Procter & Gamble Announces Organizational Changes CINCINNATI, July 15, 2008 /PRNewswire-FirstCall/ -- The Procter & Gamble
Company (NYSE: PG) today announced the following organizational changes:
(Photo: http://www.newscom.com/cgi-bin/prnh/20080715/CLTU092-a )
(Photo: http://www.newscom.com/cgi-bin/prnh/20080715/CLTU092-b )
(Photo: http://www.newscom.com/cgi-bin/prnh/20080715/CLTU092-c )
(Photo: http://www.newscom.com/cgi-bin/prnh/20080715/CLTU092-d )
-- James R. Stengel (53), global marketing officer, will retire effective
October 31, 2008, after 25 years of service. Until that time, effective
August 1, 2008, Mr. Stengel will work on special projects and the transition,
continuing to report to Robert A. McDonald, chief operating officer.
-- Marc S. Pritchard (48), currently president - strategy, productivity
and growth, has been elected global marketing officer, effective August 1,
2008, reporting to Robert A. McDonald.
"Jim Stengel has reinvigorated P&G's marketing function and strengthened
P&G's capability as one of the world's leading brand builders," said A.G.
Lafley, P&G's chairman of the board and chief executive officer. "Jim has
helped change the way P&G markets our brands by challenging traditional
marketing models and setting new standards for P&G marketing rooted in deep
consumer understanding."
On Pritchard's appointment, Mr. Lafley said: "Marc Pritchard is the right
leader at the right time to take P&G marketing into the future. He's a
committed brand builder with more than 25 years experience and a proven track
record of leadership results. He's worked side-by-side with Jim Stengel for
the past two years to strengthen P&G's brand-building capability and his deep
knowledge and experience in branding, innovation and go-to-market capability
will enable him to drive ongoing brand-building excellence."
About Procter & Gamble
Three billion times a day, P&G brands touch the lives of people around the
world. The company has one of the strongest portfolios of trusted, quality,
leadership brands, including Pampers(R), Tide(R), Ariel(R), Always(R),
Whisper(R), Pantene(R), Mach3(R), Bounty(R), Dawn(R), Gain(R), Pringles(R),
Folgers(R), Charmin(R), Downy(R), Lenor(R), Iams(R), Crest(R), Oral-B(R),
Actonel(R), Duracell(R), Olay(R), Head & Shoulders(R), Wella(R), Gillette(R),
and Braun(R). The P&G community consists of 138,000 employees working in over
80 countries worldwide. Please visit http://www.pg.com for the latest news and
in-depth information about P&G and its brands.
SOURCE The Procter & Gamble Company
07/15/2008
CONTACT: Paul Fox, Corporate Media Relations, of The Procter & Gamble
Company, +1-513-884-2592, fox.pd@pg.com
3826 07/15/2008 13:32 EDT http://www.prnewswire.com
