The Procter & Gamble Company yesterday announced the election of Ernesto Zedillo Ponce de Leon, 49, to the company's board of directors effective immediately. Zedillo was president of Mexico from 1994-2000. "We are delighted to welcome Ernesto Zedillo to our board," said P&G Chairman John E. Pepper. "He is a distinguished leader and economist. He drove unprecedented growth during his six years as president of Mexico. His vast experience in social, economic and trade issues will add great depth and insight to our board."