Staar Surgical CEO to exit as part of deal with top shareholder
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Staar Surgical's CEO Stephen Farrell will resign by the end of January as part of a settlement with its largest shareholder, Broadwood Partners. Farrell and Chair Elizabeth Yu have also left the board. Broadwood's Neal Brasher and Richard LeBuhn will join Staar's board. The company plans to announce a new chair and CEO soon. Earlier, Staar terminated a merger agreement with Alcon after failing to secure enough shareholder votes, with Broadwood opposing Alcon's initial offer, claiming it undervalues Staar.
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