---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-197382"
form_type: "8-K"
ticker: "BLCO"
cik: "0001860742"
company_name: "Bausch & Lomb Corp"
filed_at: "2022-07-20T23:59:59+00:00"
generated_at: "2026-06-24T11:39:59.148757+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bausch + Lomb begins CEO search; Papa steps down as chair, reaffirms FY2022 guidance

## Summary
- Joseph Papa steps down as Board chair; Thomas W. Ross Sr. appointed chair. Papa remains CEO until successor found.
- Separation agreement provides Papa with 2x base salary + target bonus lump sum, health benefits, and prorated equity vesting.
- Board reconstitutes committees: Sarah Kavanagh chairs Audit, Richard De Schutter chairs Talent/Comp, Ross chairs Nominating/Governance.
- Company reaffirms full-year 2022 guidance (announced June 8, 2022) and spinoff from Bausch Health expected in 2023.

## SEC filing metadata
- accession: 0001193125-22-197382
- form_type: 8-K
- ticker: BLCO
- cik: 0001860742
- company_name: Bausch & Lomb Corp
- filed_at: 2022-07-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1860742/000119312522197382/0001193125-22-197382-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1860742/000119312522197382/d330026d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-197382
- JSON: https://secwatch.observer/filing/0001193125-22-197382.json
- Plain text: https://secwatch.observer/filing/0001193125-22-197382.txt

## Key facts
- Executive change
  Thomas W. Ross, Sr. was appointed as Chairperson of the Board at Bausch & Lomb Corp.
  - Action: appointed
  - Role: Chairperson of the Board
  source text: Chairperson: Thomas W. Ross, Sr.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1860742/000119312522197382/0001193125-22-197382-index.htm
- Executive change
  Joseph C. Papa departed as Chief Executive Officer at Bausch & Lomb Corp.
  - Action: will step down
  - Role: Chief Executive Officer
  source text: Joseph C. Papa will continue serving as Chief Executive Officer until his successor is appointed
  evidence_url: https://www.sec.gov/Archives/edgar/data/1860742/000119312522197382/0001193125-22-197382-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.