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Lafley Turns P&G Over To “Broadly And Globally Experienced” CEO McDonald

This article was originally published in The Rose Sheet

Executive Summary

Although Procter & Gamble's newly appointed CEO and President Bob McDonald has built his career largely around household products - and primarily in Asia - he has demonstrated a keen understanding of markets the world wide and an eye for potential growth drivers in the beauty sector

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People In Brief

McDonald succeeds Lafley as P&G chairman: A.G. Lafley hands over responsibilities of Procter & Gamble chairman to Bob McDonald on Jan. 1, 2010 - almost two months before he will retire. The move is part of a phased-in leadership transition that began in June when Lafley passed the president and CEO baton to McDonald (1"The Rose Sheet" June 15, 2009). In the 10 years Lafley was president and CEO, P&G doubled its sales and grew its portfolio of billion-dollar brands from 10 to 22, according to Dec. 8 release. WellPoint's Braly joins board: In a same-day release, P&G says it has appointed WellPoint President and CEO Angela F. Braly to its board, effective immediately. WellPoint, a health benefits provider with 34 million members, has initiated coverage for OTC products in some areas (2"The Tan Sheet" May 26, 2008)

People In Brief

McDonald succeeds Lafley as P&G chairman: A.G. Lafley hands over responsibilities of Procter & Gamble chairman to Bob McDonald on Jan. 1, 2010 - almost two months before he will retire. The move is part of a phased-in leadership transition that began in June when Lafley passed the president and CEO baton to McDonald (1"The Rose Sheet" June 15, 2009). In the 10 years Lafley was president and CEO, P&G doubled its sales and grew its portfolio of billion-dollar brands from 10 to 22, according to Dec. 8 release. WellPoint's Braly joins board: In a same-day release, P&G says it has appointed WellPoint President and CEO Angela F. Braly to its board, effective immediately. WellPoint, a health benefits provider with 34 million members, has initiated coverage for OTC products in some areas (2"The Tan Sheet" May 26, 2008)

P&G Simplifies, Connects One Leader Per Brand With One Ad Agency Rep

Global giant Procter & Gamble is taking a small-company approach with its marketing structure

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