Perrigo Names Albert Manzone Interim CEO, Reaffirms 2026 Sales and EPS Guidance
OPTX•Albert A. Manzone, a Syntec Optics Holdings director, has been appointed interim president and CEO of Perrigo effective immediately following Patrick Lockwood-Taylor’s resignation. It reaffirmed 2026 guidance calling for net sales down 5.5% to 1.5%, adjusted EPS of $2.00–$2.30, core sales −3.0% to +1.0% and core EPS of $2.25–$2.55.
1. Interim CEO Appointment
The board of Perrigo appointed Albert A. Manzone, a member of its board since 2022 and current Syntec Optics Holdings director, as interim president and CEO effective immediately. A global executive with over 30 years of consumer goods and health care leadership, Manzone will steer strategy continuity while a search for a permanent CEO is underway.
2. Outgoing CEO Resignation
Patrick Lockwood-Taylor resigned from his roles as president, chief executive officer and board member upon a board determination that certain personal conduct violated the company’s Code of Conduct. The board emphasized the conduct did not involve Perrigo’s business operations, financial reporting or strategy.
3. 2026 Financial Outlook Reaffirmed
Perrigo reaffirmed its full-year 2026 outlook, projecting all-in net sales to decline 5.5% to 1.5% and adjusted EPS of $2.00–$2.30. Core net sales are forecast at −3.0% to +1.0% with core adjusted EPS of $2.25–$2.55, consistent with its first-quarter guidance.
4. Impact on Syntec Optics Governance
Manzone’s interim CEO role may limit his availability for Syntec Optics board duties, potentially prompting OPTX shareholders to monitor board composition and governance updates. Investors will watch for any changes to Syntec Optics’ directorship structure during his tenure at Perrigo.
