Perrigo Appoints Industry Veteran, Charles Atkinson, as Executive Vice President, General Counsel and Secretary

Rhea-AI Summary

Perrigo Company plc (NYSE: PRGO), a global leader in Consumer Self-Care Products, has appointed Charles Atkinson as Executive Vice President, General Counsel and Secretary. Atkinson, with nearly 25 years of experience in the regulated consumer self-care industry, joins Perrigo from Haleon plc, where he served as Interim General Counsel. His expertise includes advising on transactions, integrations, and managing regulated healthcare product lifecycles.

CEO Patrick Lockwood-Taylor expressed confidence in Atkinson's ability to advance Perrigo's vision. Atkinson will replace Todd Kingma, who came out of retirement to serve as Interim EVP, General Counsel & Secretary. Kingma will assist in the transition before resuming his retirement.

Positive

• Appointment of experienced industry veteran Charles Atkinson as EVP, General Counsel and Secretary
• Atkinson's extensive background in consumer self-care industry and global regulatory landscapes
• Potential for strategic insights and intellectual property expertise to benefit Perrigo's business

Negative

• None.

News Market Reaction

-0.28%

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-0.28% News Effect

On the day this news was published, PRGO declined 0.28%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Atkinson joins Perrigo from Haleon plc, where he previously served as Interim General Counsel

DUBLIN, Sept. 4, 2024 /PRNewswire/ -- Perrigo Company plc (NYSE: PRGO), a leading global provider of Consumer Self-Care Products, today announced the appointment of Charles Atkinson as Executive Vice President, General Counsel and Secretary. He is a skilled lawyer with nearly 25 years of experience, mostly within the regulated consumer self-care industry.

President and CEO Patrick Lockwood-Taylor commented, "I am very excited to welcome Charles to the Perrigo leadership team. His strategic insights, deep understanding of global regulatory landscapes and intellectual property background will be instrumental as we continue to consumerize our business. I am confident that Charles will play a vital role in advancing our One Perrigo vision as we continue to provide trusted self-care products to consumers around the world."

Mr. Atkinson joins Perrigo after a successful career at Haleon plc and its prior parent, GSK plc, most recently serving as Interim General Counsel for Haleon. During his 20-plus year combined tenure at Haleon/GSK, Mr. Atkinson successfully advised across numerous transactions and integrations, including the creation of Haleon and subsequent separation from its parent shareholders GSK and Pfizer. He has also served as global head of corporate legal and was lead counsel for various parts of the self-care business, including supply chain, R&D and innovation, business development, and intellectual property. This included managing the lifecycle of regulated healthcare products, advising GSK's largest self-care business and providing counsel for product development, including leading the switch for Flonase^® to over-the-counter status. He obtained his law degree from University College London.

"I am thrilled to join Perrigo at such an exciting time," said Atkinson. "Together with the talented team, I am confident that we will further elevate the Company's position as a leader in the consumer self-care industry. I look forward to working closely with the entire Perrigo team to deliver value to our stakeholders."

Todd Kingma, who came out of retirement to serve as Interim Executive Vice President, General Counsel & Secretary, will work with Mr. Atkinson through a transitionary period. Mr. Kingma's intimate knowledge of Perrigo and its global team will allow for a highly seamless transition.

Lockwood-Taylor commented, "We greatly appreciate Todd for his willingness to step in and provide leadership continuity as well as steady guidance on all legal matters. We wish him all the best as he resumes his retirement."

About Perrigo 

Perrigo Company plc (NYSE: PRGO) is a leading provider of Consumer Self-Care Products and over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to proactively prevent or treat conditions that can be self-managed. Visit Perrigo online at www.perrigo.com. 

Forward-Looking Statements

Certain statements in this press release are "forward-looking statements." These statements relate to future events or the Company's future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Company or its industry to be materially different from those expressed or implied by any forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "could," "would," "should," "expect," "forecast," "plan," "anticipate," "intend," "believe," "estimate," "predict," "potential" or the negative of those terms or other comparable terminology. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company's control, including: supply chain impacts on the Company's business, including those caused or exacerbated by armed conflict, trade and other economic sanctions and/or disease; general economic, credit, and market conditions; the impact of the war in Ukraine and any escalation thereof, including the effects of economic and political sanctions imposed by the United States, United Kingdom, European Union, and other countries related thereto; the outbreak or escalation of conflict in other regions where we do business; current and future impairment charges, including those related to the sale of the Héra SAS ("HRA Pharma") Rare Diseases Business, if we determine that the carrying amount of specific assets may not be recoverable from the expected future cash flows of such assets; customer acceptance of new products; competition from other industry participants, some of whom have greater marketing resources or larger market shares in certain product categories than the Company does; pricing pressures from customers and consumers; resolution of uncertain tax positions and any litigation relating thereto, ongoing or future government investigations and regulatory initiatives; uncertainty regarding the Company's ability to obtain and maintain its regulatory approvals; potential costs and reputational impact of product recalls or sales halts; potential adverse changes to U.S. and foreign tax, healthcare and other government policy; the effect of epidemic or pandemic disease; the timing, amount and cost of any share repurchases (or the absence thereof) and/or any refinancing of outstanding debt at or prior to maturity; fluctuations in currency exchange rates and interest rates; the Company's ability to achieve benefits expected from its sale of the HRA Rare Diseases Business, including potential earnout payments, and the risk that potential costs or liabilities incurred or retained in connection with that transaction may exceed the Company's estimates or adversely affect the Company's business or operations; and the risk that potential costs or liabilities incurred or retained in connection with the sale of the Company's RX business transaction may exceed the Company's estimates or adversely affect the Company's business or operations; the Company's ability to achieve the benefits expected from the acquisitions of HRA Pharma and Nestlé's Gateway infant formula plant along with the U.S. and Canadian rights to the GoodStart® infant formula brand and other related formula brands ("Gateway") and/or the risks that the Company's synergy estimates are inaccurate or that the Company faces higher than anticipated integration or other costs in connection with the acquisitions; risks associated with the integration of HRA Pharma and Gateway, including the risk that growth rates are adversely affected by any delay in the integration of sales and distribution networks; the consummation and success of other announced and unannounced acquisitions or dispositions, and the Company's ability to realize the desired benefits thereof; and the Company's ability to execute and achieve the desired benefits of announced cost-reduction efforts and other strategic initiatives and investments, including the Company's ability to achieve the expected benefits from its ongoing restructuring programs described herein. Adverse results with respect to pending litigation could have a material adverse impact on the Company's operating results, cash flows and liquidity, and could ultimately require the use of corporate assets to pay damages, reducing assets that would otherwise be available for other corporate purposes. These and other important factors, including those discussed under "Risk Factors" in the Company's Form 10-K for the year ended December 31, 2023, as well as the Company's subsequent filings with the United States Securities and Exchange Commission, may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. The forward-looking statements in this press release are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Perrigo Contact

Bradley Joseph, Vice President, Global Investor Relations & Corporate Communications, (269) 686-3373 / bradley.joseph@perrigo.com

Nicholas Gallagher, Senior Manager, Global Investor Relations & Corporate Communications, (269) 686-3238 / nicholas.gallagher@perrigo.com

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SOURCE Perrigo Company plc

FAQ

Who is Charles Atkinson and what is his new role at Perrigo (PRGO)?

Charles Atkinson is an industry veteran with nearly 25 years of experience who has been appointed as Executive Vice President, General Counsel and Secretary at Perrigo Company plc (NYSE: PRGO).

What was Charles Atkinson's previous position before joining Perrigo (PRGO)?

Before joining Perrigo, Charles Atkinson served as Interim General Counsel at Haleon plc and had a 20-plus year combined tenure at Haleon/GSK.

How does Perrigo (PRGO) expect Charles Atkinson to contribute to the company?

Perrigo expects Charles Atkinson to provide strategic insights, deep understanding of global regulatory landscapes, and intellectual property expertise to help advance the company's One Perrigo vision and consumerize its business.

Who is Charles Atkinson replacing at Perrigo (PRGO)?

Charles Atkinson is replacing Todd Kingma, who came out of retirement to serve as Interim Executive Vice President, General Counsel & Secretary at Perrigo.