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P&G Moving Its Beauty Headquarters to Singapore
Posted: May 11, 2012
Procter & Gamble is moving its skin care, cosmetics and personal care divisions headquarters away from its Cincinnati homebase, relocating to Singapore in order to be closer to the Asian market, according to reports. Expected to progress over the next two years, the move hopes to better align P&G’s beauty business in the Asian marketplace, where it currently sees its largest growth opportunities, and should affect approximately 20 leadership positions in the company.
This move will also see Virginia (Gina) Drosos, current group president for P&G global beauty, skin, cosmetics and personal care, stepping down from her role and retiring rather than make the move to Asia. Filling the role will be Deb Henretta, current group president for P&G’s Asia and global specialty channel.
Henretta's role will be taken over by Hatsunori Kiriyama, currently P&G's vice president of Japan. Reportedly, Kiriyama will take over Henretta’s role as of July 1, Henretta will take on her new role as of August 1, and Drosos will step down on September 1.