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Perrigo CEO to retire

Perrigo Co. PLC CEO John Hendrickson is set to retire, and a search committee has been created by the board to find his replacement.

Hendrickson will remain with the company until his replacement is appointed, as well as up to 60 days after to facilitate the transition.

Hendrickson will continue to stand for election to Perrigo's board at the annual general meeting July 20 and will step down from the board upon the appointment of a new CEO.