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Gillette

This article was originally published in The Tan Sheet

Executive Summary

President & Chief Operating Officer Edward DeGrann, 57, assumes helm as acting CEO following resignation of Michael Hawley, Chairman Warren Buffett announces during analyst conference call Oct. 19. DeGrann, a 32-year Gillette veteran, is a likely candidate for the permanent spot, although his brief two-month tenure as president may lead to board reservations. Boston firm is conducting an extensive internal and external search for other candidates. The next CEO will face the challenge of reversing Gillette's recent quarterly sales declines and four years of underperforming stock prices
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