What’s on Lafley’s List This Time Around at P&G
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Everything old is new again at Procter & Gamble Co., as A.G. Lafley steps in for the man who replaced him as CEO in a bounceback unprecedented for the packaged-goods giant but increasingly common elsewhere.
And P&G is making clear it's not expecting big shifts to come: “This won't result in a dramatic change in our strategies or our priorities,” said P&G Chief Financial Officer Jon Moeller in a brief listen-only call with investors May 24.
That didn't stop investors from feasting on the helping of executive comfort food, sending P&G's stock up 4% on Friday amid a flat market ahead of a holiday weekend. UBS upgraded the stock and other analysts applauded the move. Citi analyst Wendy Nicholson even called for Mr. Lafley to “bring back the band” and return more P&G alumni to the company.
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