Perrigo Announces CEO Retirement, Succession Plan

Perrigo a provider of consumer self-care products, reported that Murray Kessler intends to retire as President and CEO, effective date of July 31, 2023.

In a statement, the company said that Kessler will be working with the board of directors to secure his successor and to ensure a smooth transition.

“After 18 years as a public company CEO, I have decided that this is the right time for me to retire,” said, Kessler. “I joined Perrigo almost five years ago to lead the transformation of the Company from a healthcare to a consumer self-care company. Leading that transformation has been one of the most exciting assignments of my career.”

Kessler added” “All of the pieces are now in place. Perrigo is growing its top line, its margins, and its bottom line. It has a strong plan in place to reduce leverage, it has amazingly talented employees and it has a clear plan to deliver strong growth going forward. This is exactly the right time to hand over the reins of Perrigo to the next leader who can relentlessly drive the execution of our strategic plan for years to come. I truly believe that Perrigo is set up for a bright future and to create tremendous value for investors.”   

Orlando Ashford, chairman of the board said, “On behalf of the Board and the nearly 10,000 Perrigo employees around the world, I would like to thank Murray for his vision and dedication during his tenure as CEO. As a steadfast and strategic leader, Murray orchestrated the transformation of the company into the diversified consumer self-care organization it is today. In addition, Murray has driven the company’s inorganic growth strategy, including transformative acquisitions and divestitures as well as dramatically reducing uncertainty for the company. The board is sincerely grateful to Murray for his dedication to Perrigo and wishes him the best in his retirement.”