Endo announces CEO Paul Campanelli to retire
Endo announced that Paul Campanelli, President and CEO has notified the Board of Directors of his intention to retire and the Board is implementing its CEO succession plan. Campanelli has been appointed Chairman of the Board effective immediately and will also continue to serve as President and CEO until his successor is appointed. Roger Kimmel, who has served as Chairman of the Board, has been appointed Senior Independent Director. Kimmel replaces Dr. Sharad Mansukani, who is resigning from the Board due to other commitments, including his recent appointment as chairman of the board of another company. The Board is launching a process to identify Campanelli's successor. Campanelli will be actively involved in that process and will help facilitate a smooth transition. In addition, he will continue to serve as Chairman of the Board following the appointment of his successor.