Former Schering-Plough CEO elected to Bausch & Lomb BOD

ROCHESTER, N.Y. Former Schering-Plough chairman and CEO Fred Hassan has been elected to the board of Bausch & Lomb, the eyecare company reported Thursday.

“Bausch & Lomb and its customers will benefit from Fred Hassan’s extensive global business experience and his in-depth knowledge of the healthcare industry,” stated Gerald Ostrov, chairman and CEO, Bausch & Lomb. “We will especially value [Hassan’s] insights as we develop and market innovative pharmaceutical products for the global eye health industry.”

Hassan was chairman and CEO of Schering-Plough Corporation from 2003 until its acquisition by Merck earlier this month. Before joining Schering-Plough, he served as chairman and CEO of Pharmacia until that company was acquired by Pfizer in 2003.