Perrigo Picks Former Bayer Executive As New CEO

Perrigo Co PLC PRGO disclosed the appointment of Patrick Lockwood-Taylor as its new President, CEO and member of the Board of Directors, effective June 30, 2023.

Before joining Perrigo, Lockwood-Taylor served dual roles at Bayer A.G.BAYRY as President of the U.S. business and Regional President of Consumer Health North America.

"Patrick is a proven winner with a deep knowledge of the consumer self-care industry who promotes a performance driven and inclusive culture centered around innovation, creates industry leading in-house digital marketing and e-commerce capabilities, fosters Rx-to-OTC switches, and transforms customer partnerships through mutual business development, said Orlando D. Ashford, Chairman of the Board of Directors.

Pre-IPO Offer: Get A Piece Of A Nearly $5T Global Opportunity By Joining BOXABL As An Early Shareholder At Just $0.80/Share

Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.

Share Price: $0.80

Min. Investment: $1,000

Valuation: $3.5B

Last month, Murray S. Kessler announced his intention to retire as President & CEO, effective July 31, 2023.

Also, the company reported Q1 FY23 sales of $1.18 billion, marginally beating the consensus of $1.17 billion, and adjusted EPS of $0.45, exceeding the consensus of $0.42.

Price Action: PRGO shares are trading lower by 0.58% at $33.53 on the last check Thursday.

PRGOPerrigo Co PLC

$27.37-0.83%