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Staar Surgical

This article was originally published in The Gray Sheet

Executive Summary

David Bailey is appointed President and CEO December 20. Bailey, who formerly served as president of CIBA Vision's surgical business, plans to improve revenue growth by focusing on bundling products, such as toric and collamer IOLs with phacoemulsification technologies. Speaking at a Jan. 3 teleconference, Bailey did not address details of a December lawsuit by investor group NovaStaar which alleges mismanagement by Staar's board. Bailey is the fourth person to occupy the lead management position in the last 12 months. Board chairman Andrew Pollet has led the company as interim CEO and president since October, following the resignation of William Huddleston, who took over from dismissed Chairman, CEO, and President John Wolf in May 2000
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