Perrigo (PRGO) Announces Management Changes
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SELL (= Flat)
Dividend Yield: 7.4%
Revenue Growth %: -3.8%
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Perrigo Company plc (NYSE: PRGO), a leading provider of Consumer Self-Care products, today made two announcements regarding the planned succession of its executive leadership team. Mr. Eduardo Bezerra has been named Executive Vice President and Chief Financial Officer, effective May 16, 2022, succeeding Mr. Ray Silcock, who previously announced his intent to retire. Mr. Silcock will serve in an advisory capacity until his retirement on July 15, 2022. The Company also announced the planned retirement of Mr. Todd Kingma, Executive Vice President, General Counsel and Corporate Secretary. Ms. Kyle Hanson has been named Executive Vice President, General Counsel and Corporate Secretary effective June 1, 2022, at which point Mr. Kingma will serve in an advisory capacity until his retirement on August 31, 2022.
Perrigo President and CEO, Murray S. Kessler commented, "The appointments of Kyle and Eduardo are a key part of the next phase of Perrigo's consumer self-care strategy. They represent the next generation of Perrigo leaders who will help 'Optimize and Accelerate' the newly transformed organization. They both have the passion and experience that embody 'The Perrigo Advantage', and I am confident that their diverse perspectives and deep experience will contribute to Perrigo's success. By focusing on our supply chain reinvention, successfully integrating HRA Pharma, growing gross margins, driving innovation and continually improving our organization and culture, the path ahead for Perrigo is clear, and we have the leadership to make it happen."
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