Executive Chairman A.G. Lafley to Retire
CINCINNATI–(BUSINESS WIRE)–The Procter & Gamble Company (NYSE:PG) today announced that David S.
Taylor has been appointed Chairman of the Board, effective July 1, 2016.
Taylor assumes the position in addition to his role as President and CEO
following the retirement of current Executive Chairman A.G. Lafley, who
was named as Chairman, President and CEO in 2013.
“I want to recognize and thank A.G. for his legacy of leadership at
P&G,” said Mr. Taylor. “Over the past three years in particular, A.G.
was instrumental in leading our strategic, leadership and cultural
transformation, rationalizing our portfolio, instituting a productivity
mindset, and building our global leadership team. We are now better
positioned for the long term to address both the challenges and
opportunities before us.”
Taylor joined P&G in 1980. He 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. Prior to being named CEO, Taylor served as Group
President of Global Beauty, Grooming and Health Care. Previously, Mr.
Taylor was responsible for Family Care and Home Care, both of which
delivered consistent double-digit profit and mid-single-digit sales
growth under his leadership. Taylor and Lafley have worked closely
together in the past year on the Company’s strategy to strengthen and
focus P&G’s business and brand portfolio.
Lafley served as CEO from 2000 to 2009, and returned from retirement to
serve as CEO again from 2013-2015. From 2015, as Executive Chairman,
Lafley led the Board of Directors and provided advice and counsel on
Company and business strategies, portfolio choices, and organization
About Procter & Gamble
P&G serves consumers around the world with one of the strongest
portfolios of trusted, quality, leadership brands, including Always®,
Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®,
Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®,
Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G
community includes operations in approximately 70 countries worldwide.
Please visit http://www.pg.com
for the latest news and information about P&G and its brands.
Procter & Gamble
Damon Jones, 513-983-0190