Perrigo names new CFO

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Perrigo names new CFO

By Sandra Levy - 03/22/2019
Perrigo soon will have a new CFO. The company announced Friday that Ray Silcock would join as executive vice president and CFO, effective March 25. Ronald Winowiecki has resigned as executive vice president and CFO and will remain with the company through June 30 to assist in a smooth transition, the company said.

Silcock will lead the global finance, tax, internal audit, investor relations, corporate communications, business development and treasury functions. He will report to president and CEO Murray Kessler.

"I have worked with Ray professionally on and off for over 30 years, including as my CFO at UST, where we built great shareholder value. He has deep experience as a public company consumer packaged goods CFO across both branded and private label companies," Kessler said. "His proven track record of stabilizing and then growing companies will be invaluable as we restore the 'Perrigo Advantage.' I look forward to Ray playing a major role, along with the rest of the Perrigo leadership team, in transforming Perrigo and building shareholder value on a long-term and consistent basis."

Silcock joins Perrigo having been CFO of both public and private equity held companies for over 20 years. He has been instrumental in transformations and/or mergers that collectively created billions of dollars in shareholder value at major companies including Diamond Foods, Swift & Co., Cott, and UST.

Most recently, he was CFO at INW Holdings, a contract packer of vitamins, minerals and supplements. He also served on the board of directors of Pinnacle Foods for more than ten years until its sale to Conagra last year. His early career was highlighted by an 18-year tenure in positions of increasing responsibility at Campbell Soup.

Silcock earned an MBA from The Wharton School of the University of Pennsylvania and is a fellow of the Chartered Institute of Cost & Management Accountants. He will be based out of Allegan, Mich.

"The opportunity to once again work alongside Murray is exciting. I am particularly energized by his plans, some already underway, to make Perrigo's new self-care vision a reality. And, I am looking forward to working with the company's talented global leadership team, to set and achieve targets and goals, and to communicate our financial results with thoroughness and transparency," Silcock said.

Kessler also thanked Winowiecki for his time at the company.

"I want to thank Ron for his leadership and significant contributions to Perrigo throughout his ten years with the company," he said. "Ron led Perrigo's global finance organization through many milestones and difficult challenges during his tenure. His efforts are greatly appreciated."