• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Formulary
    • Exclusives
    • Top Companies
    • Raw Materials
    • End-User
    • Packaging
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Formulary
  • Exclusives
  • Top Companies
  • Raw Materials
  • End-User
  • Packaging
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    Top Features
    ACI Prepares for a Busy Second Half of 2022

    Honeywell Technology Boosts Efficiency And Reduces Carbon Footprints

    Protection & Correction: Facial Cosmetics

    Preservatives Market Expands to Maintain Longevity & Quality in Household & Personal Care

    Advancing the Research in Preservation Science
    Online Exclusives
    Association News
    Breaking News
    Financial News
    Industry News
    International
    Marketing News
    New Products
    News Front
    Packaging News
    Patents
    Personnel
    Regulations
    Snapshots
    Top News
    Live From Shows
    Top News
    Toning Collection For Zero-Brass Blondes is New at Colorproof

    Esthetician Studio Beauty Concepts Files Trademark Infringement Lawsuit Against Kim Kardashian and Coty, Inc.

    Joy Liquid Dishwash Brand Expands Into Auto Dish Market

    Parfums Christian Dior Launches Sustainability Program

    Mary Kay Awarded New Skin Care Patent
    Blog
    Online Exclusives
    Glossary
    Infographics
    Podcasts
    Whitepapers
    Videos
    Expert's Opinion
    HappiTV
    eBook
    Surveys
    International Top 30 Report
    Top 50 Report
    Top Companies
    4. SC Johnson

    Victoria’s Secret

    6. Shiseido

    22. Pierre Fabre

    L Brands
    Actives
    Functional Ingredients
    Pigments
    Polymers
    Preservatives
    Surfactants

    ACI Prepares for a Busy Second Half of 2022

    Honeywell Technology Boosts Efficiency And Reduces Carbon Footprints

    Protection & Correction: Facial Cosmetics

    Preservatives Market Expands to Maintain Longevity & Quality in Household & Personal Care

    Advancing the Research in Preservation Science
    Air Care/Environmental Fragrance
    AP/Deo
    Color Cosmetics
    Disinfectants
    Fine Fragrance
    Hair Care
    Household Cleaning
    I&I Marketplace
    Laundry Care
    Oral Care
    OTC/Medicated
    Packaging
    Personal Cleansers
    Skin Care
    Sun Care
    Testing

    Toning Collection For Zero-Brass Blondes is New at Colorproof

    Esthetician Studio Beauty Concepts Files Trademark Infringement Lawsuit Against Kim Kardashian and Coty, Inc.

    ACI Prepares for a Busy Second Half of 2022

    Joy Liquid Dishwash Brand Expands Into Auto Dish Market

    Protection & Correction: Facial Cosmetics
    Lab Equipment
    Mixing
    Packaging
    Testing

    L’Oréal Paris Has a New Answer For Men with Gray Hair

    Labskin's Microbiome-Friendly+ Seal of Approval Available in the US

    Sustainability Continues To Shape Beauty, Home & Personal Care Packaging

    Technology Cuts Plastic Decomposition from 500 Years to Three Months

    Aerosol Recycling Initiative Launched by HCPA
    Contract Manufacturing / Private Label Directory
    Buyer's Guide
    Add New Company
    Corporate Profiles
    International Buyers Guide Companies
    Vantage Personal Care™

    Jeen International

    Centerchem LLC

    Lubrizol Life Science

    cosmopak usa
    Live From Shows
    Meetings
    Webinars
    Snapshots
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Formulary
    • Directories
      • Buyer's Guide
      • Contract Manufacturing / Private Label Directory
      • Corporate Profiles
      • Add Your Company
    • Raw Materials
      • Actives
      • Functional Ingredients
      • Pigments
      • Polymers
      • Preservatives
      • Surfactants
    • End-User
      • Air Care/Environmental Fragrance
      • AP/Deo
      • Color Cosmetics
      • Disinfectants
      • Fine Fragrance
      • Hair Care
      • Household Cleaning
      • I&I Marketplace
      • Laundry Care
      • Oral Care
      • OTC/Medicated
      • Packaging
      • Personal Cleansers
      • Skin Care
      • Sun Care
      • Testing
    • Packaging
      • Lab Equipment
      • Mixing
      • Packaging
      • Testing
    • Top Companies
      • International Top 30 Report
      • Top 50 Report
    • Online Exclusives
    • Glossary
    • Experts Opinion
    • Slideshows
    • HappiTV
    • Podcasts
    • Videos
    • Infographics
    • eBook
    • Blog
    • Whitepapers
    • Surveys
      • R & D Salary Survey
      • Sales & Marketing Salary Survey
    • Job Banks
    • Events
      • Industry Events
      • Live from show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Top Companies Report

    1. Procter & Gamble

    ...

    07.12.13
    Cincinnati, OH
    513.983.1100
    www.pg.com

    Sales: $69.1 billion (estimated) for personal care, household care and oral care products. Corporate sales: $83.6 billion. Net income: $9.3 billion for the year ended June 30, 2012.

    Key Personnel: AG Lafley, chairman president and chief executive officer; Werner Geissler, vice chairman, global operations; Dimitri Panayotopoulos, vice chairman, global business units; Bruce Brown, chief technology officer; Giovanni Ciserani, group president, global fabric care; Linda W. Clement-Holmes, senior vice president, global business services research & development, product supply and employee solutions; Joanne Crewes, president, global prestige, P&G; Philip J. Duncan, global design officer; Tarek Farahat, president, Latin America and global club, cash and carry channel; Mary Lynn Ferguson-McHugh, group president, Western Europe and global discounter and pharmacy channels; Thomas M. Finn, president, global health care; Robert L. Fregolle Jr., global customer business development officer; William P. Gipson, senior vice president, global diversity and research and development, global hair care and color; Melanie L. Healey, group president, North America and global hyper, super, mass channel; Deborah A. Henretta, group president, global beauty care; Colleen E. Jay, president, global retail hair care and color; Hatsunori Kiriyama, president, Asia; Joan M. Lewis, global consumer and market knowledge officer; Patrice Louvet, group president, global grooming and shave care; Deborah P. Majoras, chief legal officer and secretary; Adil Mehboob-Khan, president, P&G Salon Professional, Global Wella Professional; Jon R. Moeller, chief financial officer; Fillippo Passerini, group president, global business services & chief information officer; Kirk L. Perry, president, global family care, P&G; Laurent L. Philippe, group president, CEEMEA and global high frequency store channel; Charles E. Pierce, group president, global oral care; Marc S. Pritchard, global brand building officer; Martin Riant, group president, global baby care; Jeffrey K. Schomburger, president, global Walmart team; Valarie Sheppard, senior vice president & comptroller; Yannis Skoufalos, global product supply officer; Shannan Stevenson, president, greater China, P&G; Nancy K. Swanson, vice president, corporate, P&G; David S. Taylor, group president, global home care; Alex Tosolini, senior vice president, global ebusiness; Jorge A. Uribe, global productivity and organization transformation officer.

    Major Products: 50 leadership brands, including 25 billion dollar brands. Household Care—Tide, Ariel, Cheer, Gain, Bold, Dreft, Era detergents; Joy and Cascade dish detergents; Febreze and Downy laundry additives; Mr. Clean, Comet and Swiffer household cleaners. Personal Care—Head & Shoulders, Nioxin, Pantene, Herbal Essences, Pert, Sebastian, Vidal Sassoon and Aussie hair care; DDF, Olay and SK-II skin care; Nice ‘n Easy hair color; Cover Girl, Dolce & Gabanna cosmetics; 007, Hugo Boss, Lacoste, Puma, Dunhill, Escada, Dulce & Gabbana, Fekkai and Gucci fragrances.

    New Products: Beauty & Grooming—Secret Clinical Strength Stress Response, Gillette Sensitive, Olay Regenerist Micro-Sculpting Eye & Lash Duo, Gucci Guilty Black, Oral-B Deep Sweep Power Brush, Olay Fresh Effects, Vidal Sassoon Pro Series, Wella Illumina Color, Gucci Premiere, Olay Total Effects CC Tone Correcting UV Moisturizers, Dolce & Gabbana Pour Femme; Household Care—Ariel Pod, Febreze Stick & Refresh, Cascade Platinum, Swiffer WetJet Extra Power Pad, Febreze Car Vent Clip, Cascade Complete Pacs.

    Comments: Procter & Gamble’s executive team was done in by insider meddling. After 18 months of complaining about the performance of P&G stock under the direction of chairman Bob McDonald, activist investor Bill Ackman finally got his wish in May when Procter’s board ousted McDonald and brought back former P&G CEO AG Lafley to serve as president, chief executive officer and chairman.

    Ackman’s stake in P&G is nearly $2 billion, so when he speaks, corporate boards tend to listen. More than a year ago, Ackman and others urged P&G to trim overhead and raise productivity. Early in 2013, McDonald launched a $10 billion cost-cutting program that would eliminate more than 6,000 jobs. At the same time, McDonald cut back on aggressive expansion plans in emerging markets in order to focus on the 40 product-country combinations that account for the majority of its earnings.

    Unfortunately for McDonald, the January-March 2013 quarter did little to boost Ackman’s confidence in the CEO. Stronger earnings to close out the year and the turnaround efforts quieted criticism, but disappointing sales for the first three months of 2013 revived questions about whether the company was on the right track. Ackman also had a beef with McDonald’s time spent outside the office, charging that McDonald served on too many corporate boards that, Ackman insisted, took up 25% of his time.

    Thus, it was out with the new and in with the old at P&G. McDonald left after less than four years at the helm. Just days after tapping Lafley to lead P&G, the company reconfigured its Global Business Units into four industry-based sectors as part of its “ongoing plan to improve business performance.” These changes support the company’s current growth strategies of strengthening developed market businesses, maintaining developing market momentum, building a strong innovation pipeline, and driving productivity improvements.

    “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 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.”

    According to P&G, each sector is focused on common consumer benefits, shares common technologies, and faces common competitors. Each will be led by a group president as follows:
    • 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.
    • 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.
    • David S. Taylor 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 another move, Jorge S. Mesquita, who at one time led P&G’s detergent business, left the company to pursue other businesses. With their expanded roles, Ciserani, Henretta, Riant and Taylor report directly to Lafley.

    “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.”

    Concurrent with these changes, P&G is also announcing that Dimitri Panayotopoulos has been elected vice chairman and advisor to the chairman and chief executive officer effective July 1. He will continue to report to Lafley. At the same time, Melanie L. Healey, group president, North America and global hyper, super and mass channel, will report to Lafley in addition to Werner Geissler, vice chairman, global operations. This change reflects the size and impact of the North America market to P&G’s business. Geissler will continue reporting to Lafley as vice chairman, global operations, with particular focus on Western Europe and developing markets.
    “This will strengthen our focus on go-to-market excellence in our core developed and developing markets,” said Lafley. “Taken together, these organization changes will help us operate better and faster as one unified team to win.”

    Sales Rise as Earnings Fall
    Playing musical chairs in the executive suite is nice, but ultimately, analysts and investors expect results. For the year ended June 30, 2012, P&G’s sales rose 3%, but net earnings declined 20%. Organic sales rose 3%, but unit volume was flat. Beauty volume rose in the low single digits, but declined by the same in household care. Similarly, volume grew in the mid-single digits in developing markets, but fell by low single digits in developed regions. Gross margin declined 160 basis points to 49.3%, driven by a 230-basis point impact from higher commodity and energy costs.

    By segment, beauty reported a 2% increase in volume and sales ($20.3 billion), but earnings fell 6%. Organic sales grew 2% on organic volume growth and price increases added 3% to net sales growth. Net sales were hurt by a 3% decline in salon professional as well as a decline in developed market sales.

    Fabric care and home care sales rose 3% to more than $27 billion on a 1% decline in volume. Net earnings fell 6%.  Unit volume fell 1% and organic sales were up 3%. Volume in developing regions rose in the mid-single digits, but declined by the same percentage in development regions, according to P&G.

    The end for McDonald, as noted, came after the company reported that sales rose 2% for the three months ended March 31, 2013. Although fabric and home care sales rose in the low single digits, the gains were offset by a similar decline in beauty and grooming. In that fiscal Q3, net income rose 5% to nearly $2.6 billion.

    For the nine months, sales were flat at $63.5 billion, but net earnings jumped 32% to $9.5 billion. Beauty sales were off 3%, while fabric and home care sales were flat.
    Related Searches
    • Baby Care
    • america
    • laundry
    • growth

    Related Content

      Loading, Please Wait..
      Trending
      • Succeeding In Skin Care
      • L’Oréal's New UVMune 400 Sun Filtering Technology Protects Skin From Ultra-Long UVA Rays
      • Boots, No7 Beauty Brand Are No Longer For Sale
      • Parfums Christian Dior Launches Sustainability Program
      • La Roche-Posay Takes Oily Skin To The Matte With Latest Double Repair Moisturizer
      Breaking News
      • Toning Collection For Zero-Brass Blondes is New at Colorproof
      • Esthetician Studio Beauty Concepts Files Trademark Infringement Lawsuit Against Kim Kardashian and Coty, Inc.
      • Joy Liquid Dishwash Brand Expands Into Auto Dish Market
      • Parfums Christian Dior Launches Sustainability Program
      • Mary Kay Awarded New Skin Care Patent
      View Breaking News >
      CURRENT ISSUE

      July 2022

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      Pharmavite Expands in Ohio with $200 Million Investment
      Nestlé Health Science Expands in New Zealand with Deal to Buy The Better Health Company
      Younger Consumers Drive Growing Demand for Ingestible Beauty and Skin Care Products
      Coatings World

      Latest Breaking News From Coatings World

      Azelis Acquires Chemical Partners, Strengthens Leadership in Africa and Middle East
      Emmanuelle Bromet Named Arkema Sustainable Development VP
      ROSS Planetary Dual Dispersers Have Unique Processing Flexibility
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      OmniGuide Awarded FDA Clearance for RevoLix Hybrid Thulium Laser
      Pancryos Forges License Agreement for Microencapsulation Device
      FDA Awards IDE Approval to SELUTION SLR Drug-Eluting Balloon
      Contract Pharma

      Latest Breaking News From Contract Pharma

      Bayer Opens New Research and Innovation Center at Kendall Square
      Lonza Names Maria Soler Nunez as Head, Group Operations
      Eurofins DiscoverX Opens Shanghai Office
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      Dexlevo Introduces Beauty Treatment technique, ‘GOURI’
      Revision Skincare Exec Wins Ernst & Young Entrepreneur of the Year
      Latest Updates About Cosmoprof North America
      Happi

      Latest Breaking News From Happi

      Toning Collection For Zero-Brass Blondes is New at Colorproof
      Esthetician Studio Beauty Concepts Files Trademark Infringement Lawsuit Against Kim Kardashian and Coty, Inc.
      Joy Liquid Dishwash Brand Expands Into Auto Dish Market
      Ink World

      Latest Breaking News From Ink World

      Azelis Acquires Chemical Partners, Adds to Leadership in Africa and Middle East
      International Paper Publishes 2021 Sustainability Report
      Epson Now Shipping New SureColor P8570D 44-Inch Production Photo and Graphics Printer
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      UPM Raflatac boosts operations in US, All4Labels returns to HP and more
      Fedrigoni Self-Adhesives to exhibit at Labelexpo Americas for first time
      CELAB Europe wins Paper Recycling award
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Glatfelter, Blue Ocean Closures Partner with Absolut
      What You’re Reading on Nonwovens-Industry.com
      Daio, Livedo Partner to Recycle Diapers
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      NuVasive Inc. Opens Singapore Experience Center
      Pedicle Screw Systems Market to Top $3B in 2027
      3Spine Completes First U.S. Surgeries in IDE Pivotal Clinical Trial
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      Epishine is Building a New Solar Cell Factory in Linköping, Sweden
      Toppan Establishes CVC Fund and Investment Management Company in the US
      EU-Consortium FlexFunction2Sustain Creates World’s First OPV Cell on Recycled Material

      Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login