Watson nets Barr exec as CEO
Executive Summary
Barr President and Chief Operating Officer Paul Bisaro will succeed longtime Watson CEO and founder Allen Chao, effective Sept. 4. Bisaro has worked for Barr since 1992, and became president and COO in 2006. Among his more recent accomplishments is helping guide the acquisition of Pliva, which closed in October 2006 (1"The Pink Sheet" Oct. 30, 2006, In Brief). Barr CEO Bruce Downey will now take over Bisaro's responsibilities on an interim basis, according to Barr, which maintains there is no "urgency" in naming a replacement. Barr also will need to re-evaluate its succession plan, as Bisaro was widely viewed as the choice to take over when Downey retires...