05:13 PM EDT, 08/18/2025 (MT Newswires) -- Bausch + Lomb ( BLCO ) , a global eye-health company, after trade Monday said both Brett Icahn and Gary Hu have resigned from its board of directors.

A statement noted this comes after Icahn group's net long position in the shares of Bausch + Lomb's ( BLCO ) parent company, Bausch Health Companies ( BHC ) , BHC, had fallen below the required threshold. "I appreciate Brett and Gary's valuable contributions to the company over the past three years, and wish them well going forward," said Brent Saunders, Bausch + Lomb ( BLCO )' chief executive and board chair.

Bausch Health ( BHC ) on Friday afternoon said Paulson Capital and its affiliated funds increased their ownership in the company by acquiring about 34.7-million shares previously held by Carl Icahn and his group. As a result of the Icahn Group's reduced stake, its 2021 agreement with Bausch Health ( BHC ) regarding board appointments has ended. Following this, Brett Icahn and Steven Miller resigned from the company's board.

Bausch + Lomb ( BLCO ) shares closed up $0.02 to $20.09 on the Toronto Stock Exchange.