P&G's Personal Health Sector Has Merck Consumer Chief As International Head
P&G names Merck KGAA consumer chief Uta Kemmerich-Keil to lead international division of personal health business as it closes on $4.2bn acquisition of German firm's consumer business. Deal closes a month after P&G announced biggest changes to organizational structure in 20 years, including combining personal care and health care into personal health and forming six global units, each headed by a CEO.
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P&G reported total beauty division sales grew 5% to $3.29bn, with a 20% jump in SK-II offset somewhat by low single-digit growth in hair care. Investors rewarded the firm’s better-than-expected net sales results with same-day 9% bump in its share price.
Merck KGAA reports 11% growth in sales of its OTC lines over a year ago, but, like Pfizer, looks to sharpen its long-term focus on the Rx business.