P&G appoints new Chief Executive Officer, Chief Operating Officer
Global consumer goods giant, Procter & Gamble has announced Jon R. Moeller as its new president and chief executive officer with effect from November 1, 2021.
Moeller, who currently sits as the company’s vice chairman and chief operating officer, will succeed David Taylor as Procter & Gamble’s president and chief executive officer; meanwhile, Taylor will assume his new role as Procter & Gamble’s executive chairman to lead the Board of Directors, and provide counsel to the CEO and P&G leadership on company decisions.
Expressing the trust of the Board of Directors in Moeller’s appointment, James McNerney, lead director of P&G’s Board, said: “Jon has been an integral part of P&G’s leadership team for well over two decades, helping develop the strategies that P&G people are executing with excellence to drive P&G’s growth and value creation. He is an outstanding leader, and the company will benefit from his ongoing leadership to build on the strong momentum he has helped create over the last few years.”
“It has been an honor of a lifetime being the CEO of P&G, and I am incredibly grateful for the support of P&G’s Board, lead team and P&G people everywhere. Together, we have established strong momentum through an integrated strategy that is being executed with excellence,” says Taylor. “The Board and I are confident the time is right to transition the role of CEO, and I look forward to supporting Jon, Shailesh and the entire team as they continue to raise the bar to win with consumers and customers around the world and deliver sustained excellence.”
Shailesh Jejurikar has been elected chief operating officer, effective October 1, 2021. Jejurikar will report to Moeller and his successor will be announced at a later date. He currently serves as the chief executive officer of the company’s Fabric & Home Care sector, P&G’s largest business unit
On Taylor’s appointment, McNerney said: “We thank David for his strategic leadership and guidance over the last six years as the company has returned to consistent balanced growth and value creation. A strong plan for sustained success is in place and the Board unanimously agrees that now is the time to transition to Jon as CEO. We are fortunate and grateful to have David continue as executive chairman.”
Moeller joined P&G in 1988. He has been a member of P&G’s global leadership team since 2009, serving as chief financial officer, chief operating officer, and vice chairman. Throughout his career, he has held various senior leadership roles in categories, sectors and regions, and helped build several of P&G’s core businesses. Moeller played a pivotal role in designing and implementing P&G’s portfolio, superiority, productivity and organization design strategy, as part of one of the most significant transformations in the company’s history.
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