People In Brief
This article was originally published in The Tan Sheet
Executive Summary
Bausch & Lomb: New chairman and CEO Ronald Zarrella plans to lower firm's SG&A expenses, increase R&D and trim personnel based on results of comprehensive talent review, he announces during a conference call Dec. 3. Zarrella also notes B&L has been "under-funding lens care, and while it is a very slow- to no-growth business, we have got a dominant position, a terrific brand and it generates an awful lot of money. I think we ought to be paying a little bit more attention to that." Company's lens care sales fell 7.7% to $118.3 mil. in Q3 (1"The Tan Sheet" Oct. 22, p. 7). Zarrella took over at B&L in mid-November; he will provide a more detailed description of his goals Jan. 4...