Story perspectives

Perrigo Appoints Manzone Interim CEO, Reaffirms 2026 Outlook

6/9/2026

Summary

Story summary

Perrigo appointed Albert A. Manzone interim CEO after Patrick Lockwood-Taylor resigned for conduct violating the Code of Conduct.
The board trusts Manzone’s years of leadership; he said continuity will be his priority.
Perrigo reaffirmed its 2026 outlook, projecting All-In net-sales 5.5%-1.5% with EPS $2.00-$2.30 and Core net-sales 3.0%-+1.0% with EPS $2.25-$2.55.
On March 3 the firm launched an operational enhancement program and a plan to cut 7% of staff.

History

Historical Context

After Enron’s 2001 collapse and the July 30 2002 Sarbanes-Oxley Act—prompted by hearings that exposed $613 million in restated earnings—U.S. firms adopted stricter governance. In 2024 Perrigo followed that legacy, installing interim chief Albert A. Manzone after Patrick Lockwood-Taylor’s departure and announcing a 7% workforce cut as a strategic move while reaffirming its 2026 outlook.

1 of 2

Story summary

Perrigo appointed Albert A. Manzone interim CEO after Patrick Lockwood-Taylor resigned for conduct violating the Code of Conduct.
The board trusts Manzone’s years of leadership; he said continuity will be his priority.
Perrigo reaffirmed its 2026 outlook, projecting All-In net-sales 5.5%-1.5% with EPS $2.00-$2.30 and Core net-sales 3.0%-+1.0% with EPS $2.25-$2.55.
On March 3 the firm launched an operational enhancement program and a plan to cut 7% of staff.

1 / 2