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Procter & Gamble confirms Pepper as chairman, creates COO post for Jager, reorganizes internationally.

Executive Summary

P&G CREATES NEW TOP-LEVEL POST FOR JAGER, EXPANDS INTERNATIONAL operations with the creation of four geographic divisions to replace the previous two entities, the company announced March 14. The restructuring marks the end of the Artzt era; Procter & Gamble is confirming former President John Pepper, 56, as the replacement for 64-year-old Edwin Artzt as chairman and CEO. Concurrently, the company has created the post of chief operating officer for Durk Jager, formerly exec VP, who will also hold the title of president. The changes go into effect July 1.

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