P&G's Health & Well-Being Vice Chairman Retiring; Company to Restructure Business Units

The Procter & Gamble Company announced that Robert A. Steele—vice chairman–global health and well-being, responsible for oral care, feminine care, personal health care, pet care and snacks—will retire from P&G, effective Sept. 1, 2011, after 35 years of service. Effective February 1, Mr. Steele will serve as vice chairman–health care strategy, reporting to Robert A. McDonald, chairman of the board, president and CEO, P&G.

"Rob has been and remains an outstanding leader, whose impact on P&G stretches across the company and will endure for decades to come," said McDonald. "He led P&G's North America business from 2000 to 2006, delivering six consecutive years of value-share growth, and he played a pivotal role in the successful integration of Gillette's North America commercial operations."

As part of this management change, P&G will consolidate its current three global business units (GBUs) into two: beauty & grooming and household care. The oral care and feminine care businesses will become part of P&G's beauty and grooming GBU. Effective Feb. 1, 2011, Charlie E. Pierce, group president–global oral care, and Steve Bishop, group president–global feminine care will report to Ed Shirley.

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