1.
U.S. markets recover from steep losses
CINCINNATI, June 11 (UPI) -- U.S. consumer products giant Procter & Gamble Co. Thursday announced a leadership change, naming a new chief executive officer.
A.G. Lafley, the company's current chairman and CEO will move to a full time position as chairman, allowing Chief Financial Officer Robert McDonald to move into the CEO position, effective July 1, the company said.
"A.G. Lafley has led the transformation of P&G over the past nine years," director of the company's board Jim McNerney said. "P&G is a far more consumer-driven, externally focused and innovative company than it was a decade ago," he said.
McNerney said McDonald was "the most broadly and globally experienced CEO in P&G history," with 30-years experience in "brand-building, market development, global business unit and global operations leadership experience."
Lafley said McDonald "has my complete confidence and support."
"He believes in P&G's Purpose and P&G people to his core," he said.
|
|
|
|
|
|
| Additional Business News Stories | |
JAKARTA, May 24 (UPI) --
Indonesia needs to address loopholes in its moratorium on deforestation, Greenpeace said.
|
LISLE, Ill., May 24 (UPI) --
A new special operations tactical vehicle has been unveiled by three U.S. companies.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption
