BUZZ-Perrigo CEO dismissed over personal conduct, shares fall

Perrigo Co. Plc

Perrigo Co. Plc

PRGO

0.00

** 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