Perrigo launched a search for its next CFO, as the current one plans to retire this summer.
Dublin-based Perrigo (NYSE: PRGO), a provider of consumer self-care products that is building its North American headquarters in downtown Grand Rapids, said last week Ray Silcock, executive vice president and CFO, plans to retire, effective July 15.
The company hired an executive search firm to find Silcock’s successor.
“On behalf of the board of directors and our executive leadership team, I would like to thank Ray for his dedication and contributions over the past three years in helping to transform Perrigo to a consumer self-care company,” said Murray Kessler, president and CEO of Perrigo.
“He has been a great friend, colleague and valued counselor to me personally over the past 30-plus years. We appreciate his leadership and partnership in executing our vision as a focused consumer self-care company and wish him all the best in retirement.”
Silcock said it has been a pleasure to serve the company during his tenure.
“It has been a privilege to work with Perrigo’s devoted and talented team. Having completed Perrigo’s transformation to a pure-play consumer company, now is the right time for me to step aside,” he said. “I am committed to ensuring a smooth transition and look forward to following the continued success of the Perrigo team.”
After his arrival in March 2019, Silcock led the finance organization through many initiatives, including the acquisition and divestiture of nine businesses, strengthening the internal tax department and implementing the first stage of a central finance system.
He joined Perrigo after a 20-year career as CFO of public and private equity held companies. He was instrumental in transformations and/or mergers that collectively created billions of dollars in shareholder value at major companies such as Diamond Foods, Swift & Co, Cott Corporation and UST.