Joe Papa makes management changes to add 'top talent' to Valeant

9 August 2016

A series of changes to the executive management team have been announced by Canada-based Valeant Pharmaceuticals International (TSX: VRX) and its new chief executive Joe Papa.

Mr Papa was named the company’s new boss in April after a nightmare-ish year for Valeant which saw it investigated by the US Senate over alleged unfair drug price rises and led to its share price plummeting by more than 70%.

Replacing the outgoing Michael Pearson, Mr Papa promised a new start for the company, and he has now made some major changes to its management structure and personnel, it was announced on Monday.

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