Perrigo Company plc (PRGO) has appointed Murray S. Kessler as President, CEO and member of the Board of Directors, effective immediately, replacing Uwe Roehrhoff.
Most recently, Kessler served as the Chairman of the Board of Directors and CEO of Lorillard Tobacco Co. Prior to joining Lorillard, he was Vice Chair of Altria Inc. and President and CEO of UST Inc., a wholly owned subsidiary of Altria since 2009.
The company noted that the appointment of Kessler who has a proven track record for over 30 years in leadership positions among multiple consumer products goods companies is in line with its consumer-focused strategy and commitment to separation of its Prescription Pharmaceuticals (Rx) business.
Newly appointed CEO and President of Perrigo, Murray Kessler, commented, “This is a rare opportunity to drive winning results with a passionate and committed team in a high potential, consumer focused company that holds a leadership position in a broad portfolio of sizeable and recognizable categories. My experience in working with highly regulated consumer products reinforces my belief in this opportunity and it is for these reasons that I have chosen to once again take on the deep commitment of being a public company CEO. I look forward to working with the talented Perrigo leadership team and the Board to put a plan in place that delivers long-term sustainable and reliable growth.”
PRGO closed Monday’s trading at $72.80, up 1.24%.
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