Joseph Papa
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President, CEO and Chairman, Perrigo Co.
Allegan
Papa, who joined generic drug maker Perrigo in 2006, has led the $2.76 billion company through five consecutive record years.
“While we don’t try to exactly predict what will happen with the overall economy on a short-term basis, it’s obvious that many Americans are battling through harder financial times than ever before. Increased political gridlock, high unemployment and a volatile financial climate have caused consumers to continually evaluate their purchases, with a major focus on price. Perrigo provides quality, affordable healthcare products that serve as therapeutic equivalents to higher-priced national brands. Consumers achieve the same curative benefit from value-priced store brand versions as the national brands, regardless of the economy’s direction. With the continued shift in consumer behavior to store brands, we’re confident that any economic impact will only enhance the benefits to Perrigo and its customers. We continually look for opportunities to grow our company and recently announced the building of 50,000-square-foot facility in Allegan, Mich. Additionally, Perrigo has hired over 400 people in Michigan within the last two years, which confirms that Perrigo is truly the right company, in the right place, at the right time.”