HEALTH

Bausch & Lomb Inc. CEO to Retire: The optical and health products company said longtime Chairman and Chief Executive Daniel E. Gill, 59, will retire at year’s end. A successor was not immediately named. William H. Waltrip, an outside director of the Rochester, N.Y.-based company, will be interim chairman and CEO. In New York Stock Exchange trading, the firm’s shares jumped $2.625 to $39.75 on the news. Gill said he had originally intended to retire in 1993 but decided to stay on when his chief operating officer announced his retirement at that time. The announcement comes a week after a meeting with Wall Street analysts and investors that appeared aimed at quashing shareholder concerns about Gill’s leadership abilities. The company has suffered a 91% drop in profit in 1994 and a disappointing performance this year.