Perrigo CEO Takes Faith In Rx Generics Business To Exit Door With Him

Private label OTC business is likely to be strengthened as Perrigo’s core, as CEO Hendrickson announces retirement shortly after hedge fund investor Starboard Value, pushing to divest the Rx business, built a five-seat block on Perrigo's board.

Outgoing Perrigo Co. PLC CEO John Hendrickson continued to express confidence that the company should stay in the Rx generic topical business, even though that view likely influenced his pending exit after little more than a year leading the OTC private label giant.

His departure is one more step making it more likely that Perrigo will divest the Rx unit and focus more

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