Valeant to pay new CEO Papa base salary of $1.5 mln

April 27, 2016 10:21 PM

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April 27 Drugmaker Valeant Pharmaceuticals International Inc's new chief executive, Joseph Papa, will receive a base salary of $1.5 million, the company said in a filing on Wednesday.

Valeant said on Monday former Perrigo Co Plc head Papa would replace Michael Pearson as its CEO.

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