Procter & Gamble CEO Search Continues
Procter & Gamble Co. (NYSE: PG) has set a management system to identify its next chief executive officer. Former chief executive A. G. Lafley came back recently to replace embattled Robert McDonald.
The company reported:
The Procter & Gamble Company today announced it is grouping its Global Business Units into four industry-based sectors as part of the Company's ongoing plan to improve business performance. These changes support the Company's current growth strategies of strengthening developed market businesses, maintaining developing market momentum, building a strong innovation pipeline, and driving productivity improvements.
"This sector organization and leadership team will help us operate more effectively and efficiently to continue momentum behind P&G's growth strategies," said A.G. Lafley, P&G Chairman of the Board, President and Chief Executive Officer. "These changes build on the productivity and organization design work led by Bob McDonald, and will help us get closer to consumers and become more agile with customers."
New Sector Groups
The businesses in each sector are focused on common consumer benefits, share common technologies, and face common competitors. Each sector will be led by a Group President.
Filed under: 24/7 Wall St. Wire, Corporate Governance, Management Change Tagged: PG
