---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-039729"
form_type: "8-K"
ticker: "BLCO"
cik: "0001860742"
company_name: "Bausch & Lomb Corp"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T12:05:35.250536+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bausch + Lomb appoints Brent Saunders as CEO and Chair, effective March 6, 2023

## Summary
- Brent Saunders appointed CEO and Chair, effective March 6, 2023; Joseph Papa steps down.
- Saunders previously served as CEO of Bausch + Lomb from 2010-2013; over 25 years healthcare leadership.
- Employment agreement: $1.6M base salary, $6.5M cash sign-on bonus, equity grants of 750k PSUs, 1.32M options, 375k RSUs.
- Saunders will join Feb 16 in advisory capacity; Thomas Ross becomes Lead Independent Director.

## SEC filing metadata
- accession: 0001193125-23-039729
- form_type: 8-K
- ticker: BLCO
- cik: 0001860742
- company_name: Bausch & Lomb Corp
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- 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/1860742/000119312523039729/0001193125-23-039729-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1860742/000119312523039729/d451228d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-039729
- JSON: https://secwatch.observer/filing/0001193125-23-039729.json
- Plain text: https://secwatch.observer/filing/0001193125-23-039729.txt

## Key facts
- Executive change
  Brent Saunders was appointed as Chief Executive Officer and Chair at Bausch & Lomb Corp.
  - Action: appointed
  - Role: Chief Executive Officer and Chair
  source text: On February 15, 2023, Bausch + Lomb Corporation (the “Company”) announced the appointment of Brent Saunders as Chief Executive Officer of the Company, effective March 6, 2023 (the “Transition Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1860742/000119312523039729/0001193125-23-039729-index.htm
- Executive change
  Joseph C. Papa departed as Chief Executive Officer at Bausch & Lomb Corp.
  - Action: stepped down
  - Role: Chief Executive Officer
  source text: Joseph C. Papa will step down from his roles as Chief Executive Officer and member of the board of directors of the Company (the “Board”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1860742/000119312523039729/0001193125-23-039729-index.htm
- Executive change
  Thomas W. Ross, Sr. changed role as Lead Independent Director at Bausch & Lomb Corp.
  - Action: become the Lead Independent Director
  - Role: Lead Independent Director
  source text: Effective upon Mr. Saunders’ appointment as Chair of the Board on the Transition Date, Thomas W. Ross, Sr. will become the Lead Independent Director of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1860742/000119312523039729/0001193125-23-039729-index.htm

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