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Alcon chief executive to leave while on top.
Byline: Roger Yu
Jul. 29--Tim Sear represents a rare breed in the corporate world -- a chief executive of a billion-dollar company who's leaving on his own terms at the top of his game.
Having spent 34 years at Alcon Inc., the courtly 67-year-old Englishman will retire this fall, just as the Swiss maker of eye-care products appears to be hitting on all cylinders.
Stepping in to ensure the momentum is his replacement, Cary Rayment, a former U.S. Army first lieutenant who rose steadily at the company in sales and marketing.
Mr. Rayment, head of Alcon's Fort Worth-based U.S. operations, acknowledges he has a tough act to follow.
"Alcon is in a good position," Mr. Rayment said in an interview. "I have big shoes to fill... I want to ensure that we continue to build on our leading position in the eye-care arena."
Under Mr. Sear's guidance, Alcon was transformed from a quiet subsidiary of Switzerland's Nestle SA into a publicly traded New York Stock Exchange company whose stock is now near its all-time high.
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