Valeant Pharmaceuticals International Inc CEO’s return time from medical leave uncertain, family tells drugmaker – FINANCIAL NEWS-ecozik.com
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Valeant Pharmaceuticals International Inc CEO’s return time from medical leave uncertain, family tells drugmaker

Valeant Pharmaceuticals International CEO Michael Pearson held an earnings conference call Tuesday that delivered more 'worrisome' news to investors.

MONTREAL – The health condition of Valeant CEO Michael Pearson remained under wraps because the company’s interim CEO, Howard Schiller, gave his first public presentation as boss during the JPMorgan Healthcare conference in Bay area.

“(Pearson’s) family informed the board the timetable for his return was uncertain, and that’s once the board chose to name an interim CEO,” said Schiller, a former Valeant chief financial officer who took around the interim CEO position last week after Pearson contracted severe pneumonia late December. 

“While it certainly wasn’t the script or the circumstances I would ever want to return to Valeant, given the way i experience Mike, the company, its prospects and also the people, it was a simple decision.”

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