June 11, 2009
Procter & Gamble make leadership change
U.S. consumer products giant Procter & Gamble Co. Thursday announced a leadership change, naming a new chief executive officer.
A.G. Lafley, the company's current chairman and CEO will move to a full time position as chairman, allowing Chief Financial Officer Robert McDonald to move into the CEO position, effective July 1, the company said.
A.G. Lafley has led the transformation of P&G over the past nine years,director of the company's board Jim McNerney said.
P&G is a far more consumer-driven, externally focused and innovative company than it was a decade ago,he said.
McNerney said McDonald was
the most broadly and globally experienced CEO in P&G history, with 30-years experience in
brand-building, market development, global business unit and global operations leadership experience.
Lafley said McDonald
has my complete confidence and support.
He believes in P&G's Purpose and P&G people to his core, he said.