Procter & Gamble (P&G) makes its rumored restructuring official. As expected, the conglomerate will now sport four business units - Global Baby, Feminine and Family Care; Global Beauty; Global Health & Grooming; and Global Fabric & Home Care. The heads of each unit will report to chairman/CEO A.G. Lafley, as will vice chairmen Dimitri Panayotopoulos and Werner Geissler, and North American chief Melanie Healey.
“This sector organization and leadership team will help us operate more effectively and efficiently to continue momentum behind P&G’s growth strategies,” said Lafley in a press statement. “These changes build on the productivity and organization design work led by Bob McDonald, and will help us get closer to consumers and become more agile with customers.”
The businesses in each sector are focused on common consumer benefits, share common technologies, and face common competitors. Each sector will be led by a group president.
Martin Riant has been elected group president of Global Baby, Feminine and Family Care. This Sector includes the following global categories: Baby Care, Family Care, and Feminine Care. Riant will lead the Sector in addition to his current responsibilities as group president – Global Baby Care.
Deborah A. Henretta has been elected group president of Global Beauty. This Sector includes the following global categories: Beauty Care, Retail Hair Care and Color, Salon Professional, and Prestige. Henretta will lead the Sector in addition to her current responsibilities as group president – Global Beauty Care.
David S. Taylor, currently group president – Global Home Care, has been elected Group President of Global Health and Grooming. This Sector includes the following global categories: Shave Care, Braun, Oral Care, Health Care and Pet Care. In addition to leading the Sector, Taylor will assume additional responsibility for the Pet Care business, succeeding Jorge S. Mesquita who is leaving the company to pursue outside interests. Charles E. Pierce, currently group president – Global Oral Care, will also assume the additional responsibilities for new business creation and Innovation currently held by Mesquita. Pierce will report to Taylor for Oral Care and to Lafley for New Business Creation and Innovation.
Giovanni Ciserani has been elected group president of Global Fabric and Home Care. This Sector includes the following global categories: Fabric Care, Home Care, and Power.. Ciserani will lead the Sector in addition to his current responsibilities as group president – Global Fabric Care. In connection with this, George Tsourapas, currently VP–Fabric and Home Care, Central and Eastern Europe, Middle East and Africa, has been elected president-Global Home Care and P&G Professional, succeeding David Taylor. Tsourapas will report to Ciserani.
Presidents for each of the global business units included in each sector will now report to the respective sector group president. These changes are effective July 1, 2013.
“We expect this structure to facilitate faster global expansion of brand and product innovations to win with consumers,” Lafley said. “Sectors will also drive technical, commercial, financial and organizational synergies to improve results.”