Consumer goods giant and Pringles owner Procter & Gamble has named COO Bob McDonald as president and CEO.
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McDonald, who replaces A.G. Lafley as CEO on 1 July, joined P&G in 1980 and most recently led the group’s global fabric and home-care business.
Lafley moves into a role as full-time chairman after nine years as CEO.
“A.G. Lafley has led the transformation of P&G over the past nine years,” said Jim McNerney, presiding director of P&G’s board. “P&G is a far more consumer-driven, externally focused and innovative company than it was a decade ago.”
“Bob McDonald is the most broadly and globally experienced CEO in P&G history. He has nearly 30 years of brand-building, market development, global business unit and global operations leadership experience across the company and throughout the world.”
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