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Chief executive of eye-care product maker Alcon to retire.
Byline: Maria M. Perotin
Jul. 13--Alcon's chief executive will retire in October and hand the helm to Cary Rayment, the senior vice president who now oversees the eye-care giant's U.S. operations, the company announced Monday.
Rayment, 57, will become the fourth CEO in Alcon's almost six-decade history -- succeeding Tim Sear, a 33-year Alcon veteran who has led the company since 1997.
Alcon also announced that Kevin Buehler, 47, a 20-year Alcon veteran who is vice president over Latin America, Canada and the Far East, will be promoted in October to replace Rayment.
Rayment said Monday that he expects to maintain the company's executive team, continue its focus on research and development, and emphasize growing international markets, including Russia and China.
"This is a global company," he said. "We see great opportunities around the world. So one of the objectives I'm going to have is to make sure we make the right investments."
Rayment will take over one of Tarrant County's largest public companies. Alcon posted sales of $3.4 billion last year for its ophthalmic surgery equipment, prescription drugs and consumer eye-care products.
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