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Starboard-Driven Perrigo Sees CEO Depart After CFO

 
• By Eleanor Malone

Perrigo's CEO John Hendrickson, who was appointed to the post when Joseph Papa left to head Valeant in 2016, is to retire. The company is also looking for a permanent CFO after Judy Brown left in February. The departures follow a board shake-up pushed through by activist investor Starboard Value LP.

Helm
Who will take the helm at Perrigo following Starboard pressure? • Source: Shutterstock

Perrigo Co. PLC is back to searching for a CEO after announcing the retirement of John Hendrickson just 14 months into his tenure. Hendrickson took over as CEO following the departure of Joseph Papa in 2016, but before Starboard Value LP stepped into the frame as an activist investor agitating for change.

Hendrickson's retirement follows the resignation of chief financial officer Judy Brown in February 2017, which was also the month that...

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