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Procter & Gamble names Jon Moeller its new CEO, effective in November


Procter & Gamble names Jon Moeller its new CEO, effective in November
Procter & Gamble Co. said late Thursday that Chief Operating Officer Jon R. Moeller will succeed David Taylor as the consumer-products giant’s chief executive officer, effective Nov. 1. At that date, Taylor will become Procter & Gamble’s executive chairman, tasked with leading the board and “provide advice and counsel to the CEO and P&G leadership on company decisions,” Procter & Gamble said. Moeller joined the company in 1988 and served as chief financial officer as well. The company said that Shailesh Jejurikar will take the post of chief operating officer on Oct. 1, reporting to Moeller. Jejurikar is the CEO of the company’s fabric & home care unit, Procter & Gamble’s largest. Shares of Procter & Gamble were flat in the extended session Thursday after ending the regular trading day up 0.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketW ....

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P&G Names New President And CEO


Jon Moeller will succeed David Taylor as P&G s CEO.
Procter & Gamble s Board of Directors is naming Vice Chairman and Chief Operating Officer Jon R. Moeller as the company s next president and CEO. He succeeds David Taylor.
The change takes effect Nov. 1, 2021, at which point Taylor will become executive chairman. In that role he ll lead the board of directors and provide advice and counsel to the CEO and P&G leadership on company decisions, according to a statement from the Cincinnati-based consumer products corporation.
“We thank David for his strategic leadership and guidance over the last six years as the Company has returned to consistent balanced growth and value creation, writes James McNerney, lead director of P&G s board. A strong plan for sustained success is in place and the Board unanimously agrees that now is the time to transition to Jon as CEO. We are fortunate and grateful to have David continue as Executive Chairman. ....

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