Alex Kumar, Senior Vice President, has been named Senior Vice President - International Operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. . He will now have responsibility for the company's Europe, Middle East and Africa Division; Asia/Pacific Division; Latin America Division; and Bausch & Lomb's operations in Japan, Canada and India. Kumar, 46, was previously President of the Europe, Middle East and Africa Division. o Thomas M. Riedhammer, previously Vice President and President - Worldwide Pharmaceuticals has been named Senior Vice President - Pharmaceuticals, Surgical and Hearing Care Products. In addition to being responsible for the company's ophthalmic ophthalmic /oph·thal·mic/ (of-thal´mik) ocular (1). oph·thal·mic adj. Of or relating to the eye; ocular. Ophthalmic Pertaining to the eye. pharmaceutical and dental implant dental implant n. An artificial tooth that is anchored in the gums or jawbone to replace a missing tooth. dental implant businesses, Riedhammer, 46, will now have added responsibility for Bausch & Lomb's Miracle Ear Division. o Dwain L. Hahs, 42, has been named President of the Europe, Middle East and Africa Division. Hahs joined Bausch & Lomb in 1977 and was most recently Vice President - Field Operations of the Europe, Middle East and Africa Division. o Stephen A. Hellrung, 47, has been named vice president, secretary and general counsel. He was most recently vice president and general counsel of the company. Zarrella joined Bausch & Lomb's International Division in 1985 and was named President and Chief Operating Officer in February 1993. Zarrella was also a member of the company's board of directors and served on its Management Executive Committee. Commenting on his resignation, Gill acknowledged Zarrella's many contributions to the company notably his direction of Bausch & Lomb's growth strategies outside the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "We wish Ron every success with his new responsibilities," said Gill," and thank him for the leadership and dedication he brought to his key role at our company." Bausch & Lomb said it does not plan to name a successor for Mr. Zarrella. Rather, it will seek to maximize the benefits of a leaner, flatter reporting organization directed by senior executives with extensive experience in the company's businesses. Executives previously reporting to Mr. Zarrella are now reporting either to Daniel E. Gill or other members of senior management. CONTACT: Bausch & Lomb Inc., Rochester
Franklin T. Jepson
716/338-6025
716/461-2534 (residence)
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