People In Brief
This article was originally published in The Tan Sheet
Executive Summary
P&G announces changes to board: Procter & Gamble presiding director Norman R. Augustine will retire following the firm's August board meeting after 18 years of service - the last three as presiding director, the firm announces June 12. A retired chairman and CEO of Lockheed Martin, he currently serves as chair of P&G's Compensation and Leadership Development Committee and is a member of the Innovation and Technology Committee. W. James McNerney, who joined P&G's board in 2003 and currently is a member of the Audit, Compensation and Leadership Development and Finance committees, has been named to succeed him. McNerney is chairman, president and CEO of Boeing. Separately, the firm appoints Rajat K. Gupta of management consulting firm McKinsey & Company to the board, effective immediately. Gupta joined McKinsey in 1973 and was named senior partner in 2003...
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P&G announces changes to board: Procter & Gamble presiding director Norman R. Augustine will retire following the firm's August board meeting after 18 years of service - the last three as presiding director, the firm announces June 12. A retired chairman and CEO of Lockheed Martin, he currently serves as chair of P&G's Compensation and Leadership Development Committee and is a member of the Innovation and Technology Committee. W. James McNerney, who joined P&G's board in 2003 and currently is a member of the Audit, Compensation and Leadership Development and Finance committees, has been named to succeed him. McNerney is chairman, president and CEO of Boeing. Separately, the firm appoints Rajat K. Gupta of management consulting firm McKinsey & Company to the board, effective immediately. Gupta joined McKinsey in 1973 and was named senior partner in 2003.... Verstandig leaves NACDS: Lee Verstandig resigns as senior vice president of government affairs at the National Association of Chain Drug Stores, effective June 30, to pursue "the next stage of his professional career," the trade group announces June 8. Verstandig is credited with building NACDS' area of government affairs and, most notably, with increasing industry appreciation on Capitol Hill, NACDS says. Until Verstandig's successor is appointed, Paul T. Kelly, current vice president of federal government affairs, will lead the government affairs team on an acting basis.... Sadove to join Colgate board: Colgate-Palmolive names Stephen I. Sadove, chairman and CEO of Saks Inc., to join its board of directors, the firm announces June 7. Sadove joined Saks as vice chairman in 2002 and was named chief operating officer in 2004 and CEO in 2006, according to Colgate. Prior to joining Saks, he had served since 1996 as president of Bristol-Myers Squibb's worldwide beauty-care business. Colgate expects Sadove to bring "extensive business leadership experience and a strong marketing and consumer products background to the Colgate Board".... New CHPA science director: The Consumer Healthcare Products Association announces June 5 it promoted Marcia D. Howard, Ph.D., from associate director to director of regulatory and scientific affairs. Howard joined the association in August 2004 and handles CHPA's regulatory and scientific issues related to dietary supplements among other responsibilities, such as dealing with OTC ingredient matter, the group says.... |