ROCHESTER, New York, May 15, 2013 /PRNewswire/ -- Bausch + Lomb, the global eye health company, today announced that Maria Teresa (Tessa) Hilado has been elected to its board of directors.
Ms. Hilado is currently senior vice president of finance and treasurer of PepsiCo, the $65 billion food and beverage giant. In this capacity, Ms. Hilado has global operating responsibility for PepsiCo's treasury organization, which includes capital markets, cash management, international treasury, pension investments, and insurance, as well as oversight of the company's global procurement finance team. She is also a member of PepsiCo's Capital Expenditures and Commodity Risk Management Committees, and chairs its Pension Investment Committee. Ms. Hilado also sits on the board of Pepsi Bottling Ventures, a joint venture between PepsiCo and Suntory.
"Tessa Hilado is a brilliant finance leader with broad-based experience, in large global health care and consumer products companies," said Fred Hassan, chairman, Bausch + Lomb. "Bausch + Lomb, its customers and shareholders will benefit from Tessa's industry, finance and treasury experience."
Ms. Hilado has over 22 years of finance, treasury and strategic experience in large global public corporations across a variety of industries. Prior to joining PepsiCo in 2009, Hilado was vice president and treasurer at Schering-Plough Corporation from 2008 – 2009 where she had global operating responsibility for the company's treasury organization and served on the Pension Investment Committee. Previously, Hilado spent 17 years at General Motors (GM) Corporation where she held a variety of senior finance roles including assistant treasurer, general manager and chief financial officer, GMAC Commercial Finance. She also held a variety of positions in M&A, labor negotiations, and treasury.
"I am very excited to be part of Bausch + Lomb's continued transformation as they work to grow the business, and realize its vision of becoming the best global eye health company," said Hilado.
Ms. Hilado holds a Bachelor of Science in management engineering from Ateneo de Manila University, Philippines, and a Master of Business Administration from the University of Virginia, Darden Graduate School of Business.
About Bausch + Lomb
Bausch + Lomb is a leading global eye health company that is solely focused on protecting, enhancing, and restoring people's eyesight. Our core businesses include ophthalmic pharmaceuticals, contact lenses and lens care products, and ophthalmic surgical devices and instruments. We globally develop, manufacture and market one of the most comprehensive product portfolios in our industry, which are available in more than 100 countries. Founded in 1853, our company is headquartered in Rochester, NY, and employs more than 11,000 people worldwide.
SOURCE Bausch + Lomb