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McDonald’s Out, Lafley’s In at Procter & Gamble

June 7, 2013

• Procter & Gamble: has a new, but familiar chief executive officer. Former chairman and CEO A.G. Lafley has rejoined the company as CEO, effective immediately. He replaced Bob McDonald, who retired.

“A.G.’s track record and his depth of experience at P&G make him uniquely qualified to lead the company forward at this important time,” said Jim McNerney, presiding director of P&G’s board of directors. “The board expects A.G. to further improve results, implement the current productivity plan, and facilitate an ongoing succession process. The board is confident that he will continue improving P&G’s performance.”

Mr. McNerney added, “We thank Bob for his service and note the company’s improving business performance. Under his leadership, the company expanded its business in developing markets, built a strong innovation pipeline, and has made substantial progress implementing a $10 billion cost savings and productivity program.”

Despite these successes, McDonald’s tenure as chairman and CEO was marred by criticism from activist hedge fund manager Bill Ackman. Ultimately, it was Ackman who pressured the P&G board to replace McDonald. Ackman, head of Pershing Square Capital Management, has been one of most vocal critics of McDonald’s leadership. In January, he told CNNMoney he thought it was unlikely McDonald was the right CEO for the company and that the senior management team at P&G had also lost the confidence in him.

For its part, P&G insists that McDonald chose to retire after 33 years of service with the company.

• Avon Products: appointed Pablo Munoz as senior vice president and president, North America, effective June 24, 2013. He will report to Avon CEO Sheri McCoy, and will join the company’s executive committee. In his new position, Munoz will oversee Avon’s business in the US, Canada and the Caribbean. In this role, he will be responsible for executing the turnaround of Avon’s North American business and returning it to a solid and profitable position. He joins Avon from Tupperware Brands Corporation, where he has worked since 1993, most recently as group president of the Americas region. Prior to joining Tupperware, Munoz spent five years at Sara Lee Corporation.

Munoz holds a Master of Science degree in Management and Engineering and a Bachelor’s degree in Industrial Engineering, both from Georgia Institute of Technology in Atlanta.

• The Lubrizol Corporation: hired Darcy Travagline as regional account manager in the US West Coast for its Lipotec subsidiary, as part of its skin care strategy.

Travagline´s primary responsibility will be the continual development of Lipotec peptides and marine-based cosmetic ingredients in the region.

Travagline has broad experience as a formulator for hair care and skin care products and as account manager representing specialty raw materials to the personal care industry.

• Van Tibolli: added Stacy Davis to its executive sales team. She is the new regional sales manager for the US division of the company. Davis has worked in the beauty industry for many years and is bringing her vast knowledge of sales management and training to VTB, according to the company.

She comes to Van Tibolli Beauty from Keune Haircosmetics USA, Inc. where she was the West Coast sales manager. She successfully launched two new distributors in the area.  In addition, her expertise brought to Keune a series of successful distributor sales consulting training programs.

• Vantage Specialty Chemicals: promoted Mike Lotito to North America sales director of Lipo Chemicals, the personal care unit of Vantage Specialty Chemicals. With a broad background in the chemical industry, he offers a wealth of knowledge and experience.
Lotito joined Ruger Chemical, the pharmaceutical unit of Vantage Specialty Chemicals, in 2007 and immediately achieved success. He took the lead commercial role in Ruger and has been able to demonstrate a notable improvement in profitability and product focus within a very short time period, according to the company. Before joining Ruger, he worked in various management positions for major personal care ingredient companies such as Lonza, Rhodia and Croda.

In other news, Lipo Chemicals promoted Selmo Araujo to managing director of Latin America for Vantage Specialty Chemicals. He joined Lipo Chemicals in 2003, and has since led Lipo do Brasil.

In addition to the continued development of Lipo and the Personal Care Group, Araujo will also head the development of other Vantage Specialty Chemical businesses across the entire Latin American region.

•L’Oréal USA: named Angela Bennett vice president of La Roche-Posay. A graduate of Loyola University in Baltimore, MD where she earned a degree in Business Administration, Bennett brings with her a wealth of experience, having worked with many global brands and has established solid relationships with retailers nationwide. 

Before being appointed vice president, Bennett held the position of VP-marketing. She spearheaded strategic transversal marketing projects and retail expansion, as well as the development of the brand’s many product ranges, including Anthelios sunscreens and Effaclar acne treatments.

• CPL Aromas: welcomed Begum Oner as business development manager responsible for the Turkish market based at offices in Istanbul. This appointment is part of a wider strategy to develop the Turkish market for the company by adding local resource to serve customers more effectively. Oner, recognized as an industry expert, was formerly with International Flavors & Fragrances (IFF), where she held the position of sales manager and was responsible for a number of major accounts.

• The Personal Care Products Council: hired Hayley McConnell as director, public affairs and communications. In this role, McConnell will expand the Council’s media outreach furthering the industry’s commitment to educate key stakeholders about important issues facing cosmetic and personal care products companies. McConnell previously worked at the National Grocers Association where she enhanced the organization’s social media presence and overall presence in Washington, DC. Prior to that, she worked for several high profile public affairs firms in DC representing a diverse client base, including Fortune 500 companies, associations and a number of political candidates. 

• B. Kamins Laboratories: hired Ryan Christopher, a licensed esthetician, as a national education manager.  This is his first position at the company.

Jocelyne Horst, also a new hire, is now the vice president of sales for B. Kamins Laboratories.

• Evonik Corporation: named John Rolando, who has spent more than 25 years at the company in ever-increasing positions of responsibility around the world, as president of Evonik Corporation, effective April 1.  Rolando replaces Tom Bates, who is retiring after more than 15 years at the North American subsidiary of Evonik Industries—the last five as president.

Rolando is currently president of the company’s Performance Polymers North America Business Unit. He served as president of Evonik Corporation for two years beginning in 2006 while remaining president of Cyro Industries. The office of president since has been transformed into a full-time position.

• Adina Chemicals Ltd.: welcomed Ken Jones as part of its technical sales team. Jones, who brings years of experience to the post, will  also continue to chair the Society of Cosmetic Scientists Wales and West RDG.

• Colorscience: appointed Steve P. Loomis as chief financial officer, further expanding the brand’s executive team. He was a key member of the strategic deal team responsible for the acquisition of SkinMedica by Allergan in December 2012, along with recently appointed Colorescience chief business officer Ted Ebel.

Prior to joining SkinMedica, Loomis was CFO and vice president of operations for 14 years at CardioDynamics International Corporation, a publicly traded international medical device company which was sold to SonoSite in 2009.  
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