Mr. Herendeen joined Valeant from Florham Park, N.J.-based Zoetis, a global animal health company. Under his deal with Valeant, Mr. Herendeen will also get $10 million in cash to compensate him for equity compensation he gave up when he left Zoetis, according to the report.
In 2015, Mr. Herendeen’s pay totaled $630,000 as executive vice president and CFO of Zoetis. He also received a $595,350 bonus last year.
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