Valeant to be led by group of executives while CEO fights pneumonia

© Reuters. Michael Pearson, chairman of the board and chief executive officer of Valeant Pharmaceuticals International Inc, speaks during their AGM in Laval Quebec

By Ransdell Pierson and Natalie Grover

(Reuters) – Valeant Pharmaceuticals International Inc (N:) on Monday said a group of company executives will immediately take over for its chief executive officer until he returns from medical leave, sending shares tumbling 10 percent.

The Canadian company said CEO Michael…

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Valeant to be led by group of executives while CEO fights pneumonia