ALLEGAN, Mich., Oct. 31 /PRNewswire-FirstCall/ -- Perrigo Company
(Nasdaq: PRGO; TASE) today announced that its Board of Directors appointed
President and Chief Executive Officer, Joseph C. Papa, to be Chairman of
its Board of Directors. Mr. Papa joined the Company in October of 2006.
Former Perrigo Chairman of the Board of Directors, David T. Gibbons
stated, "Joe has done an excellent job during a year of transition for
Perrigo. He has demonstrated excellent leadership at both the management
and Board levels. His focus on quality, customer service, new products,
cost control and continued people development has significantly contributed
to our growth this past year. Our entire board looks forward to his
leadership." Mr. Gibbons will remain on the Board of Directors.
Mr. Papa added, "On behalf of the Board of Directors, the employees,
and the shareholders of Perrigo, I want to thank Dave for his outstanding
service as Chairman of the Board of Directors over the past 7 years. During
his time as Chairman, President and CEO, he transformed Perrigo into a
truly global company and returned over 300% to shareholders. I look forward
to his continued counsel."
Gary K. Kunkle, Jr., a director since 2002, continues to serve as lead
independent director. Mr. Kunkle is the retired Chairman and Chief
Executive Officer of DENTSPLY International, Inc.
Perrigo Company is a leading global healthcare supplier that develops,
manufactures and distributes over-the-counter (OTC) and prescription
pharmaceuticals, nutritional products, active pharmaceutical ingredients
(API) and consumer products. The Company is the world's largest
manufacturer of OTC pharmaceutical products for the store brand market. The
Company's primary markets and locations of manufacturing facilities are the
United States, Israel, Mexico and the United Kingdom. Visit Perrigo on the
Internet (http://www.perrigo.com).
Note: Certain statements in this press release are forward-looking
statements within the meaning of Section 21E of the Securities Exchange Act
of 1934, as amended, and are subject to the safe harbor created thereby.
These statements relate to future events or the Company's future financial
performance and involve known and unknown risks, uncertainties and other
factors that may cause the actual results, levels of activity, performance
or achievements of the Company or its industry to be materially different
from those expressed or implied by any forward-looking statements. In some
cases, forward-looking statements can be identified by terminology such as
"may," "will," "could," "would," "should," "expect," "plan," "anticipate,"
"intend," "believe," "estimate," "predict," "potential" or other comparable
terminology. The Company has based these forward-looking statements on its
current expectations, assumptions, estimates and projections. While the
Company believes these expectations, assumptions, estimates and projections
are reasonable, such forward-looking statements are only predictions and
involve known and unknown risks and uncertainties, many of which are beyond
the Company's control. These and other important factors, including those
discussed under "Risk Factors" in the Company's Form 10-K for the year
ended June 30, 2007, as well as the Company's subsequent filings with the
Securities and Exchange Commission, may cause actual results, performance
or achievements to differ materially from those expressed or implied by
these forward-looking statements. The forward-looking statements in this
press release are made only as of the date hereof, and unless otherwise
required by applicable securities laws, the Company disclaims any intention
or obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
SOURCE Perrigo Company
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Related links:
http://www.perrigo.com/
CONTACT:
Arthur J. Shannon, Vice President of Investor
Relations and Communication, +1-269-686-1709,
ajshannon@perrigo.com, or Ernest J. Schenk, Manager, Investor
Relations and Communication, +1-269-673-9212 eschenk@perrigo.com,
both of Perrigo Company
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