Jun
05
P&G Exec Shuffle Sets Up CEO Race
Posted in: Uncategorized
Just two weeks after bringing back Chairman-CEO A.G. Lafley, Procter & Gamble Co. has identified frontrunners in the race to succeed him, giving a set of six executives in their early to mid 50s direct reports to Mr. Lafley, 65.
The moves don’t change P&G’s structure dramatically, as many of the executives largely retain their direct leadership. And none of the moves are promotions, exactly, since the executives remain group presidents.
P&G spokesman Paul Fox said the moves already were in the works under departing Chairman-CEO Bob McDonald and have the full support of Mr. Lafley and the board.
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