Perrigo prepares for leadership transition as CEO announces retirement

Perrigo has announced that its chief executive officer (CEO) John Hendrickson will be retiring from the company.

Mr Hendrickson, who has been with Perrigo since 1989, will remain in his current role until a successor has been appointed, plus an additional 60 days after this point to ensure a smooth and successful transition.

He will continue to stand for election to the board of directors at the company's annual general meeting on July 20th, stepping down upon the appointment of a new CEO.

The board has confirmed that a dedicated search committee has been created to conduct a thorough recruitment process to identify Mr Hendrickson's replacement, with an executive search firm to be retained to support these efforts.

Laurie Brlas, chairman of Perrigo's board of directors, said: "The board and I have no doubt about the strength of Perrigo's business and that we will carry this momentum forward over the next few months of John's leadership and beyond under a new executive."

During his tenure, Mr Hendrickson has been credited with making significant organisational improvements, enhancing the company's leadership, focusing its strategy and setting the firm on a strong trajectory.

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