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Bausch Health Chief Executive Thomas Appio Appointed to Bausch + Lomb Board

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Bausch Health Companies (BHC.TO) said Thursday that its chief executive Thomas Appio has been appointed to the board of its subsidiary Bausch + Lomb (BLCO.TO).

The appointment was effective August 5.

Bausch Health, which holds an 87% equity stake in Bausch + Lomb, said in a statement that it requested the change that it said was "consistent" with its ownership position.

It reiterated its support for Bausch + Lomb's strategy and long-term growth objectives.

"Bausch + Lomb is an important asset of Bausch Health, and I look forward to working with the board to support its strategy and help drive long-term value for shareholders," Appio said.

Bausch Health shares were last seen down C$0.43 at C$8.37 on the Toronto Stock Exchange.

Price: $8.38, Change: $-0.42, Percent Change: -4.77%

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