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Perrigo CEO to retire
DUBLIN — Perrigo is looking for a new CEO. The company announced Monday that it had launched a search ahead of current CEO John Hendrickson’s retirement.
Hendrickson currently is planning on staying until his replacement is appointed, as well as up to 60 days after to ensure a smooth transition. Hendrickson plans to stand for election to the board of directors at Perrigo’s Annual General Meeting on July 20, and will step down once the new CEO is appointed, the company said.
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Fred’s sees pharmacy segment boosts as it posts Q1 loss
MEMPHIS, Tenn. — Fred’s Pharmacy posted its Q1 results Tuesday, and though the company swung to a roughly $36.5 million net loss, as its transformation continues, it’s seeing tangible results, particularly in pharmacy and front-end sales in renovated stores. The company also said that it is working with Rite Aid and Walgreens to bolster the case for the Federal Trade Commission to approve Walgreens’ acquisition of Rite Aid that, if approved, would make Fred’s the third-largest drug store chain in the United States