Perrigo CEO Seated On Board
ALLEGAN — Perrigo Co. announced today that President and CEO Joseph C. Papa has been appointed chairman of its board of directors.
Former Chairman David T. Gibbons said Papa has done an “excellent” job during a year of transition for Perrigo.
“He has demonstrated excellent leadership at both the management and board levels,” Gibbons said of Papa. “His focus on quality, customer service, new products, cost control and continued people development has significantly contributed to our growth this past year.”
The company also announced today a quarterly dividend of 5 cents per share, payable on Dec. 18 to shareholders of record on Nov. 23. The 5-cent dividend represents an 11 percent increase over the $0.045 cents per share paid in the last four quarters.