Perrigo appoints interim CEO after executive resigns over conduct issues

Perrigo Company plc (NYSE: PRGO) appointed Albert A. Manzone as interim president and chief executive officer following the resignation of Patrick Lockwood-Taylor, the company announced June 8.

Lockwood-Taylor resigned as president, CEO and board member after the board determined his personal conduct was inconsistent with the company's code of conduct and core values. The conduct did not involve the company's business, strategy, operations, financial reporting or results of operations, according to the press release.

The Dublin-based consumer self-care products provider has initiated a search process to identify a permanent successor.

Manzone, who has served on Perrigo's board since 2022, brings more than 30 years of global leadership experience across consumer goods, consumer health, luxury and hospitality sectors. He previously served as deputy CEO of Monte-Carlo Société des Bains de Mer and CEO of Whole Earth Brands.

"My priority as interim CEO is continuity: to keep that strategy on course and to support a talented leadership team as we sustain our momentum on value creation," Manzone stated.

Orlando D. Ashford, chair of Perrigo's board, said the board acted decisively and has confidence in Manzone's ability to guide the company through the transition.

Perrigo reaffirmed its full-year 2026 outlook, including all-in net sales growth of negative 5.5% to negative 1.5%, all-in adjusted earnings per share of $2.00 to $2.30, core net sales growth of negative 3.0% to positive 1.0%, and core adjusted earnings per share of $2.25 to $2.55.

The company provides over-the-counter health and wellness solutions and consumer self-care products.

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