Lafley Returns To P&G Helm As McDonald’s Tenure Ends After Four Years
This article was originally published in The Rose Sheet
Executive Summary
Procter & Gamble turns to its former leader, who was replaced by Bob McDonald in 2009, after facing investor and analyst pressure to shake up management. Lafley’s return as CEO “provides us with new hope,” one market analyst says.
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In Brief
P&G puts health care and grooming head David Taylor in charge of the firm’s global beauty business as well, positioning him as a possible successor to CEO Lafley. More news in brief.