Procter & Gamble is selling Jon Moeller to chief government officer, succeeding David Taylor, efficient Nov. 1.
Moeller is P&G’s vice chairman and chief working officer. He may even serve on the corporate’s board. Shailesh Jejurikar has been elected chief working officer, efficient Oct. 1.
David Taylor has been P&G CEO since 2015. Earlier than that, he was president of the corporate’s international beauty, grooming and well being care enterprise. On Nov. 1, when Moeller takes over the CEO seat, Taylor will grow to be P&G’s government chairman.
P&G unveiled the information late Thursday, saying that Moeller had been elected to his new publish.
“Jon has been an integral a part of P&G’s management workforce for properly over 20 years, serving to develop the methods that P&G persons are executing with excellence to drive P&G’s development and worth creation,” mentioned James McNerney, the lead director of P&G’s board. “He’s an impressive chief, and the corporate will profit from his ongoing management to construct on the sturdy momentum he has helped create over the previous few years.”
McNerney thanked Taylor for her “strategic management and steering” and mentioned underneath his watch, P&G had been capable of return to constant, balanced development and worth creation.
“A powerful plan for sustained success is in place and the board unanimously agrees that now could be the time to transition to Jon as CEO,” McNerney mentioned in an announcement.
Moeller has been with P&G since 1988, and has labored within the firm’s management workforce since 2009.
In an announcement, Moeller mentioned he was “honored” to grow to be P&G’s CEO. “My confidence sooner or later is rooted in my confidence in P&G individuals. They’re dedicated to guide, motivated to win and have a powerful deal with sustained excellence in the whole lot we do — serving shoppers and delivering for shareholders by an built-in technique that’s delivered balanced development and worth creation.”
P&G has reported sturdy gross sales development all through the pandemic, as shoppers stocked up on and continued shopping for family necessities. The corporate will report quarterly earnings Friday morning.
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https://wwd.com/beauty-industry-news/beauty-features/procter-gamble-pg-ceo-jon-moeller-david-taylor-1234890807/ | P&G Jon Moeller to grow to be CEO, David Taylor to Lead Board – WWD