PHARMACY

Jeffrey Smith resigns from Perrigo board of directors

BY Sandra Levy

Perrigo has announced that Jeffrey Smith, managing member, CEO and chief investment officer of Starboard Value, who has been a director since 2017, has resigned from Perrigo’s board of directors effective Aug. 7.

“It is with mixed emotions that I leave the board of directors of Perrigo. I feel able to step down and focus on other opportunities precisely because the board and management team are strongly aligned with a clear vision to create value for Perrigo shareholders,” said Smith.”We are fortunate to have recruited a world-class leader in Murray Kessler who has quickly assembled an outstanding management team and repositioned Perrigo as a leading self-care company with numerous opportunities for growth and improved efficiency. It has been a pleasure working with Perrigo’s outstanding board members and our extremely capable management team, and I am fully confident that Murray’s leadership and execution will lead to future success for Perrigo.”

“On behalf of the board of directors, I want to thank Jeff for his significant and valuable contributions putting Perrigo back on track strategically. There can be no doubt that Perrigo is a better company with a bright future because of his involvement. Finally, I appreciate Jeff’s confidence in the board and me to execute on the strong strategy that is now in place for the company to transform Perrigo from a healthcare to a consumer self-care company,” said Perrigo CEO and president Murray Kessler.

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