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Gillette Mach3 Sales Boost In Q4 Provides Momentum For CEO Kilts

This article was originally published in The Rose Sheet

Executive Summary

Gillette's Mach3 men's razor and blade record 38% sales increase in the fourth quarter provides momentum for newly appointed CEO James Kilts to build an era of "sustained, profitable growth" after he assumes the helm of the firm Feb. 12.

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Gillette’s Leckie Assumes Helm As Kilts Steps Down

Gillette CEO James Kilts is stepping down as head of the blades and razors business effective July 1, but will continue on as vice chairman of Procter & Gamble's board of directors in order to focus on the Gillette integration, P&G reported May 24

Gillette’s Leckie Assumes Helm As Kilts Steps Down

Gillette CEO James Kilts is stepping down as head of the blades and razors business effective July 1, but will continue on as vice chairman of Procter & Gamble's board of directors in order to focus on the Gillette integration, P&G reported May 24

Gillette

CEO James Kilts has extended his employment contract one year to Jan. 19, 2005 from original three-year contract's expiration on Jan. 19, 2004, Gillette reports Aug. 7. Principle terms of the contract extension call for Kilts to receive a stock option award of 1 mil. shares on Jan. 2 and stock appreciation rights of 1 mil. share units that have a roughly six-month valuation term, firm notes. Exec's current base compensation is about $1.4 mil. with a bonus targeted at $1.7 mil. in 2003. Kilts was appointed to the helm in early 2001 (1"The Rose Sheet" Jan. 29, 2001, p. 7). Separately, Gillette announced it acquired a majority interest in Fujian Nanping Nanfu Battery, a leading Chinese battery company. The acquisition will be nominally accretive to 2003 earnings, firm notes...

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