19.03.2007 12:00:00
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Bausch & Lomb Names Efrain Rivera Senior Vice President and Chief Financial Officer, Succeeding Stephen C. McCluski Who Will Retire June 30, 2007
Bausch & Lomb (NYSE:BOL) today announced that Efrain Rivera has been
named senior vice president and chief financial officer, succeeding
Stephen C. McCluski who has announced his plan to retire on June 30.
McCluski will serve as senior vice president-corporate strategy,
responsible for strategic business development activities, until his
retirement.
"We’re very
fortunate to have an executive of Efrain Rivera’s
caliber to succeed Steve in the CFO function,”
said Chairman and CEO Ronald L. Zarrella. "Efrain
has managed successively more responsible positions in business
analysis, investor relations, commercial operations and treasury, and
has demonstrated that he has the experience, perspective and leadership
skills to be an exceptional CFO.”
Rivera, 50, joined Bausch & Lomb in 1989 and has held management and
executive positions in Corporate Treasury, Business Analysis and
Investor Relations. He has served as general manager of Bausch & Lomb
Mexico, vice president-finance for Global Vision Care, and
president-Bausch & Lomb Canada and Latin America. He was elected an
officer of the company in 2002, and has been corporate vice president
and treasurer since 2004. Prior to joining Bausch & Lomb he served as an
attorney in the Civil Division of the U.S. Department of Justice.
Rivera received a B.S. degree from Houghton College, Houghton, N.Y., an
MBA in Finance from the William E. Simon Graduate School of Business at
the University of Rochester, a J.D. degree from New York University, and
an Executive Doctorate in Management from Case Western Reserve
University, Cleveland, Ohio. A member of Beta Gamma Sigma, the national
honor society in business, at both the Masters and Doctoral levels,
Rivera is a Certified Management Accountant®
(CMA), Certified Financial Manager ® (CFM) and
a member of the Institute of Management Accountants.
"Steve McCluski has served Bausch & Lomb with
great distinction during his 19-year career here, 12 of those years as
CFO,” said Zarrella. "The
Board of Directors and I are grateful for his contributions to the
growth and success of our businesses. While I will especially miss his
wise counsel, over the past few years he has developed an outstanding
successor in Efrain Rivera, and that will allow us to manage through
this transition smoothly and efficiently.”
McCluski, 54, has been with Bausch & Lomb since 1988, when he joined the
company as director-financial planning and analysis for the former
Personal Products Division. He served as vice president and controller
for the former Eyewear Division, president of the former Outlook Eyewear
subsidiary and was named corporate vice president and controller in
1994. He has served as Chief Financial Officer since 1995.
Bausch & Lomb is the eye health company, dedicated to perfecting vision
and enhancing life for consumers around the world. Its core businesses
include soft and rigid gas permeable contact lenses and lens care
products, and ophthalmic surgical and pharmaceutical products. The
Bausch & Lomb name is one of the best known and most respected
healthcare brands in the world. Founded in 1853, the Company is
headquartered in Rochester, New York. Bausch & Lomb employs
approximately 13,700 people worldwide and its products are available in
more than 100 countries. More information about the Company is on the
Bausch & Lomb Web site at www.bausch.com.
Copyright Bausch & Lomb Incorporated.
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