Valeant Pharmaceuticals International Inc. is preparing to namePaul Herendeen, an executive at veterinary drugmaker Zoetis Inc.,as its new chief financial officer, according to people familiarwith the matter.

The announcement will mark the latest management change at theembattled drugmaker, which replaced CEO Michael Pearson earlierthis year. Herendeen has been working as CFO at Zoetis since September 2014.Before that, he was CFO of specialty drugmaker Warner Chilcott Plc,according to Zoetis's website.

He replaces Robert Rosiello, who will remain at Valeant in anexecutive role involving corporate development and strategy,according to the people who spoke on condition of anonymity becausethe matter was still private. At Zoetis, Herendeen will be replacedby Glenn David, the company's senior vice president of financeoperations.

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