09.01.15
Procter & Gamble (P&G): named David S. Taylor, group president of global beauty, grooming and health care, as successor to A.G. Lafley as president and CEO, effective Nov. 1, 2015. Taylor has also been appointed to the company’s board.
Lafley will become Procter & Gamble’s executive chairman, lead the board of directors, and provide advice and counsel to the CEO and P&G leadership on company and business strategies, portfolio choices and organization decisions.
Jim McNerney, lead director of P&G’s board, said, “We thank A.G. for returning as CEO to lead P&G’s transformation. The company is now organized into four industry-based sectors with a focused portfolio of 10 categories and 65 brands that play to P&G’s strengths. Productivity results are strong and sustainable. Stronger category business and product innovation plans are in place. Now is the time to transition to David as CEO, while continuing to benefit from A.G.’s strategic counsel as executive chairman.”
McNerney called Taylor a “proven leader who has the experience and track record of delivering results.”
Taylor joined P&G in 1980 and has helped to build many of P&G’s core businesses, including baby care, family care, hair care and home care. He has led global businesses, and lived and worked in North America, Europe and Asia. Most recently, he was group president of global beauty, grooming and health care.
He has worked closely with Lafley on the strategy to strengthen and focus P&G’s business and brand portfolio, according to P&G.
Lafley will become Procter & Gamble’s executive chairman, lead the board of directors, and provide advice and counsel to the CEO and P&G leadership on company and business strategies, portfolio choices and organization decisions.
Jim McNerney, lead director of P&G’s board, said, “We thank A.G. for returning as CEO to lead P&G’s transformation. The company is now organized into four industry-based sectors with a focused portfolio of 10 categories and 65 brands that play to P&G’s strengths. Productivity results are strong and sustainable. Stronger category business and product innovation plans are in place. Now is the time to transition to David as CEO, while continuing to benefit from A.G.’s strategic counsel as executive chairman.”
McNerney called Taylor a “proven leader who has the experience and track record of delivering results.”
Taylor joined P&G in 1980 and has helped to build many of P&G’s core businesses, including baby care, family care, hair care and home care. He has led global businesses, and lived and worked in North America, Europe and Asia. Most recently, he was group president of global beauty, grooming and health care.
He has worked closely with Lafley on the strategy to strengthen and focus P&G’s business and brand portfolio, according to P&G.