The Drum Awards for Marketing - Extended Deadline

-d -h -min -sec

Procter & Gamble (P&G)

Procter & Gamble announces David S. Taylor as CEO

Author

By Stephen Lepitak, -

July 28, 2015 | 2 min read

Procter & Gamble has announced that David S. Taylor will succeed president and chief executive (CEO) A.G. Lafley from November.

Lafley will step down to become executive chairman and will lead the board of directors of Procter & Gamble going forward.

Jim McNerney, lead director of P&G’s Board, said, “We thank A.G. for returning as CEO to lead P&G’s transformation. The Company is now organized into four industry-based sectors with a focused portfolio of 10 categories and 65 brands that play to P&G’s strengths. Productivity results are strong and sustainable. Stronger category business and product innovation plans are in place. Now is the time to transition to David as CEO, while continuing to benefit from A.G.’s strategic counsel as executive chairman.”

Lafley served as chief executive for eight years from 2000, before returning to the role in 2013 for an interim period.

Said Lefley; "We are leading P&G’s most comprehensive transformation in our history."

He added: “We are a more focused and balanced company, committed to winning with consumers and creating value for shareholders. We have strengthened our brand and product innovation pipeline, while streamlining our cost structure. With our plans for portfolio realignment essentially complete, P&G is positioned to deliver improved results. The Board and I are confident that now is the time to transition the CEO role to David who will sharpen the strategies and lead the execution of the next important phase of building a better P&G.”

Taylor joined the company in 1980 and most recently served as group president of global beauty, grooming and health care.

Procter & Gamble (P&G)

More from Procter & Gamble (P&G)

View all

Trending

Industry insights

View all
Add your own content +