P&G reorganises Global Business Units

Published: 6-Jun-2013
Finance

The company is reorganising its Global Business Units into four industry-based sectors


Procter & Gamble (P&G) is grouping its Global Business Units into four industry-based sectors. The move, which follows soon after A.G. Lafley was named CEO of the consumer goods giant, is said to be in line with P&G’s plan to improve business performance while also supporting its current growth strategies of strengthening developed market businesses, maintaining developing market momentum, building a strong innovation pipeline, and driving productivity improvements.

"This sector organisation and leadership team will help us operate more effectively and efficiently to continue momentum behind P&G's growth strategies," said Lafley, who was appointed P&G President and CEO in May, replacing Bob McDonald.

There will be four sectors, each to be led by a separate Group President who will report directly to Lafley. Effective 1 July, Martin Riant will become Group President of Global Baby, Feminine and Family Care; David S. Taylor, currently Group President of Global Home Care, will be named Group President of Global Health and Grooming; Giovanni Ciserani will become Group President of Global Fabric and Home Care, and finally, Deborah A. Henretta is to become Group President of Global Beauty, which includes the Beauty Care, Retail Hair Care and Colour, Salon Professional, and Prestige categories.

Finally, P&G has also named Dimitri Panayotopoulos, currently Vice Chairman, Global Business Units, as Vice Chairman and Advisor to the CEO effective 1 July. Panayotopoulos will continue to report to Lafley.

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