Valeant Names Tyco Executive Sam Eldessouky As Corporate Controller

By Ciara LinnaneMarketsMarketWatch Pulse

Valeant Pharmaceuticals International Inc. said Thursday it has appointed Sam Eldessouky as senior vice president and corporate controller. Eldessouky was most recently chief accounting officer and controller at Tyco International Plc . Eldessouky has also done stints at PricewaterhouseCoopers. Valeant shares were down 2.7% in premarket trade, and have lost 73% of their value in the year so far, amid an accounting and drug pricing scandal. The S&P 500 has gained 2.3% in the same time period.

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