Jim Cramer: New Valeant CFO is 'Solid'

Valeant's (VRX) new CFO Paul Herendeen is a 'solid' performer and a welcome addition to the beleaguered company, says TheStreet's Jim Cramer. The company announced Monday that Herendeen, an executive at animal healthcare company Zoetis (ZTS) - Get Report , will replace Robert Rosiello effective immediately. The move is the latest of several management changes at the besieged pharmaceutical company. Rosiello will remain at Valeant as executive vice president of corporate development and strategy. Herendeen has been the CFO of Zoetis since 2014.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.