Joe Pa­pa re­signs as chair of Bausch Health as bil­lion­aire John Paul­son takes over

Joe Pa­pa, chair of Bausch Health, of­fi­cial­ly re­signed on Thurs­day and the board ap­point­ed bil­lion­aire hedge fund man­ag­er John Paul­son as the new chair, ef­fec­tive im­me­di­ate­ly.

The spe­cial­ty phar­ma com­pa­ny sought to make clear that Pa­pa’s abrupt de­par­ture “was not due to any dis­pute or dis­agree­ment with the Com­pa­ny, its man­age­ment or the Board on any mat­ter re­lat­ing to the Com­pa­ny’s op­er­a­tions, poli­cies or prac­tices.”

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