Perrigo reinstates executive severance policy for transition period around CEO succession

PERRIGO Co plc

Policy reinstated effective June 29, 2026, covering executive officers except interim CEO and successor CEO.
Qualifying termination during transition period (June 7, 2026 to 12 months after new CEO starts) entitles 1.5x base salary + target bonus over 18 months.
Also includes COBRA premium payments, pro rata bonus based on actual performance, and career transition assistance.
Benefits subject to release of claims, confidentiality, non-compete, non-solicitation, and non-disparagement.
Policy terminates at end of transition period; signals CEO Patrick Lockwood-Taylor's succession is imminent.

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