Perrigo CEO dismissed over personal conduct, shares fall

Perrigo

09/06/2026 13:03

** Self-care pharmaceuticals maker Perrigo's PRGO.N shares down 1.8% in premarket trading on Tues to $11.40 after CEO's sudden resignation over personal conduct
** Ireland-based PRGO said late Mon its board determined that certain personal conduct by CEO Patrick Lockwood-Taylor wasn't consistent with co's code of conduct and core values
** The conduct didn't involve its operations or financials, PRGO said
** Lockwood-Taylor, also PRGO's president, resigned from the board, effective immediately; Albert Manzone, a board director, appointed interim president and CEO
** "Perrigo's core values are foundational to how we operate, and the Board expects all colleagues – especially our senior leaders – to uphold those standards at all times," board chair Orlando Ashford said
** PRGO reaffirmed 2026 outlook it provided in May
** Through Mon close, PRGO stock down ~17% YTD and ~56% over the past 12 months

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))