P&G Announces Organizational Changes

The Procter & Gamble Company announced that G. Gilbert Cloyd, chief technology officer, will retire—effective Sept.1, 2008—after more than 33 years of service. Until that time, effective June 1, 2008, Cloyd will be named officer on special assignment, reporting to A. G. Lafley, chairman of the board and CEO Bruce Brown— currently vice president-research & development, global hair care and global hair colorants—will be elected chief technology officer, effective June 1, 2008, reporting to Robert A. McDonald, chief operating officer.

"Gil is an outstanding innovation leader," said Lafley. "He transformed P&G's innovation while preserving the essential part of P&G's R&D organization—world-class technologists who are masters of core technologies critical to P&G's businesses—but he was also willing to transform our innovation capabilities. As a result of Gil's leadership, there's a broader, more-productive, more-open and more consistently successful innovation culture at P&G today.

"Bruce Brown has 28 years of experience leading winning innovation across a number our businesses—including baby care, feminine care and beauty care—and in several geographic markets, including North America, Western Europe and Asia. I've worked with him for more than 15 years, beginning with our time together in Asia, and he's been a key leader of P&G's work to innovate how we innovate. He will continue to strengthen P&G's innovation capability and culture as chief technology officer."
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