People In Brief
This article was originally published in The Tan Sheet
Executive Summary
P&G's Lafley joins private equity firm: Clayton, Dubilier & Rice welcomes former Procter & Gamble CEO A.G. Lafley as a special partner, the firm said April 7. Lafley held various positions with P&G for 32 years, including CEO for nine years, before retiring in 2009. "His experience building strong business operations, promoting innovation, and spurring growth across global markets enhances our value-creation capabilities," said CD&R President and CEO Donald J. Gogel. Lafley said he was attracted to CD&R because of its "successful history of building long-term value by improving the operational performance of its portfolio businesses exemplifies the positive role that private equity can play in the economy." Among the firm's diverse investments are companies in fields matching Lafley's industry-specific experience, such as Sally Beauty Holdings
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