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GBUs are down to two with Steele's retirement.
February 1, 2011
By: TOM BRANNA
Editor
Procter & Gamble Co. said it will consolidate its three global business units into two:beauty and grooming and household care, with its oral care and feminine care business becoming part of the beauty and grooming unit. The consolidation of GBUs is designed to cut costs within P&G. P&G spokesman Paul Fox said the consolidation “will ensure that each business gets the full investment required to grow globally” and that there “will be a benefit of operating synergies.” The move coincides with the retirement of Robert Steele, vice chairman of global health and well-bein, who will leave the company in September. In the meantime, he’ll move into a new position as the company restructures its business units.
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