P&G Reorganization Identifies Potential CEOs, Prioritizes Reaching Consumers
This article was originally published in The Tan Sheet
Executive Summary
Procter & Gamble reorganizes into four industry-based units, with the goal of getting closer to consumers and becoming more agile, CEO Lafley says. Each unit leader and two other executives now have direct lines of communication to Lafley and could be positioned to take over the helm.
You may also be interested in...
Church & Dwight Claims Marketplace Advantage With Value Pricing
Church & Dwight credits its recession-resistant portfolio, innovation, increased marketing and expanded distribution with continued growth despite reduced consumer spending. CEO James Craigie cautions competitor P&G against a price war, suggesting that it will match its competitor’s moves, whereby “nobody wins.”
Lafley Back At P&G Helm As McDonald’s Tenure Ends At Four Years
Procter & Gamble turns to its former leader, previously replaced by Bob McDonald in 2009, after facing investor and analyst pressure to shake up management. Lafley’s return as CEO “provides us with new hope,” one market analyst says.
McCoy Exits J&J For Avon After Gorsky Promotion
Passed over to succeed outgoing CEO William Weldon, top Johnson & Johnson consumer business exec Sheri McCoy exits the firm after 30 years to become Avon’s CEO. While J&J’s consumer business is recovering gradually, Avon faces a hostile takeover bid and is dealing with internal struggles.