Perrigo have announced that CEO John Hendrickson is retiring and a search committee has been created and will begin finding a replacement. Hendrickson will remain with the company until his replacement is appointed, as well as up to 60 days following to aid in the transition.
Hendrickson has been with Perrigo since 1989, but only became CEO last April after the then-CEO Joseph Papa left to join Valeant. Hendrickson's retirement comes hot on the heels of CFO Judy Brown stepping down in February.
"My decision to retire this year has not been an easy one, but now is the right time for me to make this change personally and professionally," said Hendrickson in a statement. "I am privileged to have led Perrigo, particularly as we've met the challenges we faced and stabilized the business in a time of transition."
Read the Perrigo release