Dive Summary:
- Proctor & Gamble, the largest maker of retail consumer products in the world, has announced it will reorganize the company into four new divisions with each lead by a single group president.
- The overhaul becomes reality effective July 1st and the company anticipates the move will ‘spur growth in emerging markets and improve profit and revenue globally,’ according to sources.
- “This sector organization and leadership team will help us operate more effectively and efficiently to continue momentum behind P. & G.’s growth strategies,” states chief executive Alan G. Lafley.
From the article:
One division is global baby, feminine and family care. This group will include brands like Pampers and Tampax. Martin Riant, 54, will be group president of the division. Global beauty, which includes brands like Olay and Cover Girl, will be headed by Deborah Henretta, 52. Global health and grooming will be led by David Taylor, 55.
