Jeffrey Smith resigns from Perrigo board of directors

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Jeffrey Smith resigns from Perrigo board of directors

By Sandra Levy - 08/13/2019
Perrigo has announced that Jeffrey Smith, managing member, CEO and chief investment officer of Starboard Value, who has been a director since 2017, has resigned from Perrigo's board of directors effective Aug. 7.

"It is with mixed emotions that I leave the board of directors of Perrigo. I feel able to step down and focus on other opportunities precisely because the board and management team are strongly aligned with a clear vision to create value for Perrigo shareholders," said Smith."We are fortunate to have recruited a world-class leader in Murray Kessler who has quickly assembled an outstanding management team and repositioned Perrigo as a leading self-care company with numerous opportunities for growth and improved efficiency. It has been a pleasure working with Perrigo's outstanding board members and our extremely capable management team, and I am fully confident that Murray's leadership and execution will lead to future success for Perrigo."

"On behalf of the board of directors, I want to thank Jeff for his significant and valuable contributions putting Perrigo back on track strategically. There can be no doubt that Perrigo is a better company with a bright future because of his involvement. Finally, I appreciate Jeff's confidence in the board and me to execute on the strong strategy that is now in place for the company to transform Perrigo from a healthcare to a consumer self-care company,” said Perrigo CEO and president Murray Kessler.

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