Procter & Gamble restructures global business

by The City Wire staff ([email protected]) 352 views 

Household products giant Procter & Gamble said Wednesday (June 5) it was reorganizing its business global business unit into four sectors.

The new alignments were part of the company’s ongoing plan to improve business performance.

“This sector organization and leadership team will help us operate more effectively and efficiently to continue momentum behind P&G’s growth strategies,” said A.G. Lafley, P&G board chairman, president and CEO. “These changes build on the productivity and organization design work led by Bob McDonald, and will help us get closer to consumers and become more agile with customers.”

The company will split its household care and beauty and grooming units into four sectors starting July 1. Each sector will be led by a group president as follows:

Martin Riant, president of global baby, feminine and family Care.
Deborah A. Henretta president of global beauty.
David S. Taylor, president of global home care, including pets.
Giovanni Ciserani group president of global fabric and home care.

Charles E. Pierce, group president of global oral care, will also assume the additional duties for held by Jorge Mesquitam, who is leaving the company to pursue other interests.

“We expect this structure to facilitate faster global expansion of brand and product innovations to win with consumers,” Lafley said. “Sectors will also drive technical, commercial, financial and organizational synergies to improve results.”

Concurrent with these changes, P&G is also announced Dimitri Panayotopoulos, has been elected vice chairman and advisor to the chairman and CEO beginning July 1.

P&G is a major supplier to Wal-Mart Stores Inc. and has a large office in Fayetteville.