Perrigo Names Albert Manzone Interim CEO, Holds 5.5%–1.5% Sales Decline Outlook
PRGO•Perrigo’s board has appointed longtime director Albert A. Manzone as interim CEO following the resignation of Patrick Lockwood-Taylor for personal conduct violations unrelated to operations. The company reaffirmed its full-year 2026 guidance, projecting All In net sales decline of 5.5%–1.5% and adjusted EPS of $2.00–$2.30.
1. Interim CEO Appointment
Perrigo’s Board of Directors has appointed Albert A. Manzone, a member of the board since 2022, as interim President and CEO effective immediately. Manzone brings over 30 years of global leadership experience in consumer goods and health, with a track record of driving operational performance and value creation.
2. CEO Resignation
Patrick Lockwood-Taylor resigned as President, CEO and board member after the board determined certain personal conduct violated the company’s Code of Conduct. The board emphasized that the conduct did not involve Perrigo’s business operations, strategy, financial reporting or results.
3. Outlook Reaffirmed
Perrigo reaffirmed its full-year 2026 outlook: All In net sales growth of -5.5% to -1.5%, All In adjusted EPS of $2.00 to $2.30, Core net sales growth of -3.0% to +1.0%, and Core adjusted EPS of $2.25 to $2.55. A search for a permanent CEO is underway while maintaining the current strategic plan.
