Perrigo CEO announces plans to retire

DUBLIN — Leading store brand manufacturer Perrigo on Monday announced the forthcoming retirement of its CEO John Hendrickson. The board is currently leading a search for his successor, the company announced.

"The board is grateful to John for his 25-plus years of service to the company and we look forward to partnering with him to continue on the outstanding progress of the past year while we work to identify his successor," stated Laurie Brlas, Perrigo chairman. "John has taken meaningful action across all areas of our business: including making significant organizational improvements, from Rx forecasting to implementing our cost optimization plan; enhancing leadership across our organization; focusing our Consumer Healthcare International business and improving margins; and overseeing our strategic portfolio review, including the divestiture of several noncore assets," she said. "This dedication and focus on operational excellence has set Perrigo on a strong trajectory, as evidenced by our positive results in our first quarter."

"My decision to retire this year has not been an easy one, but now is the right time for me to make this change personally and professionally," Hendrickson stated. "I am privileged to have led Perrigo, particularly as we've met the challenges we faced and stabilized the business in a time of transition. I am extraordinarily proud of what we have accomplished since I joined the company in 1989."

Hendrickson will remain with Perrigo until his replacement is appointed, as well as up to 60 days following to ensure a smooth and successful transition.

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