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Saturday, 14 June 2014

Valeant senior official leaves amid Allergan takeover battle

http://ift.tt/eA8V8J Executive vice-president and company group chairman Ryan Weldon will leave, Valeant confirmed late on Friday after inquiries by Reuters. Like Chief Executive Mike Pearson, Weldon previously worked for management consulting firm McKinsey & Co. "Although his leadership will be missed, the company has created and developed a strong management team and I am confident Ryan will assist us successfully through this transition period," Pearson said in a statement. Weldon exits as Allergan has criticized Valeant's "significant management turnover" and accused the Laval, Quebec-based company of lacking the experience to manage complex global businesses.



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