Svend Andersen,
EVP and President Consumer Self-Care International (CSCI), to
Retire
Roberto Khoury,
a Global Branded Consumer Health Veteran, Appointed to Lead the
Business
DUBLIN, May 7, 2024
/PRNewswire/ -- Perrigo Company plc (NYSE: PRGO), a leading
provider of Consumer Self-Care Products, today announced
that Svend Andersen, Executive Vice
President and President, Consumer Self-Care International (CSCI),
intends to retire from the Company in December of this year.
Roberto Khoury, a consumer self-care
veteran with more than 20 years of experience cultivating
successful branded consumer products and pan-European
brands, will be appointed to lead Perrigo's CSCI segment. To
ensure business continuity and a seamless transition, Mr. Andersen
will continue to lead CSCI, working closely with Mr. Khoury, until
August 1, 2024, at which point Mr.
Khoury will assume the role of Executive Vice President and
President of CSCI, and Mr. Andersen will step down to serve in an
advisory role until his retirement, which is expected on
December 31, 2024.
Prior to joining Perrigo, Mr. Khoury was responsible for running
a $1.4 billion consumer products
business at Kenvue (formerly a part of Johnson & Johnson) as
Senior Vice President and General Manager of their skin care
portfolio, including brand leadership responsibilities for
Neutrogena®, Neostrata®, Clean and
Clear®, and Rogaine®. Prior to this role,
Khoury led Kenvue's consumer brands in Europe. Before his time at Kenvue, Mr. Khoury
spent 13 years at L'Oréal, where he held several leadership roles
in the consumer space that included stints in growing pan-European
line extensions of leading brands.
"I am thrilled to join Perrigo and contribute to the Company's
increasing success in the self-care industry," said Mr. Khoury.
"Perrigo has a strong reputation for delivering high-quality
consumer products, and I am excited to work with the talented team,
especially Svend, to further strengthen the Company's well-known
European brand presence. Together, we will continue to provide
innovative solutions that improve the health and well-being of
consumers around the world."
During his seven-year tenure, Mr. Andersen played a pivotal role
in the success of the CSCI business, focusing the portfolio by
significantly reducing the number of SKUs, concentrating business
efforts on innovation and brand extensions, and making significant
contributions to Perrigo's overall growth and development. His
leadership, brand management and overall commitment have CSCI
well-positioned for continued success.
"I feel very privileged to have led such a diverse, talented and
passionate team, which I am truly going to miss. It has been an
incredible journey with Perrigo, and I am immensely proud of what
we have accomplished together," commented Mr. Andersen. "I have
full confidence that Roberto is the right leader to advance the
success of CSCI and all of Perrigo, and I wish him and the team the
very best for the future."
Perrigo President and Chief Executive Officer Patrick Lockwood-Taylor commented, "On behalf of
the Board of Directors, the management team and the more than 9,000
Perrigo colleagues worldwide, I want to express our gratitude to
Svend for his invaluable contributions and dedication to the growth
and success of the organization. His leadership and commitment have
helped position CSCI and Perrigo as a global leader in self-care
and I congratulate him on his well-earned retirement."
Lockwood-Taylor concluded, "We are delighted to welcome Roberto
to Perrigo, and I am confident that his fresh perspectives and deep
consumer insights will focus the CSCI business on scale brands,
while delighting consumers with winning innovation. We are also
thrilled to have him as part of the leadership team as we continue
on our journey to consumerize, simplify and scale One Perrigo."
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
This press release includes certain "forward-looking statements"
within the meaning of the Private Litigation Securities Reform Act
of 1995, as amended. Forward-looking statements relate to future
events and involve known and unknown risks, uncertainties and other
factors—many of which beyond the Company's control—that may cause
the actual results, performance or achievements of the Company to
be materially different from its current expectations, assumptions,
estimates and projections. Interested persons are urged to consult
the Company's filings with the United States Securities and
Exchange Commission, available at
https://investor.perrigo.com/sec-filings, for a discussion of the
Company's business and financial condition and certain material
trends, risks, uncertainties and other factors relating thereto,
including those discussed under "Risk Factors" in the Company's
Form 10-K for the year ended December 31,
2023.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/perrigo-announces-executive-transition-for-its-consumer-self-care-international-csci-business-302138020.html
SOURCE Perrigo Company plc