Tuesday, June 30, 2009

Procter and Gamble Gets New Chief

Tomorrow Robert McDonald will assume the post of CEO at Procter and Gamble.He has worked at PG for 29 years,and most recently was Chief Operating Officer-a post he is eliminating upon his accession to the top job at the company.He will also be assuming the role of President when Susan Arnold leaves in September.Mr.McDonald said he wants to streamline the firm's management,creating a simpler,flatter and more agile organization.This is a priority because it reduces cost,improves productivity and enhances employee satisfaction,the new CEO pointed out.
Mr.McDonald will be leading 138,000 workers in more than 80 countries.The company's sales exceed 80 billion dollars a year.Mr.McDonald,56 years old,succeeds A.J. Lafley,who served for nine years.Procter and Gamble operates in three divisions:Beauty,Household Care and Health and Well-being.The company's brands include Tide,Sure and Duracell.

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