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CINCINNATI — In a senior-level reorganization aimed at "improving strategies," Procter & Gamble Co. (P&G) this week expanded the role of David Taylor and placed him in charge of the company’s global beauty business.
In a senior-level reorganization aimed at "improving strategies," Procter & Gamble Co. (P&G) this week expanded the role of David Taylor and placed him in charge of the company’s global beauty business.
In this new role, Taylor, 56, will assume responsibilities previously held by Deb Henretta, who was assigned a newly created position at P&G, group president of e-commerce, and she will oversee the global online business. The moves are effective February 1, according to reports.
With his new responsibilities, Taylor, who was a group president of global health and grooming, will oversee two of the company’s business units. These two units account for more than 40% of P&G’s annual revenue, although the beauty business has been under pressure from competitors such as L’Oréal and Unilever.
P&G announced the executive changes via an internal memo, which was then reported in the general press. Some analysts speculated that the management changes would position Taylor as the leading candidate to succeed P&G chief executive officer A.G. Lafley when he is ready to retire.
Lafley, who is 67, is in his second run as CEO of the consumer products company. He had retired in 2009, but he came back to help get the company back on track in 2013.
"These leadership changes are another step forward in improving strategies, capabilities and plans on key business priorities where P&G needs to win," a P&G spokesman told The New York Times in an e-mail. "It will continue to make us a simpler, more focused company that is faster growing and creating greater value for consumers and shareholders."
The changes in management roles come as P&G moves through an extensive corporate restructuring. In August the company reported its plan to divest as many as 100 brands as it sharpens focus on the core 75 leading brands it markets.
