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P&G Announces Business Unit Changes
Posted: June 6, 2013
In the wake of the company renaming A.G. Lafley as president and CEO, The Procter & Gamble Company announced it is grouping its global business units into four industry-based sectors as part of the company’s 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 A.G. Lafley, P&G chairman of the board, president and CEO. “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.”
The businesses in each sector are focused on common consumer benefits, share common technologies, and face common competitors. Each sector will be led by a group president.
Deborah A. Henretta has been elected group president of global beauty, a sector that includes the following global categories: beauty care, retail hair care and color, salon professional, and prestige. Henretta will lead the sector in addition to her current responsibilities as group president of global beauty care.
David S. Taylor, currently group president of global home care, 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 addition to leading this sector, Taylor will assume additional responsibility for the pet care business, succeeding Jorge S. Mesquita who is leaving the company to pursue outside interests. Charles E. Pierce, currently group president of global oral care, will also assume the additional responsibilities for new business creation and innovation.
Additionally, Martin Riant has been elected group president of global baby, feminine and family care, and Giovanni Ciserani has been elected group president of global fabric and home care.
“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, currently vice chairman, global business units, has been elected vice chairman and advisor to the chairman and CEO effective July 1, 2013.